Lake Mills, IA — income, home value, property tax, and sales tax.
In ZIP 50473, near Lake Mills, homes carry a median value of $140,500 while the county's effective property tax rate sits at 1.32%. That works out to roughly $1,855 in annual property taxes on a median-priced home. With median household income at $50,227, that tax bill equals about 3.7% of yearly earnings, a share that shapes what buyers here can carry alongside a mortgage. Per-capita income reaches $31,732, and a 7.00% combined sales tax applies to purchases. Together these figures mean housing costs and taxes claim a meaningful slice of local paychecks.