Palmer, IA — income, home value, property tax, and sales tax.
Households in ZIP code 50571, near Palmer, bring in a median income of $59,583, while per-capita income reaches $52,274 — a mix that points to a middle-income area rather than an affluent one. Median home values sit at $58,900, and the county-level effective property tax rate of 1.13% applies to that lower tax base. Sales tax runs 7.00% on purchases. With property values well below the national picture, owners here carry a comparatively contained annual tax bill, though the sales rate adds cost to everyday spending.
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