Spencer, IA — income, home value, property tax, and sales tax.
In ZIP code 51340, near Spencer, households earn a median of $90,250, with per-capita income at $44,464. Homes here carry a median value of $133,800, and the county's effective property tax rate of 1.15% means annual property taxes on such a home come to roughly $1,540. Add a combined sales tax of 7.00% on purchases, and the overall picture shows a fairly balanced cost structure: solid earnings against a housing market priced well below many parts of the country, with both tax rates staying in single digits.
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