Spencer, IA — income, home value, property tax, and sales tax.
In ZIP code 51364, near Spencer, households earn a median of $66,875, with per-capita income at $47,307. Homes here are valued at a median of $156,900, and the county-level property tax rate of 0.93% works out to roughly $1,459 a year on that amount. Add a 7.00% combined sales tax on purchases, and the overall picture shows a community where earnings run ahead of home prices, keeping the annual property tax bill below fifteen hundred dollars.
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