Farnhamville, IA — income, home value, property tax, and sales tax.
In ZIP code 51449, near Farnhamville, homes carry a median value of $115,800, and the county's 1.32% effective property tax rate works out to roughly $1,529 a year on such a home. With median household income at $75,329 and per-capita income at $47,087, that tax bill absorbs a fairly small share of annual earnings. Combined with a 7.00% sales tax rate, the overall cost structure leaves room in the budget for other expenses, and the gap between local home prices and area incomes keeps ownership within reach for many working households.
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