Farragut, IA — income, home value, property tax, and sales tax.
In ZIP code 51645, near Farragut, households earn a median of $217,898, while per-capita income sits at $56,899. The county's effective property tax rate of 1.21% means a home's assessed value drives the annual bill directly. A $400,000 house, for example, would owe roughly $4,840 yearly, though actual values here may run higher given the income levels. Combined with a 7.00% sales tax, housing costs compete with everyday purchases for the same paycheck. Still, the gap between median household earnings and per-person income hints at multi-earner homes, which can soften what a single property tax payment feels like.