Iowa City, IA — income, home value, property tax, and sales tax.
In ZIP code 52240, which takes in part of Iowa City, households earn a median of $52,960, or $36,340 per person. Homes here carry a median value of $242,300, and the county-level property tax rate of 1.52% applies to that figure. Sales taxes add 7.00% to purchases. Together these figures sketch the financial shape of the area: incomes near the middle of the range, housing prices that sit above what those incomes might suggest, and two separate taxes that touch both property owners and everyday shoppers.
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