Cedar Rapids, IA — income, home value, property tax, and sales tax.
In ZIP code 52341, near Cedar Rapids, homes carry a median value of $371,800, and the county-level effective property tax rate of 1.66% works out to roughly $6,170 a year in property taxes on that median home. With median household income at $91,250, that tax bill equals about 6.8% of a typical household's annual earnings, a meaningful slice of the budget. Per-capita income stands at $40,634, and the combined sales tax rate is 7.00%, adding further cost to everyday purchases for anyone owning or buying here.
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