Taxes & Insurance in Fairfield
Fairfield's tax and insurance picture pairs an above-county-average property tax rate with Iowa's genuinely favorable statewide income-tax and insurance profile.
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Learn moreAn above-county-average property tax rate
Fairfield's own effective property tax rate ran approximately 1.50%, above Jefferson County's own overall average of 1.34%-1.39% (countywide median bill $1,806) -- this record excludes one clearly anomalous '0.02%' citation found this pass as a likely data-extraction error (base record).
Iowa's real, completed flat income tax
Iowa's flat individual income tax rate reached its final, real 3.8% rate for 2026, with full exemption of Social Security and qualifying retirement income for residents 55 or older (base record).
A favorable statewide insurance baseline
Iowa's statewide average homeowners premium ran approximately $2,527-$2,664/year, below the national average of approximately $2,844/year -- even as Iowa rates rose a real 28% during 2025 alone (base record).
Key takeaways
- Fairfield's effective property tax rate (~1.50%) runs above Jefferson County's own countywide average.
- Iowa's flat 3.8% income tax and full retirement-income exemption for residents 55+ apply statewide.
- Iowa's statewide homeowners-insurance average runs below the national average, despite a real 28% single-year 2025 increase.
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