Newton County Property Taxes
The median property tax rate in Newton County is 0.94%, which is slightly lower than both the national median of 0.99% and the Indiana state median of 0.99%. With a median home value of $139,700 in Newton County, the typical annual property tax bill amounts to $1,323, significantly lower than the national median of $2,690. Property taxes in Newton County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Newton County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Kentland or another part of Newton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newton County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,313
Ownwell’s Newton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Newton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Newton County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Newton County, Indiana
Property taxes in Newton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Newton County is 0.94%, which is lower than the U.S. national median of 0.99%. Local government entities within Newton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Newton County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Sumava Resorts has one of the higher property tax rates in Indiana at 1.49%, while the city of Mount Ayr boasts one of the lowest at 0.71%. Analyzing how Newton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Newton County Tax Rate
0.94%
Average Indiana Tax Rate
0.99%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brook | 0.65% | 0.85% | 0.97% | 1.76% | 2.05% |
| Demotte | 0.47% | 0.67% | 0.83% | 1.00% | 1.67% |
| Earl Park | 0.78% | 0.84% | 1.02% | 1.07% | 1.50% |
| Fair Oaks | 0.69% | 0.88% | 1.01% | 1.44% | 1.72% |
| Goodland | 0.60% | 0.77% | 0.99% | 1.65% | 2.03% |
| Kentland | 0.52% | 0.72% | 0.93% | 1.19% | 1.89% |
| Lake Village | 0.57% | 0.81% | 0.99% | 1.18% | 1.93% |
| Morocco | 0.60% | 0.80% | 1.02% | 1.72% | 2.05% |
| Mount Ayr | 0.35% | 0.53% | 0.71% | 1.51% | 2.31% |
| Rensselaer | 0.45% | 0.84% | 0.94% | 1.21% | 1.51% |
| Roselawn | 0.84% | 0.96% | 1.46% | 1.91% | 1.99% |
| Sumava Resorts | 0.36% | 0.49% | 1.49% | 1.96% | 2.73% |
| Thayer | 0.43% | 0.64% | 0.83% | 1.10% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Newton County, Indiana
In Newton County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Newton County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Newton County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Fair Oaks has the highest median tax bill at $2,482, while Sumava Resorts has the lowest at $379. Being aware of these valuation processes in Newton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Newton County Assessed Value
$139,700
Average Indiana Assessed Value
$170,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brook | $41,040 | $64,150 | $99,350 | $147,525 | $245,970 |
| Demotte | $78,480 | $130,700 | $171,100 | $230,200 | $292,220 |
| Earl Park | $121,400 | $121,700 | $132,500 | $155,000 | $262,880 |
| Fair Oaks | $135,100 | $173,850 | $246,400 | $339,550 | $592,270 |
| Goodland | $44,710 | $62,300 | $86,850 | $122,725 | $164,060 |
| Kentland | $58,960 | $83,000 | $115,500 | $158,200 | $224,540 |
| Lake Village | $82,600 | $139,900 | $190,000 | $272,900 | $357,680 |
| Morocco | $52,400 | $80,925 | $117,150 | $179,925 | $264,900 |
| Mount Ayr | $29,980 | $47,250 | $69,150 | $95,750 | $133,620 |
| Rensselaer | $124,720 | $151,000 | $173,500 | $295,950 | $376,300 |
| Roselawn | $54,800 | $68,150 | $109,050 | $241,075 | $287,400 |
| Sumava Resorts | $5,350 | $27,700 | $51,450 | $76,550 | $108,310 |
| Thayer | $41,550 | $93,250 | $125,800 | $166,100 | $194,470 |
Source: Ownwell
Property Tax Bills Across Newton County, Indiana
In Newton County, IN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value and then apply a standardized assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence this calculation, including the property's location, size, and condition. Homeowners in Newton County can expect a range of property tax bills. For instance, the 25th percentile tax bill is around $742, while the 75th percentile reaches $2,195. The 90th percentile tax bill can be as high as $3,327. Comparatively, the national median property tax rate is 0.99%, making Newton County's tax rates relatively moderate. However, in cities like Fair Oaks within the county, the highest median tax bill can reach up to $2,482, while in Sumava Resorts, it can be as low as $379. These variations significantly impact homeowners' annual expenses, influencing their financial planning and property affordability.
Average Newton County Tax Bill
$1,323
Average Indiana Tax Bill
$1,691
Average United States Tax Bill
$2,690
Property Tax Bills Across Newton County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brook | $376 | $632 | $1,040 | $1,716 | $3,258 |
| Demotte | $476 | $872 | $1,407 | $2,210 | $3,022 |
| Earl Park | $988 | $1,110 | $1,578 | $2,182 | $3,020 |
| Fair Oaks | $969 | $1,680 | $2,482 | $3,902 | $7,848 |
| Goodland | $329 | $510 | $983 | $1,441 | $2,242 |
| Kentland | $318 | $607 | $1,144 | $1,745 | $2,599 |
| Lake Village | $614 | $1,186 | $1,914 | $2,973 | $4,204 |
| Morocco | $413 | $713 | $1,324 | $2,135 | $3,216 |
| Mount Ayr | $189 | $285 | $451 | $824 | $1,364 |
| Rensselaer | $576 | $1,193 | $1,623 | $3,593 | $5,146 |
| Roselawn | $955 | $1,131 | $1,391 | $2,279 | $2,853 |
| Sumava Resorts | $87 | $186 | $379 | $911 | $1,456 |
| Thayer | $321 | $647 | $1,042 | $1,615 | $2,203 |
Source: Ownwell