New Hampton, Chickasaw County, Iowa Property Taxes
Median New Hampton, IA effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median New Hampton, IA home value: $167,800
Median annual New Hampton, IA tax bill: $1,912, $488 lower than the national median property tax bill of $2,400.
How are property taxes in Chickasaw calculated?
Property taxes in New Hampton, IA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding New Hampton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Hampton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Hampton, Chickasaw County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.2%
Estimate Property Tax Bill
$2,014
$1,869
Property Tax Rates Across New Hampton, Chickasaw County, Iowa
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate their budgets needed to provide services and divide this by the total value of all taxable properties in their area, resulting in the property tax rate. Although votes and laws are part of setting these rates and budgets, this is the annual process in a nutshell.
Compare New Hampton’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S. New Hampton, located in Chickasaw County, has a median property tax rate of 1.20%, which is above the national median of 1.02%. This places it on par with the highest and lowest median tax rates within the state, both recorded in the zip code 50659. With the national median property tax bill at $2400, residents in New Hampton might expect higher tax bills relative to the national average due to the elevated tax rate. This comparison highlights the importance of understanding local tax rates and how they impact property owners.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective New Hampton Tax Rate
1.20%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Chickasaw County Tax Rate
1.19%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Hampton, Chickasaw County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50659 | 0.89% | 1.06% | 1.20% | 1.30% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across New Hampton, Chickasaw County, Iowa
When examining property taxes in New Hampton, IA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Chickasaw County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Chickasaw County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Hampton.
For example, the median home price in New Hampton is $167,800, with tax bills ranging significantly across the county. Zip code 50659 has the highest median home price at $167,800.
Property Tax Assessment Values Across New Hampton, Chickasaw County, Iowa
Source: Ownwell
$95,100
$178,500
$261,900
Median New Hampton Market Value
$167,800
Median Chickasaw County Market Value
$150,300
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Hampton, Chickasaw County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50659 | $60,820 | $109,900 | $167,800 | $237,350 | $327,140 |
Source: Ownwell
Property Tax Bills Across New Hampton, Chickasaw County, Iowa
Median New Hampton Tax Bill
$1,912
Median Chickasaw County Tax Bill
$1,710
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across New Hampton, Chickasaw County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50659 | $725 | $1,254 | $1,912 | $2,662 | $3,961 |
Source: Ownwell