Newton County Property Taxes
The median property tax rate in Newton County is 1.13%, which is higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With a median home value of $57,610, the typical annual property tax bill in Newton County is $665, considerably less than the national median of $2,690. Property taxes in Newton County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. 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 Decatur 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
1.13%
Estimate Property Tax Bill
$651
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, Mississippi
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 1.13%, which is higher than both the Mississippi state median and 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. The following data compares Newton County's effective property tax rate with other counties in Mississippi and the national median. For comparison, the city of Newton has one of the higher property tax rates in Mississippi at 1.19%, while the city of Little Rock boasts one of the lowest at 0.93%. 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
1.13%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newton County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chunky | 0.49% | 0.78% | 0.97% | 1.78% | 2.05% |
| Collinsville | 0.27% | 0.78% | 1.00% | 1.78% | 1.78% |
| Conehatta | 0.48% | 0.78% | 0.94% | 1.78% | 1.78% |
| Decatur | 0.43% | 0.79% | 1.05% | 1.78% | 2.32% |
| Enterprise | 0.49% | 0.82% | 1.10% | 1.78% | 1.79% |
| Hickory | 0.56% | 0.79% | 1.02% | 1.78% | 2.05% |
| Lake | 0.36% | 0.80% | 1.01% | 1.82% | 1.82% |
| Lawrence | 0.57% | 0.86% | 1.08% | 1.90% | 1.90% |
| Little Rock | 0.35% | 0.78% | 0.93% | 1.78% | 1.78% |
| Newton | 0.53% | 0.86% | 1.19% | 1.90% | 2.37% |
| Union | 0.59% | 0.84% | 1.15% | 1.79% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Newton County, Mississippi
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. 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. In Newton County, Decatur has the highest median tax bill at $791, while Little Rock has the lowest at $494.
Property Tax Assessment Values Across Newton County, Mississippi
Source: Ownwell
$49,840
$61,333
$72,825
Average Newton County Assessed Value
$57,610
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newton County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chunky | $11,482 | $25,780 | $56,850 | $93,120 | $157,108 |
| Collinsville | $11,838 | $20,820 | $53,170 | $82,390 | $132,008 |
| Conehatta | $13,922 | $27,668 | $64,695 | $101,028 | $157,459 |
| Decatur | $16,122 | $38,405 | $72,825 | $119,818 | $190,410 |
| Enterprise | $18,536 | $22,030 | $49,840 | $95,380 | $203,490 |
| Hickory | $10,250 | $25,535 | $61,420 | $108,080 | $207,190 |
| Lake | $15,322 | $30,220 | $63,000 | $103,850 | $161,490 |
| Lawrence | $11,370 | $23,812 | $53,390 | $93,540 | $172,295 |
| Little Rock | $12,366 | $25,590 | $54,360 | $95,690 | $143,442 |
| Newton | $13,538 | $30,400 | $53,580 | $86,230 | $139,090 |
| Union | $13,921 | $30,785 | $56,035 | $93,140 | $153,757 |
Source: Ownwell
Property Tax Bills Across Newton County, Mississippi
In Newton County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Newton County face varying tax bills depending on several factors, including the assessed value of their property and the local tax rate. The median home price in Newton County is $57,610, and the median property tax rate is below the national median of 0.99%, resulting in relatively lower tax bills. Homeowners in the 25th percentile can expect to pay around $316 annually, while those in the 75th percentile face tax bills of approximately $1,231. For properties in the 90th percentile, tax bills can reach up to $2,007. The highest median tax bill in the county is in Decatur at $791, whereas Little Rock has the lowest at $494. These variations highlight how property values and local tax rates can significantly impact the financial responsibilities of homeowners in Newton County.
Average Newton County Tax Bill
$665
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Newton County, Mississippi
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chunky | $122 | $258 | $549 | $1,084 | $1,744 |
| Collinsville | $92 | $220 | $523 | $1,130 | $1,451 |
| Conehatta | $155 | $262 | $640 | $1,214 | $1,783 |
| Decatur | $160 | $356 | $791 | $1,453 | $2,330 |
| Enterprise | $215 | $389 | $525 | $1,422 | $2,329 |
| Hickory | $111 | $263 | $656 | $1,276 | $2,493 |
| Lake | $140 | $252 | $547 | $1,242 | $2,023 |
| Lawrence | $144 | $264 | $563 | $1,273 | $2,103 |
| Little Rock | $126 | $255 | $494 | $953 | $1,698 |
| Newton | $152 | $354 | $701 | $1,214 | $1,869 |
| Union | $158 | $362 | $690 | $1,187 | $2,002 |
Source: Ownwell