Goodland, Newton County, Indiana Property Taxes

Name: Property Tax Bills Across Goodland, Newton County, Indiana
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Goodland, IN effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, and equal to the Indiana state median of 0.99%.
Median Goodland, IN home value: $86,850
Median annual Goodland, IN tax bill: $983, $1,417 lower than the national median property tax bill of $2,400.

How are property taxes in Newton County calculated?

Property taxes in Goodland, IN 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 Goodland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Goodland, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Goodland, Newton County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.99%

Estimate Property Tax Bill

$860

$798

Ownwell’s Goodland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Goodland with just two data points.

By entering your property's estimated assessed value, our calculator applies Goodland’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Newton County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Goodland, Newton County, Indiana

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Goodland in Newton County, Indiana, has an effective property tax rate that aligns closely with the state median. Compared to the national median property tax rate of 1.02%, Indiana's rate is slightly lower, providing a relatively favorable tax environment. This can be particularly appealing for homeowners seeking to minimize their annual tax liability.

In Goodland, the property tax rates reflect the county's approach to budgeting and service provision, which may differ from other regions within the state. Although the rates are consistent across the county, they still offer a competitive advantage when compared to national averages. This consistency in tax rates can provide homeowners with a sense of financial predictability, allowing for better long-term planning and investment in their properties.

Property Tax Rates Across Goodland, Newton County, Indiana

Source: Ownwell

0.71%

1.10%

1.49%

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 Goodland Tax Rate

0.99%

Median Effective Newton County Tax Rate

0.94%

Median Effective Indiana Tax Rate

0.99%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Goodland, Newton County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
47948	0.60%	0.77%	0.99%	1.65%	2.03%

Source: Ownwell

Property Tax Assessment Values Across Goodland, Newton County, Indiana

When examining property taxes in Goodland, Indiana, 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 Newton County Assessor's Office 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 Newton 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 Goodland.

For example, the median home price in Goodland is $86,850, with tax bills ranging significantly across the county. Zip code 47948 has the highest median home price at $86,850.

Property Tax Assessment Values Across Goodland, Newton County, Indiana

Source: Ownwell

$51,450

$148,925

$246,400

Median Goodland Market Value

$86,850

Median Newton County Market Value

$139,700

Median Indiana Market Value

$170,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Goodland, Newton County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
47948	$44,710	$62,300	$86,850	$122,725	$164,060

Source: Ownwell

Property Tax Bills Across Goodland, Newton County, Indiana

In Goodland, Newton County, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $86,850, homeowners in Goodland face tax bills that can range significantly, from $510 at the 25th percentile to $2,242 at the 90th percentile. The median tax bill in Goodland is $983, which is below the national median property tax bill of $2,400. This means that while the tax rate may be favorable compared to the national average, individual tax bills can still vary widely based on specific property assessments. Ownwell can assist homeowners by reviewing their property assessments to identify discrepancies or opportunities for exemptions, potentially lowering their tax burden. By leveraging expertise in local tax codes and appeal processes, Ownwell provides homeowners with the tools and guidance needed to ensure their property taxes are fair and manageable.

Property Tax Bills Across Goodland, Newton County, Indiana

Source: Ownwell

$379

$1,431

$2,482

Median Goodland Tax Bill

$983

Median Newton County Tax Bill

$1,323

Median Indiana Tax Bill

$1,691

Median United States Tax Bill

$2,400

Property Tax Bills Across Goodland, Newton County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
47948	$329	$510	$983	$1,441	$2,242

Source: Ownwell