New London, Henry County, Iowa Property Taxes
Median New London, IA effective property tax rate: 1.84%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median New London, IA home value: $126,570
Median annual New London, IA tax bill: $2,188, $212 lower than the national median property tax bill of $2,400.
How are property taxes in Henry calculated?
Property taxes in New London, 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 London’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New London, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New London, Henry County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.71%
Estimate Property Tax Bill
$2,167
$2,011
Ownwell’s New London Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New London with just two data points.
By entering your property's estimated assessed value, our calculator applies New London’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 Henry County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across New London, Henry County, Iowa
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. This is because each county annually calculates its required budget for services and divides it by the total assessed value of all taxable properties in its area. This process determines the property tax rate. While voting and legislation play roles in setting these rates and budgets, this is the core of the annual procedure.
Comparing New London’s effective property tax rate to other cities in Iowa, you'll find it aligns with the median rate within the state. The effective property tax rate in New London is 1.84%, which is higher than the national median of 1.02%. This rate reflects the specific financial needs and property values in Henry County. Understanding these variations can help property owners anticipate their tax obligations and explore potential savings through appeals or exemptions.
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 London Tax Rate
1.71%
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 Henry County Tax Rate
1.56%
Median Effective Iowa Tax Rate
1.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New London, Henry County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52645 | 1.35% | 1.49% | 1.71% | 1.88% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across New London, Henry County, Iowa
When examining property taxes in New London, Iowa, 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 Henry County appraisal district 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 Henry 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 London.
For example, the median home price in New London is $126,570, with tax bills ranging significantly across the county. The zip code 52645 has the highest median home price at $126,570.
Property Tax Assessment Values Across New London, Henry County, Iowa
Source: Ownwell
$24,635
$115,073
$205,510
Median New London Market Value
$126,730
Median Henry County Market Value
$136,670
Median Iowa Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across New London, Henry County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52645 | $44,599 | $81,662 | $126,730 | $192,545 | $277,139 |
Source: Ownwell
Property Tax Bills Across New London, Henry County, Iowa
Median New London Tax Bill
$2,116
Median Henry County Tax Bill
$2,116
Median Iowa Tax Bill
$2,542
Median United States Tax Bill
$2,400
Property Tax Bills Across New London, Henry County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 52645 | $732 | $1,384 | $2,116 | $3,114 | $4,478 |
Source: Ownwell