Newton, Jasper County, Iowa Property Taxes

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

Median Newton, IA effective property tax rate: 1.77%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Newton, IA home value: $153,610
Median annual Newton, IA tax bill: $2,616, $216 higher than the national median property tax bill of $2,400.

How are property taxes in Jasper County calculated?

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

Last Updated March 1, 2025

Newton, Jasper County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.74%

Estimate Property Tax Bill

$2,687

$2,493

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

By entering your property's estimated assessed value, our calculator applies Newton’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 Jasper County.

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

Property Tax Rates Across Newton, Jasper County, Iowa

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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. Below, you can compare Newton’s effective property tax rate to other cities in Iowa and the median property tax rates in Iowa and the U.S.

Property Tax Rates Across Newton, Jasper County, Iowa

Source: Ownwell

1.01%

1.37%

1.74%

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 Newton Tax Rate

1.74%

Median Effective Jasper County Tax Rate

1.56%

Median Effective Iowa Tax Rate

1.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Newton, Jasper County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50208	1.22%	1.53%	1.74%	1.88%	1.88%

Source: Ownwell

Property Tax Assessment Values Across Newton, Jasper County, Iowa

When examining property taxes in Newton, 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 Jasper 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 Jasper 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 Newton. For example, the median home price in Newton is $153,610, with tax bills ranging significantly across the county. Zip code 50208 has the highest median home price at $153,610.

Property Tax Assessment Values Across Newton, Jasper County, Iowa

Source: Ownwell

$80,150

$181,590

$283,030

Median Newton Market Value

$154,420

Median Jasper County Market Value

$167,640

Median Iowa Market Value

$169,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Newton, Jasper County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50208	$78,298	$106,700	$154,420	$222,720	$312,150

Source: Ownwell

Property Tax Bills Across Newton, Jasper County, Iowa

In Newton, Iowa, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as local government budgets, school funding needs, and public service requirements influence the tax rate. Homeowners in Newton face a median property tax bill of $2,616, which is slightly above the national median of $2,400. With tax bills ranging from $1,867 at the 25th percentile to $4,918 at the 90th percentile, there is a significant variance in what homeowners pay, depending on their property's assessed value and location within the city. Navigating these complexities can be challenging, but Ownwell is here to help. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in potentially reducing their tax bills. Our team analyzes your property’s assessed value and identifies opportunities to appeal, ensuring you pay only your fair share.

Property Tax Bills Across Newton, Jasper County, Iowa

Source: Ownwell

$930

$2,378

$3,826

Median Newton Tax Bill

$2,586

Median Jasper County Tax Bill

$2,562

Median Iowa Tax Bill

$2,542

Median United States Tax Bill

$2,400

Property Tax Bills Across Newton, Jasper County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50208	$1,306	$1,822	$2,586	$3,576	$4,920

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 30

Links
Jasper Tax Assessor
Website	beacon.schneidercorp.com