New Market, Page County, Iowa Property Taxes

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

Median NEW MARKET, IA effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median NEW MARKET, IA home value: $209,110
Median annual NEW MARKET, IA tax bill: $2,413, $13 higher than the national median property tax bill of $2,400.

How are property taxes in Page County calculated?

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

Last Updated March 1, 2025

New Market, Page County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$2,447

$2,270

Ownwell’s New Market Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Market with just two data points. By entering your property's estimated assessed value, our calculator applies New Market’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 Page County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Market, Page County, Iowa

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, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In NEW MARKET, located in Page County, the effective property tax rate is a point of interest. The median property tax rate in Iowa is 1.17%, which is higher than the national median of 1.02%. This difference highlights the variability that can exist even within a single state. Comparing NEW MARKET's rate to other cities in Iowa can provide valuable insights for property owners. Understanding how these rates stack up against the national median property tax rate and bill of $2400 can help homeowners make informed decisions. By examining these comparisons, property owners in NEW MARKET can better understand their tax responsibilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across New Market, Page County, Iowa

Source: Ownwell

1.18%

1.45%

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 New Market Tax Rate

1.17%

Median Effective Page County Tax Rate

1.56%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Market, Page County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
51646	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across New Market, Page County, Iowa

When examining property taxes in New Market, 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 Page 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. Assessment notices: In Page 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 Market. For example, the median home price in New Market is $209,110, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across New Market, Page County, Iowa

Source: Ownwell

$20,640

$103,590

$186,540

Median New Market Market Value

$209,110

Median Page County Market Value

$100,500

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Market, Page County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
51646	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across New Market, Page County, Iowa

In New Market, located in Page County, IA, property tax bills are determined based on the assessed value of a home. This assessed value is typically a percentage of the property's market value. Homeowners in New Market pay a median property tax bill that is notably lower than the national median of $2,400. However, the tax bill can vary significantly, with the 25th percentile at $1,752 and the 75th percentile at $3,912, reflecting the differences in property values and assessment rates within the area. Factors such as changes in market conditions and local tax rates can influence these bills, impacting homeowners financially. For those at the 90th percentile, the tax bill can reach up to $4,717, indicating a substantial burden for some property owners. Ownwell can assist homeowners by reviewing their property assessments and identifying potential savings through appeals or exemptions. By leveraging expert knowledge and local data, Ownwell helps ensure that property owners are not overpaying on their property taxes, offering relief and potentially significant savings.

Property Tax Bills Across New Market, Page County, Iowa

Source: Ownwell

$344

$1,290

$2,236

Median New Market Tax Bill

$2,413

Median Page County Tax Bill

$1,497

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across New Market, Page County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
51646	N/A	N/A	N/A	N/A	N/A

Source: Ownwell