Newell, Sac County, Iowa Property Taxes
Median Newell, IA effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Newell, IA home value: $173,430
Median annual Newell, IA tax bill: $1,526, $874 lower than the national median property tax bill of $2,400.
How are property taxes in Sac County calculated?
Property taxes in Newell, 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 Newell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Newell, Sac County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$1,648
$1,529
Property Tax Rates Across Newell, Sac County, Iowa
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budget needs to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the general process followed each year.
In Newell, located in Sac County, Iowa, the effective property tax rate offers an interesting comparison to other cities within the state and the national median. Iowa's median property tax rate stands at 0.95%, slightly below the national median of 1.02%. This means that Newell's property tax rate, in line with the state median, is also below the national average, offering some relief to property owners when compared to other regions in the United States. Understanding these rates and how they are determined can be crucial for property owners looking to manage their expenses effectively.
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 Newell Tax Rate
0.95%
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 Sac County Tax Rate
1.14%
Median Effective Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Newell, Sac County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50568 | 0.86% | 0.88% | 0.95% | 1.10% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Newell, Sac County, Iowa
When examining property taxes in Newell, 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 Sac County Assessor 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 Sac 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 Newell. For example, the median home price in Newell is $173,430, with tax bills ranging significantly across the county. Zip code 50568 has the highest median home price at $173,430.
Property Tax Assessment Values Across Newell, Sac County, Iowa
Source: Ownwell
$73,140
$153,858
$234,575
Median Newell Market Value
$173,430
Median Sac County Market Value
$117,660
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Newell, Sac County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50568 | $104,586 | $119,800 | $173,430 | $235,080 | $348,620 |
Source: Ownwell
Property Tax Bills Across Newell, Sac County, Iowa
Median Newell Tax Bill
$1,526
Median Sac County Tax Bill
$1,376
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Newell, Sac County, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50568 | $1,114 | $1,220 | $1,526 | $2,342 | $3,818 |
Source: Ownwell
