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HomeMy WebLinkAbout2017-2024 Tax RatesCounty of Newell Tax Rates 2017 - 2024 2017 2018 2019 2020 2021 2022 2023 2024 Rate Summaries: Residential Total Tax Rate 7.21790 7.14680 7.19711 7.11293 6.96052 7.05707 6.61507 6.27476 Non-Residential Total Tax Rate 12.42280 12.70560 12.55991 12.93533 13.01472 13.00837 12.58757 12.65346 Farmland Total Tax Rate 7.61080 7.90590 8.65341 9.41013 10.25772 10.35427 10.88587 11.34066 Industrial Designated Industrial Total Tax Rate 12.42280 12.73978 12.63851 13.01133 13.09132 13.08497 12.66217 12.72996 Small Business Total Tax Rate 12.30843 10.91492 10.90857 10.54687 10.43966 Breakdown of Rates: Municipal (Residential)3.9570 3.9170 3.9698 3.8789 3.6289 3.6289 3.4053 3.7893 Municipal (Farmland)4.3499 4.6761 5.4261 6.1761 6.9261 6.9261 7.6761 8.8552 Municipal (Non-Residential)8.0507 8.2306 8.0874 8.1500 8.3994 8.3994 8.1629 8.8552 Municipal (Small Business)7.5231 6.2996 6.2996 6.1222 6.6414 Police Costing Model Tax 0.0538 0.0987 0.1403 0.2011 ASFF/Separate (Residential & Farmland)2.5477 2.5166 2.5166 2.5894 2.6408 2.6828 2.4101 2.3861 ASFF/Separate (Non-Residential)3.6589 3.7618 3.7618 4.1407 3.9245 3.8636 3.6250 3.6989 Newell Foundation 0.2132 0.2132 0.21071 0.09083 0.09212 0.10507 0.09857 0.09936 Paving 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 Designated Industrial Property Tax Req 0.034178 0.0786 0.0760 0.0766 0.0766 0.0746 0.0765 Assessment Mill Rate Tax Dollars 100,000.00$ X 0.00627476$ = 627.48$ Need Help with the Math? Taxes are calculated using Mill Rates, each mill is one-thousandth of a currency unit, one mill is equivalant to one-tenth of a cent or $0.001. For a residential example , add the Municipal (Residential) 3.7893 + School Tax (Residential) 2.3861 + Newell Foundation .09936 to give a tax rate of 6.27476 (2024 Tax Rates listed above)