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HomeMy WebLinkAbout2008 - 2025 Tax RatesCounty of Newell Tax Rates 2017 - 2026 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Rate Summaries: Residential Total Tax Rate 7.21790 7.14680 7.19711 7.11293 6.96052 7.05707 6.61507 6.27476 6.42770 6.15939 Non-Residential Total Tax Rate 12.42280 12.70560 12.55991 12.93533 13.01472 13.00837 12.58757 12.65346 12.08390 12.49249 Farmland Total Tax Rate 7.61080 7.90590 8.65341 9.41013 10.25772 10.35427 10.88587 11.34066 11.64290 11.65459 Industrial Designated Industrial Total Tax Rate 12.42280 12.73978 12.63851 13.01133 13.09132 13.08497 12.66217 12.72996 12.15400 12.56529 Small Business Total Tax Rate 12.30843 10.91492 10.90857 10.54687 10.43966 10.02140 10.44099 Breakdown of Rates: Municipal (Residential)3.9570 3.9170 3.9698 3.8789 3.6289 3.6289 3.4053 3.7893 3.6400 3.3600 Municipal (Farmland)4.3499 4.6761 5.4261 6.1761 6.9261 6.9261 7.6761 8.8552 8.8552 8.8552 Municipal (Non-Residential)8.0507 8.2306 8.0874 8.1500 8.3994 8.3994 8.1629 8.8552 8.2500 8.2060 Municipal (Small Business)7.5231 6.2996 6.2996 6.1222 6.6414 6.1875 6.1545 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 2.5848 2.6021 ASFF/Separate (Non-Residential)3.6589 3.7618 3.7618 4.1407 3.9245 3.8636 3.6250 3.6989 3.6310 4.0892 Newell Foundation 0.2132 0.2132 0.21071 0.09083 0.09212 0.10507 0.09857 0.09936 0.20290 0.19729 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 0.0701 0.0728 Assessment Mill Rate Tax Dollars 100,000.00$ X 0.00615939$ = 615.94$ (2026 Tax Rates listed above) 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) 3.36 + School Tax (Residential) 2.6021 + Newell Foundation 0.19729 to give a tax rate of 6.15939