HomeMy WebLinkAbout2008 - 2025 Tax RatesCounty of Newell Tax Rates 2017 - 2025 2017 2018 2019 2020 2021 2022 2023 2024 2025 Rate Summaries: Residential Total Tax Rate 7.21790 7.14680 7.19711 7.11293 6.96052 7.05707 6.61507 6.27476 6.42770 Non-Residential Total Tax Rate 12.42280 12.70560 12.55991 12.93533 13.01472 13.00837 12.58757 12.65346 12.08390 Farmland Total Tax Rate 7.61080 7.90590 8.65341 9.41013 10.25772 10.35427 10.88587 11.34066 11.64290 Industrial Desi nated Industrial Total Tax Rate 12.42280 12.73978 12.63851 13.01133 13.09132 13.08497 12.66217 12.72996 12.15400 Small Business Total Tax Rate 12.30843 10.91492 10.90857 10.54687 10.43966 10.02140 Breakdown of Rates: Munici al Residential 3.9570 3.9170 3.9698 3.8789 3.6289 3.6289 3.4053 3.7893 3.6400 Munici al Farmland 4.3499 4.6761 5.4261 6.1761 6.9261 6.9261 7.6761 8.8552 8.8552 Munici al Non-Residential 8.0507 8.2306 8.0874 8.1500 8.3994 8.3994 8.1629 8.8552 8.2500 Munici al Small Business 7.5231 6.2996 6.2996 6.1222 6.6414 6.1875 Police Costin Model Ta 0.0538 0.0987 0.1403 0.2011 SFF/Se arate Residential & Farmland 2.5477 2.5166 2.5166 2.5894 2.6408 2.6828 2.4101 2.3861 2.5848 SFF/Se arate Non-Residential 3.6589 3.7618 3.7618 4.1407 3.9245 3.8636 3.6250 3.6989 3.6310 Newell Foundation 0.2132 0.2132 0.21071 0.09083 0.09212 0.10507 0.09857 0.09936 0.20290 Pavin 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 Desi nated Industrial Pro ert Tax Re 0.034178 0.0786 0.0760 0.0766 0.0766 0.0746 0.0765 0.0701 Assessment Mill Rate Tax Dollars 100,000.00$ X 0.00642770$ = 642.77$ (2025 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) 3.64 + School Tax (Residential) 2.5848 + Newell Foundation .2029 to give a tax rate of 6.4277