2007 Property Tax Rates: Newton County, IN

Summary
Statistics		 Gross Rate Net Rate
Newton County The State Newton County The State
Highest3.6845 8.3447 2.7616 6.7507
Lowest2.3848 0.9065 1.7439 0.6181
Median2.66 2.45 1.98 1.86
Newton County Detail Gross Rate State Property Tax Replacement Credit Net Rate
District Name Rate Rank Rate Rank Rate Rank
001 Beaver Township 2.6647 701 25.5984 691 1.9826 771
002 Morocco Corp (Beaver) 3.0663 387 25.3299 760 2.2896 466
003 Colfax Township 2.3848 1096 26.8750 487 1.7439 1177
004 Grant Township 2.6539 714 27.0322 473 1.9365 827
005 Goodland Corp (Grant) 3.3498 245 25.4522 724 2.4972 305
006 Iroquois Township 2.7235 638 26.5390 547 2.0007 755
007 Brook Corp (Iroquois) 3.6845 134 25.0484 827 2.7616 180
008 Jackson Township 2.4173 1042 26.7792 506 1.7700 1143
009 Mount Ayr Corp (Jackson) 2.8520 544 25.7857 660 2.1166 616
010 Jefferson Township 2.6497 721 27.0284 474 1.9335 831
011 Kentland Corp (Jefferson) 3.0959 375 25.8707 643 2.2950 462
012 Lake Township 2.5415 836 26.1742 599 1.8763 932
013 Lincoln Township 2.4589 967 26.4468 565 1.8086 1071
014 McClellan Township 2.4558 970 26.6608 526 1.8011 1094
015 Washington Township 2.7256 636 26.6895 523 1.9982 758

Notes

  1. With the 2002 reassessment, Indiana changed from "true tax value" to "market based value". As a result, rates will vary significantly from previous years. This does not necessarily indicate significant changes in taxes levied.
  2. Ranks are among 1,967 taxing districts so far reported.
  3. SPTRC is State Property Tax Replacement Credit.
  4. Net rate is derived as follows: multiply state property tax replacement factor (SPTRC) by .01, subtract this number from 1; multiply gross rate by the result.
  5. The replacement factor determines by how much money the tax bill is lowered by fund transfers from the State of Indiana.
  6. Net rate does not reflect possible homestead, special case, or county-specific credits.
  7. The source agency for these rates is the Indiana Department of Local Government Finance and specific tax related questions should be addressed to their office.

File produced: May 22, 2009

Source: Indiana Department of Local Government Finance
Data organized and made accessible by the Indiana Business Research Center at Indiana University's Kelley School of Business via STATS Indiana.