Taxable valuations in Newton fell by more than $9 million with overall valuations countywide dropping by nearly $19 million, information produced by the Jasper County Auditor's Office and filed with the state today show.
Taxable values in Newton dropped 2.06 percent to $441.5 million in the current year. That's down from $450.8 million last year, which was a slight increase from the $449.1 million seen the year before.
The taxable values are used by local taxing jurisdictions to calculate property tax rates as they prepare budgets for the coming fiscal year.
Countywide, Jasper County taxable values dropped 1.34 perent to 1.391.0 billion from $1.409.9 billion the year before. Rural urban taxable values were $648.9 million down 1.65 percent from the $659.8 million recorded the year before. Rural ag taxable values were $742 million, down 1.06 percent from $750.1 million the year before.
Taxable values in the Newton School District were down roughly $10 million, from $698.4 million last year to $688.5 million in the current year.