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Here is a look into the future of Jasper County Property taxes if they continue to increase for the next 30 years as they
have in the last 10 years.
Right now in Newton taxes are 63.59% as much as a 30 year mortgage, in around 15 years at the current rate of
increase taxes will surpass the mortgage payment unless changes are made.
Property taxes on a $130,000 house located in Newton are compared to a 30 year 80% loan at 4.5% using the tax assessors
"fair cash value" as home value with taxes increasing 56.8% and property values increasing 18.35% every 10 years like they
did in the last 10.
fair cash value 80% loan value yearly taxes monthly taxes mortgage taxes as % of mortgage
2019 $130,000.00 $104,000.00 $4,021.71 $335.14 $527.00 63.59%
2029 $153,855.00 $123,084.00 $6,306.04 $525.50 $624.00 84.22%
2039 $182,087.39 $145,669.91 $9,887.87 $823.99 $738.00 111.65%
2049 $215,500.43 $172,400.34 $15,504.18 $1,292.02 $874.00 147.83%