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New Sharon, Iowa property tax

Median property tax, home value and effective rate (Census 2020–2024)

Updated Oct 17, 2026, 1:57 AM ET
Effective property tax rate
1.45%

Homeowners in New Sharon, Iowa paid a median $1,938 a year in property tax on a median home worth $133,600, an effective rate of about 1.45% (Census 2020–2024).

Census ACS 2020–2024 5-year medians

#374 lowest of 587Iowa places we cover

1.32%Mahaska County overall
Median tax paid
$1,938
per year, 2020–24
Median home value
$133,600
owner-occupied
Effective rate
1.45%
tax ÷ value
Tax vs. income
4.0%
of $48,750 median household income
Owner costs
$1,125/mo
median with a mortgage, incl. tax & insurance

New Sharon vs county, state and US

Effective rate

New Sharon1.45%
Mahaska County1.32%
Iowa1.39%
United States0.94%

Median tax paid per year

New Sharon$1,938
Mahaska County$2,077
Iowa$2,897
United States$3,119

Tax on a home in New Sharon

At the local 1.45% effective rate

Home valueEstimated yearly taxPer month
$150,000$2,176$181
$250,000$3,626$302
$350,000$5,077$423
$500,000$7,253$604

Buying a home in Mahaska County? 2026 loan limits

Nearby and related

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, tables B25103 (median real estate taxes paid), B25077 (median home value), B25003, B25088, B19013 and B01003. These are 2020–2024 medians reported by owner-occupants, not 2026 tax bills or official mill rates. The effective rate here is median tax ÷ median home value. Actual bills depend on assessed value, exemptions (homestead, senior, veteran) and local levies. Check with your county assessor or treasurer. Not tax advice.

Frequently asked questions

What is the property tax rate in New Sharon, Iowa?

Homeowners in New Sharon, Iowa paid a median $1,938 a year in property tax on a median home worth $133,600, an effective rate of about 1.45% (Census 2020–2024).

How much is property tax on a $250,000 home in New Sharon?

About $3,626 a year at the 1.45% median effective rate. Exemptions such as homestead can lower it.

Is property tax in New Sharon higher than the rest of Iowa?

New Sharon ranks #374 lowest of 587 Iowa places we track. The statewide effective rate is 1.39%. Mahaska County overall is 1.32%.