New Boston, Macon County, Missouri Property Taxes
The median property tax rate in New Boston, MO is 0.95%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in New Boston at $52,570, the typical annual property tax bill comes to $545, which is well below the national median of $2,690. Property taxes in New Boston are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Boston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of New Boston or another part of Macon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Boston, Macon County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$499
$463
Ownwell’s New Boston Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in New Boston with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in New Boston to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, scroll down for more localized information. Your property’s assessed value is the value assigned by Macon County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across New Boston, Macon County, Missouri
Property taxes in New Boston, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Boston is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within New Boston set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Boston estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares New Boston's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63557 zip code has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with New Boston provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Boston Tax Rate
0.95%
Average Macon County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Boston, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63557 | 0.81% | 0.88% | 0.95% | 1.10% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across New Boston, Macon County, Missouri
In New Boston, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Macon County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In New Boston, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price is $52,570, with tax bills ranging from $424 at the 25th percentile to $1,053 at the 90th percentile. The zip code with the highest and lowest median tax bill is 63557, both at $545. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across New Boston, Macon County, Missouri
Source: Ownwell
$29,158
$62,873
$96,588
Average New Boston Assessed Value
$52,570
Average Macon County Assessed Value
$49,737
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Boston, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63557 | $36,920 | $45,000 | $52,570 | $77,184 | $95,309 |
Source: Ownwell
Property Tax Bills Across New Boston, Macon County, Missouri
In New Boston, located in Macon County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The process begins with the local assessor determining the market value of your home, which in New Boston has a median home price of $52,570. The assessed value is then multiplied by the local tax rate to determine your annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, tax bills in New Boston range from the 25th percentile at $424 to the 75th percentile at $712, with the 90th percentile reaching $1,053. This range indicates that while some homeowners may find their tax bills manageable, others might face a more significant financial commitment. Compared to the national median property tax rate of 0.99%, New Boston's property taxes can be considered relatively moderate, yet they still represent a considerable expense for homeowners.
Average New Boston Tax Bill
$545
Average Macon County Tax Bill
$506
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across New Boston, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63557 | $312 | $424 | $545 | $712 | $1,053 |
Source: Ownwell