New Cambria, Macon County, Missouri Property Taxes
The median property tax rate in New Cambria, MO is 1.10%, which is higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in New Cambria at $67,302, the typical annual property tax bill reaches $815, exceeding the national median of $2,690. Property taxes in New Cambria 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 Cambria'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 Cambria or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Cambria, Macon County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$740
$687
Ownwell’s New Cambria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Cambria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Cambria to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across New Cambria, Macon County, Missouri
Property taxes in New Cambria, Missouri, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in New Cambria is 1.10%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within New Cambria set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Cambria 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 Cambria's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63558 has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with New Cambria 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 Cambria Tax Rate
1.10%
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 Cambria, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63558 | 0.84% | 0.94% | 1.10% | 1.23% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across New Cambria, Macon County, Missouri
In New Cambria, 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 Assessor 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 Cambria, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in New Cambria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in New Cambria are both $815, found in the 63558 zip code.
Property Tax Assessment Values Across New Cambria, Macon County, Missouri
Source: Ownwell
$29,158
$62,873
$96,588
Average New Cambria Assessed Value
$67,302
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 Cambria, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63558 | $23,052 | $38,330 | $67,302 | $116,785 | $227,781 |
Source: Ownwell
Property Tax Bills Across New Cambria, Macon County, Missouri
In New Cambria, located in Macon County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in New Cambria is $67,302. Homeowners can expect their property tax bills to vary widely, with the 25th percentile tax bill at $428 and the 75th percentile tax bill at $1,258. The 90th percentile tax bill can reach up to $2,071. These tax bills are influenced by several factors including the assessed value of the property, local tax rates, and any applicable exemptions. The highest and lowest median tax bills in New Cambria are both reported at $815, suggesting a uniformity in certain areas within the zip code 63558. Compared to the national median property tax rate of 0.99%, New Cambria's tax rates offer a range of affordability, impacting homeowners differently depending on the assessed value of their properties. This variability can significantly affect annual financial planning for homeowners in the region.
Average New Cambria Tax Bill
$815
Average Macon County Tax Bill
$506
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across New Cambria, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63558 | $243 | $428 | $815 | $1,258 | $2,071 |
Source: Ownwell