Newton County, Missouri Property Taxes
The median property tax rate in Newton is 1.09%, which is slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Newton, the typical annual property tax bill is $791, significantly below the national median of $2,690. Property taxes in Newton are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Newton's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Neosho or another part of Newton, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$783
$726
Ownwell’s Newton County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newton County with just two data points. By entering your property's estimated assessed value, our calculator utilizes the median tax rate in Newton County to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, ensuring you can plan your finances more effectively. To explore property tax trends at a more granular level, simply scroll down to navigate to city-specific informational pages. Remember, your property's assessed value is determined by the county for tax purposes and incorporates any applicable exemptions.
Property Tax Rates Across Newton County, Missouri
Property taxes in Newton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Newton County is 1.09%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Newton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Newton County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Newton County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Loma Linda has one of the higher property tax rates in Missouri at 1.32%, while the city of Sarcoxie boasts one of the lowest at 0.88%. Analyzing how Newton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Newton County Tax Rate
1.09%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newton County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carthage | N/A | N/A | N/A | N/A | N/A |
| Diamond | 1.06% | 1.11% | 1.16% | 1.21% | 1.30% |
| Fairview | 1.02% | 1.10% | 1.14% | 1.16% | 1.24% |
| Goodman | 1.01% | 1.04% | 1.07% | 1.11% | 1.21% |
| Granby | 0.93% | 0.97% | 0.99% | 1.03% | 1.10% |
| Jones | N/A | N/A | N/A | N/A | N/A |
| Joplin | 0.88% | 0.90% | 1.01% | 1.15% | 1.22% |
| Loma Linda | 1.32% | 1.32% | 1.32% | 1.35% | 1.50% |
| Neosho | 1.05% | 1.07% | 1.10% | 1.14% | 1.29% |
| Newtonia | N/A | N/A | N/A | N/A | N/A |
| Pierce City | 0.92% | 0.94% | 0.96% | 0.99% | 1.60% |
| Purdy | N/A | N/A | N/A | N/A | N/A |
| Racine | N/A | N/A | N/A | N/A | N/A |
| Rocky Comfort | 0.94% | 1.00% | 1.09% | 1.10% | 1.23% |
| Saginaw | N/A | N/A | N/A | N/A | N/A |
| Sarcoxie | 0.83% | 0.83% | 0.88% | 1.06% | 1.12% |
| Seneca | 1.04% | 1.11% | 1.15% | 1.19% | 1.27% |
| Sikeston | N/A | N/A | N/A | N/A | N/A |
| Stark City | 0.93% | 0.97% | 0.99% | 1.02% | 1.06% |
| Stella | 0.95% | 0.96% | 1.00% | 1.03% | 1.06% |
| Wentworth | 0.88% | 0.95% | 1.00% | 1.03% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Newton County, Missouri
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Newton. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Newton Appraisal District. The assessed value, however, 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. Assessment notices in Newton are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Sikeston has the highest median tax bill in the county at $6,967, while Jones has the lowest at $245. Being aware of these valuation processes in Newton will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Newton County Assessed Value
$71,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newton County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carthage | N/A | N/A | N/A | N/A | N/A |
| Diamond | $21,460 | $40,800 | $65,200 | $95,400 | $124,120 |
| Fairview | $10,780 | $21,325 | $35,750 | $55,675 | $69,520 |
| Goodman | $14,600 | $26,800 | $44,800 | $74,500 | $118,300 |
| Granby | $14,900 | $26,600 | $42,800 | $63,600 | $86,420 |
| Jones | N/A | N/A | N/A | N/A | N/A |
| Joplin | $43,310 | $70,675 | $111,100 | $178,800 | $302,590 |
| Loma Linda | $115,170 | $144,875 | $190,900 | $230,500 | $287,220 |
| Neosho | $24,990 | $40,300 | $65,150 | $103,500 | $141,610 |
| Newtonia | N/A | N/A | N/A | N/A | N/A |
| Pierce City | $9,600 | $22,150 | $48,700 | $81,225 | $166,350 |
| Purdy | N/A | N/A | N/A | N/A | N/A |
| Racine | N/A | N/A | N/A | N/A | N/A |
| Rocky Comfort | $9,650 | $30,350 | $45,600 | $55,075 | $92,290 |
| Saginaw | N/A | N/A | N/A | N/A | N/A |
| Sarcoxie | $29,690 | $44,500 | $87,600 | $111,300 | $168,760 |
| Seneca | $19,720 | $34,100 | $56,200 | $84,800 | $116,780 |
| Sikeston | N/A | N/A | N/A | N/A | N/A |
| Stark City | $18,650 | $29,925 | $45,550 | $69,600 | $94,320 |
| Stella | $9,340 | $20,600 | $30,800 | $55,800 | $78,940 |
| Wentworth | $9,400 | $24,200 | $35,000 | $51,400 | $90,640 |
Source: Ownwell
Property Tax Bills Across Newton County, Missouri
In Newton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. The county's property tax rate is pivotal in this calculation, influencing the final amount homeowners owe. Factors such as the home's location, size, and market conditions play a significant role in determining its market value. For instance, the median home price in Newton County is $71,800. Homeowners in this county can expect their tax bills to vary widely, with the 25th percentile at $465 and the 75th percentile at $1,305. At the 90th percentile, property tax bills can reach up to $2,048. This system ensures that property taxes are proportional to the property's value, affecting homeowners differently based on their property's assessed value. Comparatively, the national median property tax rate stands at 0.99%, making it essential for Newton County homeowners to understand these factors to manage their financial obligations effectively.
Average Newton County Tax Bill
$791
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Newton County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Carthage | N/A | N/A | N/A | N/A | N/A |
| Diamond | $265 | $479 | $786 | $1,080 | $1,422 |
| Fairview | $122 | $215 | $412 | $628 | $777 |
| Goodman | $153 | $301 | $491 | $776 | $1,243 |
| Granby | $147 | $280 | $436 | $642 | $865 |
| Jones | N/A | N/A | N/A | N/A | N/A |
| Joplin | $452 | $724 | $1,176 | $1,851 | $3,156 |
| Loma Linda | $1,604 | $2,065 | $2,581 | $3,142 | $3,949 |
| Neosho | $304 | $469 | $747 | $1,164 | $1,597 |
| Newtonia | N/A | N/A | N/A | N/A | N/A |
| Pierce City | $110 | $341 | $657 | $888 | $1,806 |
| Purdy | N/A | N/A | N/A | N/A | N/A |
| Racine | N/A | N/A | N/A | N/A | N/A |
| Rocky Comfort | $111 | $351 | $456 | $587 | $1,002 |
| Saginaw | N/A | N/A | N/A | N/A | N/A |
| Sarcoxie | $317 | $460 | $784 | $1,136 | $1,395 |
| Seneca | $235 | $395 | $651 | $970 | $1,354 |
| Sikeston | N/A | N/A | N/A | N/A | N/A |
| Stark City | $195 | $307 | $453 | $710 | $943 |
| Stella | $89 | $209 | $311 | $562 | $785 |
| Wentworth | $79 | $245 | $357 | $517 | $901 |
Source: Ownwell