Goodman, Newton County, Missouri Property Taxes
Median Goodman, MO effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Goodman, MO home value: $44,800
Median annual Goodman, MO tax bill: $491, $1,909 lower than the national median property tax bill of $2,400.
How are property taxes in Newton calculated?
Property taxes in Goodman, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Goodman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Goodman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Goodman, Newton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$479
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Property Tax Rates Across Goodman, Newton County, Missouri
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws influence the setting of tax rates and budgets, this is the annual process in a nutshell.
In Goodman, located in Newton County, Missouri, the effective property tax rate stands at 1.07%. This rate aligns with the highest and lowest median tax rates within the state, indicating a consistency in the tax assessment across different areas in the region. When compared to the national median property tax rate of 1.02%, Goodman's rate is slightly higher, which may impact the overall property tax bills for homeowners. Understanding these rates is crucial for property owners considering buying or selling property in Goodman, as it can affect their financial planning and investment decisions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Goodman Tax Rate
1.07%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Newton County Tax Rate
1.09%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Goodman, Newton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64843 | 1.01% | 1.04% | 1.07% | 1.11% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Goodman, Newton County, Missouri
When examining property taxes in Goodman, MO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Newton County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Newton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Goodman. For example, the median home price in Goodman is $44,800, with tax bills ranging significantly across the county. 64843 has the highest median home price at $44,800.
Property Tax Assessment Values Across Goodman, Newton County, Missouri
Source: Ownwell
$30,800
$110,850
$190,900
Median Goodman Market Value
$44,800
Median Newton County Market Value
$71,800
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Goodman, Newton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64843 | $14,600 | $26,800 | $44,800 | $74,500 | $118,300 |
Source: Ownwell
Property Tax Bills Across Goodman, Newton County, Missouri
In Goodman, located in Newton County, MO, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $44,800, the tax bills can vary significantly. For example, the 25th percentile tax bill is $301, while the 75th percentile reaches $776, and the 90th percentile can be as high as $1,243. Compared to the national median property tax bill of $2,400, homeowners in Goodman generally face lower tax bills. However, the impact on homeowners can still be significant, especially if their assessed value is higher or if they fall into the higher tax bill percentiles.
Ownwell can assist homeowners in Goodman by offering property tax appeal and exemption services. By analyzing the property’s assessed value and comparing it with similar properties, Ownwell identifies potential discrepancies and advocates for a fairer assessment. This can lead to substantial savings on property tax bills, providing homeowners with financial relief and peace of mind.
Median Goodman Tax Bill
$491
Median Newton County Tax Bill
$791
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Goodman, Newton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64843 | $153 | $301 | $491 | $776 | $1,243 |
Source: Ownwell