New Boston, Linn County, Missouri Property Taxes
Median New Boston, MO effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median New Boston, MO home value: $43,000
Median annual New Boston, MO tax bill: $420, $1,980 lower than the national median property tax bill of $2,400.
How are property taxes in Linn County calculated?
Property taxes in New Boston, 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 New Boston’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Boston, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Boston, Linn County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.99%
Estimate Property Tax Bill
$426
$395
Property Tax Rates Across New Boston, Linn County, Missouri
Local government entities determine tax rates, which can differ significantly within a state. Every year, counties estimate their necessary budget to provide services and then divide that by the total value of all taxable property in their area. This calculation results in the property tax rate. While votes and laws play a role in establishing tax rates and budgets, this is essentially the annual process.
In New Boston, part of Linn County in Missouri, the effective property tax rate stands at 0.99%, which is slightly below the national median rate of 1.02%. This means that homeowners in New Boston generally pay less in property taxes compared to the national average. However, it's important to note that Missouri's property tax rate can vary within the state. Comparing these figures can provide valuable insights for homeowners and potential buyers, helping them make informed decisions about where to invest in property. By understanding these differences, residents can better anticipate their financial obligations and explore opportunities for appealing or reducing their property tax burden.
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 New Boston Tax Rate
0.99%
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 Linn County Tax Rate
1.13%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Boston, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63557 | 0.77% | 0.87% | 0.99% | 1.19% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across New Boston, Linn County, Missouri
When examining property taxes in New Boston, 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 Linn County appraisal district 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 Linn County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 New Boston. For example, the median home price in New Boston is $43,000, with tax bills ranging significantly across the county. Zip code 63557 has the highest median home price at $43,000.
Property Tax Assessment Values Across New Boston, Linn County, Missouri
Source: Ownwell
$9,900
$40,150
$70,400
Median New Boston Market Value
$43,000
Median Linn County Market Value
$25,200
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Boston, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63557 | $6,660 | $15,500 | $43,000 | $82,300 | $148,900 |
Source: Ownwell
Property Tax Bills Across New Boston, Linn County, Missouri
Median New Boston Tax Bill
$420
Median Linn County Tax Bill
$264
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across New Boston, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63557 | $67 | $134 | $420 | $878 | $1,512 |
Source: Ownwell