New Bloomfield, Morgan County, Missouri Property Taxes

Name: Property Tax Bills Across New Bloomfield, Morgan County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median New Bloomfield, MO effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median New Bloomfield, MO home value: $12,900
Median annual New Bloomfield, MO tax bill: $100, $2,300 lower than the national median property tax bill of $2,400.

How are property taxes in Morgan County calculated?

Property taxes in New Bloomfield, 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 Bloomfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Bloomfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

New Bloomfield, Morgan County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$108

$101

Ownwell’s New Bloomfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Bloomfield with just two data points. By entering your property's estimated assessed value, our calculator applies New Bloomfield’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Morgan County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Bloomfield, Morgan County, Missouri

Local government entities in Missouri determine property tax rates, and these can differ significantly across counties. Each year, counties like Morgan estimate the budget needed for essential services and divide this by the total assessed value of all taxable properties within their jurisdiction. This process results in the property tax rate. Although votes and legal regulations play a role in determining tax rates and budgets, this is essentially how the annual calculation is performed. In New Bloomfield, located in Morgan County, the effective property tax rate is 0.84%, which is below both the Missouri state median and the national median property tax rate of 1.02%. This offers a more favorable tax environment compared to many areas across the country. With the national median property tax bill at $2,400, residents in New Bloomfield generally benefit from lower property tax obligations, making it an attractive place for property owners looking to minimize their tax burden.

Property Tax Rates Across New Bloomfield, Morgan County, Missouri

Source: Ownwell

0.69%

1.35%

2.01%

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 Bloomfield Tax Rate

0.84%

Median Effective Morgan County Tax Rate

0.87%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Bloomfield, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65063	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across New Bloomfield, Morgan County, Missouri

When examining property taxes in New Bloomfield, 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 Morgan 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 Morgan 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 Bloomfield. For example, the median home price in New Bloomfield is $12,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across New Bloomfield, Morgan County, Missouri

Source: Ownwell

$1,750

$74,875

$148,000

Median New Bloomfield Market Value

$12,900

Median Morgan County Market Value

$49,350

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Bloomfield, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65063	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across New Bloomfield, Morgan County, Missouri

In New Bloomfield, located in Morgan County, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For homeowners in New Bloomfield, the median home price is $12,900, significantly lower than the national median. This results in a property tax bill that can vary widely. At the 25th percentile, homeowners might pay around $74, while those at the 90th percentile could see bills as high as $1,016. These figures reflect the range of property tax burdens in the area, influenced by factors such as property size, location, and local government budget needs.

Homeowners often find these taxes a financial burden, especially when their property's assessed value increases. This is where Ownwell steps in, offering expert property tax appeal services to help homeowners potentially lower their tax bills. By reviewing assessments and filing appeals, Ownwell can ensure that homeowners are not overpaying, thus providing significant savings and peace of mind.

Property Tax Bills Across New Bloomfield, Morgan County, Missouri

Source: Ownwell

$15

$659

$1,303

Median New Bloomfield Tax Bill

$100

Median Morgan County Tax Bill

$420

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across New Bloomfield, Morgan County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65063	N/A	N/A	N/A	N/A	N/A

Source: Ownwell