New Madrid County, Missouri Property Taxes
Property Taxes in New Madrid County, Missouri
Median New Madrid County effective property tax rate: 0.94%, significantly lower than the national median of 1.02%.
Median New Madrid County home value: $58,900
Median annual New Madrid County tax bill: $574, $1,826 lower than the national median property tax bill of $2,400.
How are property taxes in New Madrid County calculated?
Property taxes in New Madrid County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in New Madrid or another part of New Madrid County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
New Madrid County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$554
$514
How Does the New Madrid County Property Tax Calculator Work?
Use this New Madrid County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies New Madrid County's median effective tax rate of 0.94% to generate your estimate.
Enter your property's estimated assessed value — the figure the assessor assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. New Madrid County's median property tax bill is $574, compared with the national median property tax bill of $2,400 and the state median tax rate of 1.25%.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across New Madrid County.
Property Tax Rates Across New Madrid County, Missouri
What Are Effective Property Tax Rates Across New Madrid County?
Local government entities set tax rates, which vary widely across New Madrid County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare New Madrid County's effective property tax rate to other counties in Missouri or the U.S. median of 1.02%.
New Madrid County's median effective rate stands at 0.94%, which is lower than the national median of 1.02%. Within New Madrid County, the highest rate is found in Lilbourn at 1.31%, while East Prairie has the lowest at 0.85%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 Madrid County Tax Rate
0.94%
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 Missouri Tax Rate
1.25%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Madrid County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canalou | 0.99% | 1.00% | 1.00% | 1.01% | 1.02% |
| Catron | 0.81% | 0.86% | 0.99% | 1.02% | 1.08% |
| East Prairie | 0.74% | 0.81% | 0.85% | 0.86% | 0.86% |
| Gideon | 0.84% | 0.98% | 1.00% | 1.01% | 1.02% |
| Kewanee | 0.85% | 0.85% | 0.86% | 0.86% | 0.86% |
| Lilbourn | 0.88% | 1.19% | 1.31% | 1.32% | 1.37% |
| Malden | 0.85% | 1.00% | 1.09% | 1.09% | 1.09% |
| Marston | 0.99% | 1.00% | 1.00% | 1.02% | 1.05% |
| Matthews | 0.85% | 0.87% | 0.90% | 0.91% | 0.91% |
| Morehouse | 1.08% | 1.09% | 1.09% | 1.10% | 1.11% |
| New Madrid | 0.86% | 0.98% | 0.99% | 1.01% | 1.06% |
| Parma | 0.97% | 1.00% | 1.01% | 1.04% | 1.09% |
| Portageville | 0.85% | 0.85% | 0.86% | 0.86% | 0.88% |
| Risco | 1.22% | 1.24% | 1.24% | 1.25% | 1.26% |
| Sikeston | 0.88% | 0.91% | 0.94% | 0.94% | 0.95% |
| Tallapoosa | 1.02% | 1.03% | 1.05% | 1.06% | 1.13% |
| Bernie | N/A | N/A | N/A | N/A | N/A |
| Wardell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across New Madrid County, Missouri
When examining property taxes in New Madrid County, 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 New Madrid 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.
Assessment notices:
In New Madrid 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 New Madrid County.
For example, the median tax bill in New Madrid County is $574, with tax bills ranging significantly across the county. Sikeston has the highest median home price at $122,850.
Property Tax Assessment Values Across New Madrid County, Missouri
Source: Ownwell
$14,250
$68,550
$122,850
Median New Madrid County Market Value
$58,900
Median Missouri Market Value
$136,526
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Madrid County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canalou | $7,910 | $11,775 | $21,250 | $31,500 | $48,410 |
| Catron | $7,430 | $18,500 | $45,900 | $117,250 | $170,550 |
| East Prairie | $40,160 | $61,600 | $100,600 | $159,300 | $227,380 |
| Gideon | $10,360 | $19,750 | $38,100 | $64,250 | $105,740 |
| Kewanee | $29,680 | $42,300 | $55,600 | $76,850 | $109,840 |
| Lilbourn | $14,970 | $31,750 | $48,450 | $70,000 | $98,520 |
| Malden | $51,270 | $60,250 | $88,900 | $152,625 | $184,300 |
| Marston | $9,720 | $17,775 | $31,900 | $57,775 | $81,250 |
| Matthews | $25,350 | $42,575 | $66,600 | $107,450 | $149,400 |
| Morehouse | $11,160 | $18,600 | $27,900 | $45,300 | $58,240 |
| New Madrid | $19,500 | $35,400 | $64,700 | $105,300 | $163,680 |
| Parma | $11,180 | $19,700 | $33,400 | $54,900 | $89,500 |
| Portageville | $21,780 | $37,750 | $63,300 | $94,950 | $158,300 |
| Risco | $14,800 | $21,200 | $34,400 | $53,700 | $74,400 |
| Sikeston | $32,900 | $69,325 | $122,850 | $191,475 | $234,220 |
| Tallapoosa | $4,760 | $8,850 | $14,250 | $20,475 | $33,210 |
| Bernie | N/A | N/A | N/A | N/A | N/A |
| Wardell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across New Madrid County, Missouri
Property tax bills in New Madrid are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value. That means the county first determines what a home is worth, then uses that value to set the tax bill. Factors such as location, property characteristics, and local taxing authorities all influence the final amount homeowners owe.
With a median home price of $58,900, many homeowners in New Madrid face relatively modest bills compared with the national median property tax bill of $2,400. Even so, the amount can vary widely from one property to another. The 25th percentile tax bill is $307, while the 75th percentile reaches $975, and the 90th percentile climbs to $1,682.
For homeowners, this means property taxes can be a meaningful part of annual housing costs, especially when assessed values rise faster than expected.
Median New Madrid County Tax Bill
$574
Median Missouri Tax Bill
$1,684
Median United States Tax Bill
$2,400
Property Tax Bills Across New Madrid County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canalou | $79 | $116 | $214 | $316 | $487 |
| Catron | $74 | $185 | $469 | $1,060 | $1,487 |
| East Prairie | $322 | $518 | $819 | $1,308 | $1,693 |
| Gideon | $104 | $198 | $375 | $607 | $958 |
| Kewanee | $255 | $363 | $478 | $659 | $944 |
| Lilbourn | $184 | $394 | $616 | $844 | $1,128 |
| Malden | $544 | $604 | $785 | $1,591 | $1,890 |
| Marston | $98 | $180 | $318 | $576 | $798 |
| Matthews | $229 | $361 | $594 | $928 | $1,282 |
| Morehouse | $122 | $207 | $305 | $494 | $636 |
| New Madrid | $194 | $351 | $633 | $1,017 | $1,556 |
| Parma | $111 | $200 | $342 | $544 | $952 |
| Portageville | $188 | $327 | $544 | $815 | $1,338 |
| Risco | $184 | $269 | $439 | $667 | $924 |
| Sikeston | $324 | $640 | $1,127 | $1,797 | $2,198 |
| Tallapoosa | $50 | $96 | $148 | $213 | $343 |
| Bernie | N/A | N/A | N/A | N/A | N/A |
| Wardell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 13 |
Links | |
|---|---|
| New Madrid Tax Assessor | |
| Website | newmadridmo.devnetwedge.com |