Carthage, Newton County, Missouri Property Taxes

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

Median Carthage, MO effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Carthage, MO home value: $112,000
Median annual Carthage, MO tax bill: $1,305, $1,095 lower than the national median property tax bill of $2,400.

How are property taxes in Newton County calculated?

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

Last Updated March 1, 2025

Carthage, Newton County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$1,310

$1,216

Ownwell’s Carthage Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carthage with just two data points. By entering your property's estimated assessed value, our calculator applies Carthage’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 Newton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Carthage, Newton County, Missouri

Local government entities in Missouri set property tax rates, which can vary widely across the state. This variation happens because each county, including Newton County, estimates its required budget annually to provide essential services. The county then divides this budget by the total assessed value of all taxable property within its jurisdiction to determine the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the annual process in a nutshell.

Carthage, located in Newton County, offers a unique perspective on property taxes within Missouri. The city's effective property tax rate can be compared to other cities in the state and the median tax rates in Missouri and across the United States. Missouri's median property tax rate is 1.17%, which is above the national median of 1.02%. Homeowners in Carthage can benefit from understanding how their property tax rate compares to these benchmarks, potentially identifying opportunities for appeals or exemptions. By staying informed and proactive, property owners in Carthage can navigate the complexities of property taxation more effectively.

Property Tax Rates Across Carthage, Newton County, Missouri

Source: Ownwell

0.88%

1.10%

1.32%

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 Carthage Tax Rate

1.17%

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 Carthage, Newton County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64836	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Carthage, Newton County, Missouri

When examining property taxes in Carthage, 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’s Office 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 Carthage.

For example, the median home price in Carthage is $112,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Carthage, Newton County, Missouri

Source: Ownwell

$30,800

$110,850

$190,900

Median Carthage Market Value

$112,000

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 Carthage, Newton County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64836	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Carthage, Newton County, Missouri

In Carthage, located in Newton County, MO, property tax bills are determined by the assessed value of a home, which is a percentage of the property's market value. The median home price in the area is $112,000. The local property tax rate is applied to this assessed value to calculate the tax bill. In Carthage, property tax bills are consistent across various percentiles, with the 25th, 75th, and 90th percentiles all having a tax bill of $1,305. This is below the national median property tax bill of $2,400, offering a relatively affordable tax burden for homeowners. However, for those looking to further reduce their tax expenses, Ownwell offers valuable services. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially lowering their tax bills. This assistance can lead to significant savings, making homeownership more affordable and manageable in Carthage.

Property Tax Bills Across Carthage, Newton County, Missouri

Source: Ownwell

$311

$1,446

$2,581

Median Carthage Tax Bill

$1,305

Median Newton County Tax Bill

$791

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Carthage, Newton County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64836	N/A	N/A	N/A	N/A	N/A

Source: Ownwell