Neosho, Newton County, Missouri Property Taxes
Median Neosho, MO effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Neosho, MO home value: $65,150
Median annual Neosho, MO tax bill: $747, $1,653 lower than the national median property tax bill of $2,400.
How are property taxes in Newton County calculated?
Property taxes in Neosho, 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 Neosho’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Neosho, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Neosho, Newton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$717
$665
Property Tax Rates Across Neosho, Newton County, Missouri
Local government entities set tax rates, which can vary widely within a state. Each county 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. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Neosho’s effective property tax rate to other cities in Missouri and the median property tax rates in Missouri and the U.S.
Neosho, located in Newton County, has a median property tax rate of 1.10%, aligning with the highest and lowest rates in the area. This rate is slightly above the national median of 1.02%, indicating a relatively moderate tax environment. Homeowners in Neosho may find the property tax rate here comparable to other regions in Missouri, yet slightly higher than the national average. Understanding these rates can help residents anticipate their property tax bills and make informed decisions about property ownership in the area.
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 Neosho Tax Rate
1.10%
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 Neosho, Newton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64850 | 1.05% | 1.07% | 1.10% | 1.14% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Neosho, Newton County, Missouri
When examining property taxes in Neosho, Missouri, 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 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 Newton 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 Neosho.
For example, the median home price in Neosho is $65,150, with tax bills ranging significantly across the county. Zip code 64850 has the highest median home price at $65,150.
Property Tax Assessment Values Across Neosho, Newton County, Missouri
Source: Ownwell
$30,800
$110,850
$190,900
Median Neosho Market Value
$65,150
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 Neosho, Newton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64850 | $24,990 | $40,300 | $65,150 | $103,500 | $141,610 |
Source: Ownwell
Property Tax Bills Across Neosho, Newton County, Missouri
Median Neosho Tax Bill
$747
Median Newton County Tax Bill
$791
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Neosho, Newton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64850 | $304 | $469 | $747 | $1,164 | $1,597 |
Source: Ownwell