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Updated 2025 Tax Year

New Madrid County
Property Tax Guide

Everything you need to know about property taxes in New Madrid County, MO. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
Approximately 1% of assessed value, varies by taxing district and location within county
1st Due
Dec 31
Exemptions
5+ Available
Section 1

How Property Tax Works

New Madrid County, Missouri operates under the state's property tax system, which funds essential local services including schools, fire protection, law enforcement, road maintenance, and county operations. Property taxes in Missouri are administered at the county level, with the New Madrid County Assessor responsible for determining property values and the County Collector handling tax collection and distribution to various taxing districts.

Property tax rates in New Madrid County vary by location within the county due to overlapping special taxing districts such as school districts, fire protection districts, ambulance districts, and municipal boundaries. The effective tax rate typically ranges around Missouri's statewide average of approximately 1% of assessed value, though specific rates depend on which combination of taxing districts serve your property. Property owners should note that Missouri assesses residential property at 19% of true market value, meaning a $300,000 home would have an assessed value of approximately $57,000 for tax calculation purposes.

Section 2

What Makes Up Your Tax Bill

ComponentRate RangeDescription
County General~$0.50-0.70Basic county services, roads, courts
School District~$3.50-4.50Local school district operations and debt service
Fire Protection~$0.30-0.50Fire department services and equipment
Ambulance District~$0.20-0.40Emergency medical services
Library District~$0.15-0.25Public library system funding
City/Municipal~$0.50-1.00Municipal services (if within city limits)
Total Estimated~$5.15-7.35Per $100 of assessed value

Rates shown are estimates per $100 of assessed value for the 2025 tax year. Actual rates vary significantly based on your property's specific location and applicable taxing districts. Contact the New Madrid County Assessor's office for exact rates applicable to your property.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in New Madrid County, property taxes are due in two installments:

First Installment
Dec 31
Delinquent after Dec 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in New Madrid County are typically triggered by significant changes in property ownership, new construction, or major improvements that increase a property's assessed value mid-tax year. When these events occur, the county may issue a supplemental tax bill to account for the increased value for the remainder of the current tax year.

For example, if you complete a $50,000 home addition in June, the county assessor will determine the increased assessed value (typically 19% of the improvement value, or about $9,500). A supplemental tax would then be calculated on this additional assessed value, prorated for the remaining months of the tax year. If your total tax rate is $6.00 per $100 of assessed value, the additional annual tax would be approximately $570, with about half that amount due for the partial year depending on the timing of completion.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (19%): $57,000
  • Senior Tax Credit Applied: -$1,000 (if eligible, application required)
  • Net Taxable Assessed Value: $56,000
  • Annual Tax (at $6.00 rate): $3,360
  • Monthly Escrow: $280

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (19%): $114,000
  • Homestead Tax Credit Applied: -$1,200 (if eligible, application required)
  • Net Taxable Assessed Value: $112,800
  • Annual Tax (at $6.00 rate): $6,768
  • Monthly Escrow: $564

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (19%): $190,000
  • No Credits Applied: $0
  • Net Taxable Assessed Value: $190,000
  • Annual Tax (at $6.50 rate): $12,350
  • Monthly Escrow: $1,029

Tax credits shown require annual application and eligibility verification. Rates used are estimates and actual rates vary by taxing districts.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in New Madrid County require property tax escrow accounts, where monthly payments are collected along with your mortgage payment and held until tax bills are due. Lenders typically collect 1/12th of your estimated annual property tax bill each month, plus a cushion amount (usually 2 months' worth) to ensure sufficient funds are available when taxes come due.

Property taxes in Missouri are generally due by December 31st each year, though New Madrid County may have specific due dates that vary. Your mortgage servicer will receive tax bills directly from the county and pay them on your behalf from the escrow account. If you pay taxes independently, you'll receive bills directly from the New Madrid County Collector's office. Property owners should verify their escrow account balances annually and understand that escrow payments may increase or decrease based on changes in assessed values or tax rates, requiring servicers to provide annual escrow analysis statements.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in New Madrid County for the current fiscal year? A: Due to recent weather-related disasters, the IRS has granted extensions for affected taxpayers in New Madrid County. Current deadlines have been extended, with some relief periods extending to March 30, 2026. Contact the New Madrid County Collector's office for specific due dates as they may vary from the standard Missouri schedule.

Q: What tax credits are available and do I need to apply? A: Missouri offers several tax credits including the Senior Citizens Tax Credit (for those 65+ with household income under $70,000), Disabled Persons Tax Credit, and Veterans Tax Credits. All credits require annual application and are NOT automatic. Applications must typically be filed with the county assessor by specified deadlines.

Q: How does the Homestead Tax Credit work? A: Missouri's homestead provisions primarily limit assessment increases rather than providing direct credits. For eligible seniors and disabled individuals, you can defer tax increases beyond the previous year's amount. This requires application between January 1st and October 15th of the first year you claim the deferral.

Q: How often are properties reassessed in New Madrid County? A: Missouri law requires properties to be reassessed every odd-numbered year, with the next county-wide reassessment occurring in 2025. However, assessors may adjust values more frequently if significant changes occur to individual properties.

Q: What happens if I pay my property taxes late? A: Late property tax payments in Missouri typically incur penalties and interest charges. The specific penalty structure and interest rates are set by state law and may include additional collection costs. Contact the New Madrid County Collector's office immediately if you cannot meet payment deadlines.

Q: Can I pay my property taxes online? A: Many Missouri counties offer online payment options through their collector's office websites. Check the New Madrid County Collector's official website or call their office to verify available online payment methods and any associated convenience fees.

Q: How do special district taxes affect my bill? A: Your property tax bill includes levies from all taxing districts that serve your property location - county, school district, fire district, library district, and municipal taxes if applicable. Each district sets its own tax rate, so identical homes in different parts of the county may have different total tax bills.

Q: How do I appeal my property assessment? A: Assessment appeals in Missouri must typically be filed with the County Board of Equalization by a specific deadline, usually in August following the assessment year. You'll need evidence supporting your claim that the assessed value exceeds fair market value, such as recent appraisals, comparable sales, or evidence of property defects.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
City of New Madridnew-madrid.mo.us
02
Tax Doc
Sales and Use Tax Rate Tablesdor.mo.gov
03
State
2025 Property Tax Rate Report - Missouri State Auditor's Officeauditor.mo.gov
04
various deadlines postponed to March 30, 2026irs.gov
05
Resource Directory | New Madrid, MO - Official Websitenew-madrid.mo.us
06
Tax Doc
Missouri Department of Revenue Provides Tax Relief for ...dor.mo.gov
07
Homestead exemptionsenate.mo.gov
08
Tax Doc
IRS announces tax relief for taxpayers impacted by severe ...irs.gov
09
Tax Doc
Property Tax Credit - Missouri Department of Revenuedor.mo.gov
10
Current Status of House Billshouse.mo.gov
All sources verified as of 2025 Tax Year

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