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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in New Madrid County, Missouri

New Madrid County has an effective property tax rate of 0.73%. On the median home value of $111,800, that's roughly $814 per year. Median household income is $51,881.

Effective Property Tax Rate1
0.73%
median tax $814 ÷ median home $111,800
Median Home Value1
$111,800
owner-occupied
Median Household Income1
$51,881
per-capita $30,377
Est. Annual Tax on Median Home1
$814
at 0.73% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricNew Madrid CountyMissouri (state context)
Effective property tax rate10.73%0.70%
Median home value1$111,800—
State income tax3top rate 4.80%top rate 4.80%
State sales tax38.44% combined8.44% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About New Madrid County, MO

New Madrid County's effective property tax rate of 0.728% edges past Missouri's statewide median of 0.705%, placing it 51st among the state's 115 counties. That ranking lands squarely in the middle of the pack, though the bill itself stays low in dollar terms: a median home valued at $111,800 carries an annual real-estate tax of about $814. Compare that with the national median rate of 0.794%, and this corner of southeastern Missouri comes in below the country as a whole. Households here earn a median of $51,881, with per-capita income at $30,377, so property taxes take a noticeable but hardly crushing share of local budgets. Communities such as Gideon, Canalou, and Catron sit within the county, where home values remain affordable enough that even a slightly above-average rate produces a fairly restrained tax bill.

Frequently asked questions

What is the property tax rate in New Madrid County, MO?
The effective rate is 0.73% — meaning the median tax bill equals about 0.73% of the median home value.
How much are property taxes on a median home?
On the median home ($111,800), the estimated annual bill is about $814.
Is New Madrid County's rate high or low?
Compare it to the state median of 0.70% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the New Madrid County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the New Madrid County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.