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#Newton county tax assessor plus

lump sum sales where the timber is sold at a specific price regardless of volume.

There are three types of sales and harvests that are taxable: Standing timber is not taxed until sold or harvested, at which time it is taxed based upon 100 percent of its fair market value. Property can be assessed at its current use value, rather than fair market value, when it is used for residential purposes but located in an area that is changing to, or being developed for, a use other than residential. Property that qualifies for this special assessment must be maintained in a current use for a period of ten years. Property can be assessed at its current use value rather than the fair market value when such property is maintained in its natural condition and meets the requirements set by the Department of Natural Resources. Property that qualifies for this special assessment must be maintained in its current use for a period of ten years.īona fide agricultural property can be assessed at its current use value rather than the fair market value. This means that this type of property is assessed at 30 percent of fair market value rather than 40 percent. These special programs include:īona fide agricultural property can be assessed at 75 percent of the assessment of other property. There are special assessment programs available to taxpayers. It involves capitalizing the net income to arrive at a probable selling price for the property.

INCOME APPROACH: The income approach is used for income-producing properties.

MARKET APPROACH: The market approach involves analyzing sales of similar properties to predict the likely selling price of unsold properties.

#Newton county tax assessor plus

COST APPROACH: The cost approach uses actual replacement cost of the building, less general depreciation, plus the value of the land.The Assessors use standard approaches in setting the value on all real and personal property. The appraised value is simply the estimate of what the property is worth. Assessors and appraisers merely interpret what is happening in the market place.

Fair market value means "the amount a knowledgeable buyer would pay for the property and a willing seller would accept for the property at an arm's length, bona fide sale." The Board of Assessors does not create property values. The Assessors are charged with establishing the fair market value of the taxable real and personal properties in Newton County. Property tax returns are to be filed between January 1st and April 1st with the county tax assessor's office. Property taxes are charged against the owner of the property of January 1st, and against the property itself if the owner is not known. Personal property is boats, airplanes, business inventory, and any equipment, furniture, and fixtures needed to run a business. Real property is defined as land and generally anything that is erected, growing, or affixed to the land. 1241.Īll property taxes are collected by the respective County Collector (not by the City of Joplin).Property tax is an ad valorem tax based upon the value of property, both real and personal. Questions regarding hotel/motel tax should be directed to (417) 624-0820, ext. The City of Joplin has a 4% hotel/motel tax. Questions regarding cigarette tax should be directed to our Financial Analyst at (417) 624-0820, ext. 1250.Ĭigarettes containing tobacco are taxed in the City of Joplin. If you have any further questions, please contact our Financial Analyst at (417) 624-0820, ext. However, as the result of various special taxing districts, the below areas within the City of Joplin have different total sales tax rates: The total sales tax rate in the City of Joplin, within Newton County is 8.

The total sales tax rate in the City of Joplin, within Jasper County is 8.725%. The City of Joplin's sales tax rate is 3.1 25%.