Marquand, Missouri Property Taxes
The median property tax rate in Marquand, MO is 0.84%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $74,745 in Marquand, the typical annual property tax bill amounts to $627, which is significantly less than the national median of $2,690. Property taxes in Marquand are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Marquand's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Marquand or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marquand, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Marquand Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marquand with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marquand to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Marquand, Missouri
Property taxes in Marquand, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Marquand is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Marquand set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marquand estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Marquand's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63655 has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Marquand provides valuable insights into the varying tax landscape across Bollinger County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marquand Tax Rate
0.84%
Average Bollinger County Tax Rate
0.80%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marquand, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63655 | 0.75% | 0.80% | 0.84% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Marquand, Missouri
In Marquand, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Bollinger County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Marquand, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Marquand helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Interestingly, the highest and lowest median tax bills in Marquand are both $627, found in the 63655 zip code. This indicates a relatively uniform tax burden across the area, making it even more essential for property owners to understand and manage their assessed values effectively.
Average Marquand Assessed Value
$74,745
Average Bollinger County Assessed Value
$59,990
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marquand, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63655 | $12,555 | $39,122 | $74,745 | $125,678 | $177,860 |
Source: Ownwell
Property Tax Bills Across Marquand, Missouri
Property tax bills in Marquand, located in Bollinger County, MO, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For example, with a median home price of $74,745, homeowners can expect to pay a tax bill that varies significantly. The 25th percentile tax bill is $352, while the 75th percentile reaches $1,059, and the 90th percentile climbs to $1,544. These tax rates are influenced by local government budgets and the services they fund, such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Marquand's tax rates can present a relatively affordable option for homeowners. However, the impact on homeowners can vary widely depending on the exact assessed value of their property and the specific tax rate applied. Understanding these factors is crucial for homeowners to manage their financial expectations and obligations effectively.
Average Marquand Tax Bill
$627
Average Bollinger County Tax Bill
$498
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Marquand, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63655 | $121 | $352 | $627 | $1,059 | $1,544 |
Source: Ownwell