Carrollton, Missouri Property Taxes
The median property tax rate in Carrollton, MO is 1.19%, slightly below the Missouri state median of 1.20% but higher than the national median of 0.99%. With a median home value of $57,420 in Carrollton, the typical annual property tax bill amounts to $681, which is significantly lower than the national median of $2,690. Property taxes in Carrollton are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Carrollton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Carrollton 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
Carrollton, 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 Carrollton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carrollton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carrollton 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 Carrollton, Missouri
Property taxes in Carrollton, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carrollton is 1.19%, higher than the U.S. national median of 0.99%. Local government entities within Carrollton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carrollton 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 Carrollton's effective property tax rate to other areas in Missouri and the national median. For comparison, the 64633 zip code has the highest median property tax rate of 1.19%, while the lowest median tax rate is also 1.19% in the same zip code. Understanding how these areas compare with Carrollton provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carrollton Tax Rate
1.19%
Average Carroll County Tax Rate
1.19%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carrollton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64633 | 1.10% | 1.19% | 1.19% | 1.19% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Carrollton, Missouri
In Carrollton, 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 Carroll County Assessor's Office 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 Carrollton, 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 Carrollton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Carrollton is $57,420, with the 25th percentile tax bill at $367 and the 75th percentile at $1,040. The highest and lowest median tax bills in Carrollton are both found in the 64633 zip code, at $681.
Average Carrollton Assessed Value
$57,420
Average Carroll County Assessed Value
$54,921
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carrollton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64633 | $15,959 | $31,048 | $57,420 | $89,262 | $139,818 |
Source: Ownwell
Property Tax Bills Across Carrollton, Missouri
In Carrollton, Carroll County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, influenced by factors such as location, size, and condition. Once the assessed value is established, the tax rate, expressed as a percentage, is applied to calculate the annual property tax bill. For instance, in Carrollton, the median home price is $57,420. Property tax bills can vary significantly, with the 25th percentile at $367 and the 75th percentile at $1,040. At the 90th percentile, homeowners might see a tax bill of up to $1,647. This variation illustrates how different property values and assessed rates can impact the final tax amount. Compared to the national median property tax rate of 0.99%, Carrollton's property tax rates can offer a more affordable option for homeowners, influencing their overall financial planning and long-term investment in their property.
Average Carrollton Tax Bill
$681
Average Carroll County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Carrollton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64633 | $193 | $367 | $681 | $1,040 | $1,647 |
Source: Ownwell