Marionville, Missouri Property Taxes
The median property tax rate in Marionville, MO is 0.85%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $93,200 in Marionville, the typical annual property tax bill is $784, significantly less than the national median of $2,690. Property taxes in Marionville are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Marionville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Marionville or elsewhere in Christian County, a thorough understanding of the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marionville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$792
Ownwell’s Marionville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Marionville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Marionville to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and plan accordingly. For those interested in more granular insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Marionville, Missouri
Property taxes in Marionville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marionville is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Marionville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marionville 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 Marionville's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65705 has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Marionville provides valuable insights into the varying tax landscape across Christian County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marionville Tax Rate
0.85%
Average Christian County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marionville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65705 | 0.84% | 0.85% | 0.85% | 0.86% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Marionville, Missouri
In Marionville, 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 local appraisal authority 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 Marionville, 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 Marionville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $784, specifically in the 65705 zip code.
Average Marionville Assessed Value
$93,200
Average Christian County Assessed Value
$157,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marionville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65705 | $82,020 | $85,200 | $93,200 | $94,700 | $147,200 |
Source: Ownwell
Property Tax Bills Across Marionville, Missouri
In Marionville, located in Christian County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. For homeowners, the assessed value is determined by local tax assessors who evaluate various factors, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Marionville, the median home price is $93,200, and property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $721, while at the 75th percentile, it's $796. The 90th percentile sees tax bills as high as $1,275. Compared to the national median property tax rate of 0.99%, Marionville's property tax rates are relatively modest. This system ensures that homeowners contribute to local services and infrastructure proportionally to their property's value, impacting the overall affordability and cost of living in the area.
Average Marionville Tax Bill
$784
Average Christian County Tax Bill
$1,599
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Marionville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65705 | $699 | $721 | $784 | $796 | $1,275 |
Source: Ownwell