Plattsburg, Missouri Property Taxes
The median property tax rate in Plattsburg, MO is 1.31%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Plattsburg at $154,270, the typical annual property tax bill reaches $2,013, exceeding the national median of $2,690. Property taxes in Plattsburg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Plattsburg'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 Plattsburg 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
Plattsburg, 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 Plattsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plattsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plattsburg 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 Plattsburg, Missouri
Property taxes in Plattsburg, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plattsburg is 1.31%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Plattsburg set these rates annually, and they can vary across different neighborhoods. Each year, Plattsburg 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. For comparison, the zip code 64477 in Clinton County has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these areas compare with Plattsburg provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plattsburg Tax Rate
1.31%
Average Clinton County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plattsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64477 | 1.10% | 1.23% | 1.31% | 1.36% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Plattsburg, Missouri
In Plattsburg, 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 Clinton County Appraisal District 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 Plattsburg, 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 Plattsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 64477, with a value of $2013.
Average Plattsburg Assessed Value
$154,270
Average Clinton County Assessed Value
$146,110
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plattsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64477 | $46,378 | $91,238 | $154,270 | $217,852 | $282,598 |
Source: Ownwell
Property Tax Bills Across Plattsburg, Missouri
In Plattsburg, located in Clinton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region typically see a median home price of $154,270. The tax rate is applied to this assessed value to determine the annual property tax bill. The median property tax rate in the U.S. is 0.99%, but local rates may vary. Several factors influence the final tax bill, including property location, home value, and any applicable exemptions or deductions. For homeowners in Plattsburg, the 25th percentile tax bill is around $1,183, while the 75th percentile reaches $2,826. At the higher end, the 90th percentile tax bill can be as much as $3,584. The highest median tax bill in the area is $2,013, which is also the lowest, indicating a uniform rate in the zip code 64477. These property taxes significantly impact homeowners by contributing to local services like schools, emergency services, and infrastructure, thus affecting the overall community and quality of life.
Average Plattsburg Tax Bill
$2,013
Average Clinton County Tax Bill
$2,005
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Plattsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64477 | $618 | $1,183 | $2,013 | $2,826 | $3,584 |
Source: Ownwell