Smithville, Missouri Property Taxes
The median property tax rate in Smithville, MO is 1.24%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Smithville, the typical annual property tax bill reaches $2,792, exceeding the national median of $2,690. Property taxes in Smithville 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 Smithville'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 Smithville 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
Smithville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$2,749
Ownwell’s Smithville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smithville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smithville 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 Smithville, Missouri
Property taxes in Smithville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Smithville is 1.24%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Smithville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smithville 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 Smithville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64089 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Smithville 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 Smithville Tax Rate
1.24%
Average Clinton County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Smithville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64089 | 1.20% | 1.21% | 1.24% | 1.27% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Smithville, Missouri
In Smithville, 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 Smithville, 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 Smithville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Smithville is $2792 in the 64089 zip code, while the lowest median tax bill is also $2792 in the same zip code.
Average Smithville Assessed Value
$221,693
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 Smithville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64089 | $157,739 | $181,722 | $221,693 | $261,664 | $285,647 |
Source: Ownwell
Property Tax Bills Across Smithville, Missouri
In Smithville, 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. The median home price in Smithville stands at $221,693. Local tax authorities apply a specific tax rate to this assessed value to determine the annual tax bill. Several factors influence the final amount, including the home's market value, property classification, and any applicable exemptions or deductions. For homeowners in Smithville, property tax bills can vary significantly. The tax bill at the 25th percentile is $2,238, while at the 75th percentile, it rises to $3,346. At the 90th percentile, homeowners may see tax bills as high as $3,679. Comparatively, the highest median tax bill in the area is $2,792, which is above the national median property tax rate of 0.99%. These property taxes play a crucial role in funding local services, including schools, infrastructure, and public safety, directly impacting the community's quality of life.
Average Smithville Tax Bill
$2,792
Average Clinton County Tax Bill
$2,005
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Smithville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64089 | $1,906 | $2,238 | $2,792 | $3,346 | $3,679 |
Source: Ownwell