Meta, Missouri Property Taxes
The median property tax rate in META, MO is 0.98%, slightly below the state median of 1.20% but close to the national median of 0.99%. With the median home value in META at $151,900, the typical annual property tax bill is $1,411, which is lower than the national median of $2,690. Property taxes in META are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding META'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 META 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
Meta, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,489
Ownwell’s META Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in META with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in META 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 Meta, Missouri
Property taxes in META, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in META is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within META set these rates annually, and they can vary significantly across different neighborhoods. Each year, META 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 META's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65058 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with META provides valuable insights into the varying tax landscape across Cole County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meta Tax Rate
0.98%
Average Cole County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65058 | 0.92% | 0.96% | 0.98% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Meta, Missouri
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in META, Missouri. 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 Cole 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 META, 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. For instance, the median home price in META is $151,900, and tax bills can range significantly. The highest median tax bill is $1,411 in zip code 65058. Being aware of these valuation processes in META helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Meta Assessed Value
$151,900
Average Cole County Assessed Value
$135,700
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65058 | $57,580 | $125,000 | $151,900 | $199,800 | $259,400 |
Source: Ownwell
Property Tax Bills Across Meta, Missouri
In META, located in Cole 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 the area is $151,900. Local tax authorities apply the tax rate to this assessed value to determine the annual tax bill. The typical property tax bill in the 25th percentile is around $1,241, while homeowners in the 75th percentile pay about $1,918 annually. In the 90th percentile, the tax bill can reach up to $2,549. Factors influencing the tax bill include the home's market value, the local tax rate, and any applicable exemptions or deductions. These property taxes fund essential community services such as public schools, infrastructure, and emergency services. For homeowners, understanding these factors is crucial as they directly impact annual expenses and the overall cost of owning property in META. Compared to the national median property tax rate of 0.99%, META's rates can vary, making it important for residents to stay informed about local tax policies.
Average Meta Tax Bill
$1,411
Average Cole County Tax Bill
$1,444
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Meta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65058 | $573 | $1,241 | $1,411 | $1,918 | $2,549 |
Source: Ownwell