Clarksburg, Missouri Property Taxes
The median property tax rate in Clarksburg, MO is 1.15%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $67,100 in Clarksburg, the typical annual property tax bill is $850, which is below the national median of $2,690. Property taxes in Clarksburg are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Clarksburg'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 Clarksburg or another part of Cooper County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarksburg, 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 Clarksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksburg 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 Clarksburg, Missouri
Property taxes in Clarksburg, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksburg is 1.15%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Clarksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksburg 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 Clarksburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65025 zip code has the highest median property tax rate of 1.15%, while the 65025 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Clarksburg provides valuable insights into the varying tax landscape across Cooper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksburg Tax Rate
1.15%
Average Cooper County Tax Rate
1.38%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65025 | 0.90% | 1.02% | 1.15% | 1.25% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Clarksburg, Missouri
In Clarksburg, 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 Cooper County Assessor 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 Clarksburg, 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 Clarksburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65025, with a value of $850.00.
Average Clarksburg Assessed Value
$67,100
Average Cooper County Assessed Value
$83,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65025 | $22,480 | $44,800 | $67,100 | $124,700 | $207,960 |
Source: Ownwell
Property Tax Bills Across Clarksburg, Missouri
In Clarksburg, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is then multiplied by the tax rate set by Cooper County. For example, with a median home price of $67,100, homeowners can expect their property tax bill to vary widely. Factors such as the property's location, improvements, and market conditions play a significant role in determining the assessed value. Tax bills in Clarksburg range significantly, with the 25th percentile at $418 and the 75th percentile reaching $1,552. The 90th percentile tax bill goes up to $2,799, indicating a considerable variation based on property value and other factors. Homeowners in the zip code 65025 see a median tax bill of $850, which is consistent across the area. Compared to the national median property tax rate of 0.99%, Clarksburg's property tax rates can have a substantial impact on a homeowner's annual expenses, influencing decisions on property investments and homeownership.
Average Clarksburg Tax Bill
$850
Average Cooper County Tax Bill
$1,092
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65025 | $229 | $418 | $850 | $1,552 | $2,799 |
Source: Ownwell