Macomb, Missouri Property Taxes
The median property tax rate in Macomb, MO is 0.67%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Macomb, the typical annual property tax bill amounts to $71, well below the national median of $2,690. Property taxes in Macomb are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Macomb'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 Macomb 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
Macomb, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$71
Ownwell’s Macomb Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macomb with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macomb 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 Macomb, Missouri
Property taxes in Macomb, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Macomb is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Macomb set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macomb 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 Macomb's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65702 zip code has the highest median property tax rate of 0.67%, while the same zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Macomb provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Macomb Tax Rate
0.67%
Average Douglas County Tax Rate
0.60%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macomb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65702 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Macomb, Missouri
In Macomb, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 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 Macomb, 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. The median home price in Macomb is $10,600, with tax bills ranging from $71 at the 25th percentile to $71 at the 90th percentile. 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 Macomb helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Macomb Assessed Value
$10,600
Average Douglas County Assessed Value
$74,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Macomb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65702 | $10,600 | $10,600 | $10,600 | $10,600 | $10,600 |
Source: Ownwell
Property Tax Bills Across Macomb, Missouri
In Macomb, located in Douglas County, MO, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, if a home has a median market price of $10,600, the assessed value is derived from this figure. Tax rates in Macomb are influenced by various factors, including local government budgets and funding requirements for services such as schools, infrastructure, and emergency services. Homeowners in Macomb can expect a relatively modest property tax bill. For example, the tax bill for the 25th, 75th, and 90th percentiles all stand at $71, indicating a consistent and predictable tax burden across different property values. This stability in tax bills can provide homeowners with a degree of financial predictability, making it easier to budget for annual expenses. Compared to the national median property tax rate of 0.99%, Macomb’s property tax rate offers homeowners a more affordable tax environment.
Average Macomb Tax Bill
$71
Average Douglas County Tax Bill
$445
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Macomb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65702 | $71 | $71 | $71 | $71 | $71 |
Source: Ownwell