Malden, Missouri Property Taxes
The median property tax rate in Malden, MO is 0.91%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With the median home value in Malden at $29,760, the typical annual property tax bill is $276, well under the national median of $2,690. Property taxes in Malden are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Malden'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 Malden 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
Malden, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$271
Ownwell’s Malden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Malden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Malden 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 Malden, Missouri
Property taxes in Malden, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Malden is 0.91%, slightly below the U.S. national median of 0.99%. Local government entities within Malden set these rates annually, and they can vary across different neighborhoods. Each year, Malden 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 Malden's effective property tax rate to other areas in Dunklin County and the national median. For comparison, the zip code 63863 has the highest and lowest median property tax rate of 0.91%. Understanding how these areas compare with Malden provides valuable insights into the varying tax landscape across Dunklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Malden Tax Rate
0.91%
Average Dunklin County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Malden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63863 | 0.84% | 0.91% | 0.91% | 0.91% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Malden, Missouri
In Malden, 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 Dunklin County Assessor's Office 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 Malden, 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. For example, the median home price in Malden is $29,760, and the median tax bill can vary significantly. The 25th percentile tax bill is $88, while the 75th percentile tax bill reaches $476. The highest median tax bill in the area is $276 in the 63863 zip code. 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 Malden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Malden Assessed Value
$29,760
Average Dunklin County Assessed Value
$33,875
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Malden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63863 | $1,980 | $7,858 | $29,760 | $52,420 | $78,202 |
Source: Ownwell
Property Tax Bills Across Malden, Missouri
In Malden, Dunklin County, MO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the home's market value. For instance, if a home is worth $29,760, the assessed value would be a fraction of this amount, determined by county assessors. The local tax rate is then applied to this assessed value to calculate the tax bill. In Dunklin County, the median property tax bill is $276, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in Malden can expect tax bills to vary widely, with the 25th percentile at $88 and the 90th percentile reaching $697. These variations can be attributed to differences in property values, exemptions, and specific local tax rates. This relatively low property tax burden can be a financial relief for homeowners, making Malden an attractive option for those looking to minimize their annual property tax expenses.
Average Malden Tax Bill
$276
Average Dunklin County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Malden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63863 | $19 | $88 | $276 | $476 | $697 |
Source: Ownwell