King City, Missouri Property Taxes
The median property tax rate in King City, MO is 1.62%, notably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in King City, the typical annual property tax bill reaches $796, which is considerably lower than the national median of $2,690. Property taxes in King City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding King City'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 King City or another part of Gentry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
King City, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$852
Ownwell’s King City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in King City with ease. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in King City to provide an accurate estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities, helping you make informed financial decisions. For those interested in more granular data, additional localized information is available by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across King City, Missouri
Property taxes in King City, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in King City is 1.62%, significantly higher than the U.S. national median of 0.99%. Local government entities within King City set these rates annually, and they can vary significantly across different neighborhoods. Each year, King City 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 King City's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64463 has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with King City provides valuable insights into the varying tax landscape across Gentry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average King City Tax Rate
1.62%
Average Gentry County Tax Rate
1.36%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across King City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64463 | 1.14% | 1.37% | 1.62% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across King City, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in King City, 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 Gentry 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 King City, 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 instance, the median home price in King City is $52,580, with tax bills ranging from $442 at the 25th percentile to $1,902 at the 90th percentile. The highest median tax bill, $796, is found in the 64463 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average King City Assessed Value
$52,580
Average Gentry County Assessed Value
$52,950
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across King City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64463 | $12,272 | $30,270 | $52,580 | $85,925 | $132,238 |
Source: Ownwell
Property Tax Bills Across King City, Missouri
In King City, located in Gentry County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the home's market value, which is determined by local assessors. Various factors such as the property's location, size, and condition influence this assessed value. Once the assessed value is established, the local tax rate is applied to determine the annual property tax bill. For homeowners in King City, the median home price is $52,580. Property tax bills can vary significantly, with the 25th percentile at $442 and the 75th percentile reaching $1,296. At the higher end, the 90th percentile tax bill is $1,902. The highest median tax bill in the area is $796, found in the 64463 zip code, which is also the lowest median tax bill. Understanding these factors is crucial for homeowners, as property taxes directly impact annual expenses and long-term financial planning. Comparing these figures to the national median property tax rate of 0.99% can help homeowners gauge their local tax burden.
Average King City Tax Bill
$796
Average Gentry County Tax Bill
$746
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across King City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64463 | $186 | $442 | $796 | $1,296 | $1,902 |
Source: Ownwell