Clark, Missouri Property Taxes
The median property tax rate in Clark, MO, is 1.29%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Clark, the typical annual property tax bill reaches $1,239, exceeding the national median of $2,690. Property taxes in Clark are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clark'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 Clark 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
Clark, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,234
Ownwell’s Clark Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clark with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clark 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 Clark, Missouri
Property taxes in Clark, Missouri, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Clark is 1.45%, which is significantly higher than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Clark set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clark 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 Clark's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65243 has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Clark provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clark Tax Rate
1.29%
Average Howard County Tax Rate
1.31%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | 1.09% | 1.20% | 1.29% | 1.32% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Clark, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clark, 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 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 Clark, 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 Clark helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,239 in the 65243 zip code, which is also the lowest median tax bill, reflecting a uniform tax scenario.
Average Clark Assessed Value
$95,648
Average Howard County Assessed Value
$68,234
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | $25,183 | $60,706 | $95,648 | $131,010 | $154,012 |
Source: Ownwell
Property Tax Bills Across Clark, Missouri
In Clark, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, if the median home price is $95,648, the assessed value would be determined by local assessment ratios. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including property location, home improvements, and any applicable exemptions. In Clark, the property tax bills can vary significantly: homeowners at the 25th percentile might pay around $760, while those at the 75th percentile could see bills as high as $1,598. For the top 10% of homeowners, tax bills can reach up to $2,071. These taxes fund essential local services like schools, public safety, and infrastructure, directly impacting homeowners by contributing to the community's overall quality of life. Compared to the national median property tax rate of 0.99%, Clark's property taxes can be seen as relatively moderate, making it an attractive area for homeownership.
Average Clark Tax Bill
$1,239
Average Howard County Tax Bill
$882
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | $307 | $760 | $1,239 | $1,598 | $2,071 |
Source: Ownwell