Golden City, Missouri Property Taxes
The median property tax rate in Golden City, MO is 0.67%, which is significantly lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Golden City at $60,620, the typical annual property tax bill amounts to $409, well below the national median of $2,690. Property taxes in Golden City are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Golden City's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're located in the heart of Golden City or another part of Jasper County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Golden City, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$406
Ownwell’s Golden City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golden City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golden City 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 Golden City, Missouri
Property taxes in Golden City, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden City is 0.67%, which is lower than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Golden City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden 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 Golden City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64748 zip code has both the highest and the lowest median property tax rate of 0.67%. Understanding how these cities compare with Golden City provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Golden City Tax Rate
0.67%
Average Jasper County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | 0.55% | 0.66% | 0.67% | 0.70% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Golden City, Missouri
In Golden City, 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 Jasper 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 Golden 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 Golden City is $60,620, with tax bills ranging from $262 at the 25th percentile to $896 at the 90th percentile. The highest and lowest median tax bills are both $409, found in the 64748 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Golden City Assessed Value
$60,620
Average Jasper County Assessed Value
$82,940
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | $11,779 | $39,578 | $60,620 | $86,220 | $132,269 |
Source: Ownwell
Property Tax Bills Across Golden City, Missouri
In Golden City, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Jasper County, where Golden City is located, uses this assessed value to calculate the tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Golden City can expect their tax bills to vary significantly, with the 25th percentile at $262 and the 75th percentile at $569. For those at the 90th percentile, the tax bill can reach up to $896. Comparatively, the national median property tax rate is 0.99%, making it crucial for local homeowners to understand their specific obligations. This variability in tax bills can significantly impact homeowners' annual budgets, making it essential for them to stay informed and possibly seek exemptions or appeals to manage their expenses effectively.
Average Golden City Tax Bill
$409
Average Jasper County Tax Bill
$737
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | $83 | $262 | $409 | $569 | $896 |
Source: Ownwell