Atlanta, Missouri Property Taxes
The median property tax rate in Atlanta, MO is 1.07%, slightly above the national median of 0.99% but below the Missouri state median of 1.20%. With the median home value in Atlanta, the typical annual property tax bill is $106, significantly lower than the national median of $2,690. Property taxes in Atlanta are calculated based on the assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Atlanta'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 Atlanta or another part of Knox County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Atlanta, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$106
Ownwell’s Atlanta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atlanta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atlanta 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 Atlanta, Missouri
Property taxes in Atlanta, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atlanta is 0.66%, 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 Atlanta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atlanta 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 Atlanta's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63530 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Atlanta provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atlanta Tax Rate
1.07%
Average Knox County Tax Rate
0.72%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atlanta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63530 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Atlanta, Missouri
In Atlanta, 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 Knox 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 Atlanta, 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 Atlanta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Knox County, the zip code with the highest median tax bill is 63530, with a tax bill of $106.00, while the lowest median tax bill is also in zip code 63530 at $106.00.
Average Atlanta Assessed Value
$9,910
Average Knox County Assessed Value
$29,820
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atlanta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63530 | $9,910 | $9,910 | $9,910 | $9,910 | $9,910 |
Source: Ownwell
Property Tax Bills Across Atlanta, Missouri
In Atlanta, Knox County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and condition influence the market value, which is periodically reassessed to reflect current market conditions. For homeowners, this means that fluctuations in the housing market can directly impact their property tax obligations. The median property tax rate in Knox County is significantly lower than the national median of 0.99%, resulting in more manageable tax bills for residents. For instance, the median home price in Atlanta is $9,910, and the median tax bill is $106, which is consistent across various percentiles. This relatively low tax burden can make homeownership more affordable, but it also means that local government services funded by property taxes may have limited budgets. Understanding these dynamics helps homeowners anticipate changes in their tax bills and plan their finances accordingly.
Average Atlanta Tax Bill
$106
Average Knox County Tax Bill
$245
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Atlanta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63530 | $106 | $106 | $106 | $106 | $106 |
Source: Ownwell