Marthasville, Missouri Property Taxes
The median property tax rate in Marthasville, MO is 0.87%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $114,910 in Marthasville, the typical annual property tax bill amounts to $996, significantly below the national median of $2,690. Property taxes in Marthasville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Marthasville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Marthasville 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
Marthasville, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Marthasville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marthasville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marthasville 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 Marthasville, Missouri
Property taxes in Marthasville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marthasville is 0.87%, which is below the U.S. national median of 0.99%. Local government entities within Marthasville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marthasville 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 Marthasville's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63357 has the highest median property tax rate of 0.87%, while the lowest median tax rate is also 0.87%. Understanding how these cities compare with Marthasville provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marthasville Tax Rate
0.87%
Average Lewis County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marthasville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63357 | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Marthasville, Missouri
In Marthasville, 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 Lewis County Assessor 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 Marthasville, 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 Marthasville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area, both amounting to $996, are found in the 63357 zip code.
Average Marthasville Assessed Value
$114,910
Average Lewis County Assessed Value
$40,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marthasville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63357 | $114,910 | $114,910 | $114,910 | $114,910 | $114,910 |
Source: Ownwell
Property Tax Bills Across Marthasville, Missouri
In Marthasville, located in Lewis County, MO, property tax bills are calculated based on the assessed value of a home. The median home price in Marthasville is $114,910, and homeowners generally face a consistent tax bill of $996, which remains the same across the 25th, 75th, and 90th percentiles. This stability in tax bills indicates that the local tax rate is uniformly applied. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors that influence the assessed value include the property's market value, size, and condition. The resulting tax bill directly impacts homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Marthasville's tax structure offers a predictable financial obligation for homeowners, ensuring they can budget effectively for their annual property tax payments.
Average Marthasville Tax Bill
$996
Average Lewis County Tax Bill
$410
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Marthasville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63357 | $996 | $996 | $996 | $996 | $996 |
Source: Ownwell