Arlington, Missouri Property Taxes
The median property tax rate in Arlington, MO is 1.42%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Arlington, the typical annual property tax bill reaches $68, significantly lower than the national median of $2,690. Property taxes in Arlington 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 Arlington'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 Arlington 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
Arlington, 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 Arlington Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Arlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arlington 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 Arlington, Missouri
Property taxes in Arlington, Missouri, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arlington is 1.42%, which is significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Arlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arlington 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 Arlington's effective property tax rate to other counties in Missouri and the national median. For comparison, the 76013 zip code has both the highest and lowest median property tax rate of 1.42%. Understanding how these areas compare with Arlington provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arlington Tax Rate
1.42%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arlington, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76013 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Arlington, Missouri
In Arlington, 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 Morgan 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 Arlington, 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 Arlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest and lowest tax bills are both $68, reflecting the uniformity in tax assessments within the area.
Average Arlington Assessed Value
$4,800
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arlington, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76013 | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 |
Source: Ownwell
Property Tax Bills Across Arlington, Missouri
In Arlington, Morgan County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate, which is applied to this assessed value, plays a crucial role in determining the final tax bill. Homeowners in Arlington experience a median home price of $4,800, which is significantly lower than the national median. Therefore, even with the local tax rate applied, the property tax bills remain modest compared to other regions. For instance, the tax bill for the 25th, 75th, and 90th percentiles all stand at $68, indicating a uniformity in tax amounts across different property values within the city. This relatively low and consistent property tax can be beneficial for homeowners, as it provides a predictable financial obligation, allowing for better budgeting and financial planning. Compared to the national median property tax rate of 0.99%, Arlington's approach results in more manageable tax bills, making homeownership more affordable in this region.
Average Arlington Tax Bill
$68
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Arlington, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76013 | $68 | $68 | $68 | $68 | $68 |
Source: Ownwell