Caulfield, Missouri Property Taxes
The median property tax rate in Caulfield, MO is 1.03%, slightly above the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Caulfield at $62,750, the typical annual property tax bill is $629, which is significantly below the national median of $2,690. Property taxes in Caulfield are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Caulfield'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 Caulfield 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
Caulfield, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$646
Ownwell’s Caulfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Caulfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caulfield to provide an accurate estimate of your property tax bill. This handy tool offers valuable insight into potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Caulfield, Missouri
Property taxes in Caulfield, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caulfield is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Caulfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caulfield 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 Caulfield's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65626 zip code has the highest median property tax rate of 1.03%, while the 65626 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Caulfield provides valuable insights into the varying tax landscape across Ozark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caulfield Tax Rate
1.03%
Average Ozark County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caulfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65626 | 0.83% | 0.98% | 1.03% | 1.04% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Caulfield, Missouri
In Caulfield, 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 Ozark 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 Caulfield, 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 Caulfield 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 are both $629.00, found in the 65626 zip code.
Average Caulfield Assessed Value
$62,750
Average Ozark County Assessed Value
$64,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caulfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65626 | $21,110 | $38,025 | $62,750 | $103,725 | $155,640 |
Source: Ownwell
Property Tax Bills Across Caulfield, Missouri
In Caulfield, MO, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the home. Factors such as the property's location, size, and condition are considered in this assessment. Once the assessed value is determined, the local tax rate is applied to calculate the tax bill. For homeowners in Caulfield, the median home price stands at $62,750. Property tax bills can vary significantly, with the 25th percentile at $372, the 75th percentile at $1,025, and the 90th percentile reaching up to $1,533. The highest and lowest median tax bills in the area are both $629, which is notably lower than the national median property tax rate of 0.99%. This relatively low tax rate can make Caulfield an attractive place for homeowners, as it reduces the overall cost of owning property in the area.
Average Caulfield Tax Bill
$629
Average Ozark County Tax Bill
$481
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Caulfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65626 | $197 | $372 | $629 | $1,025 | $1,533 |
Source: Ownwell