Quincy, Missouri Property Taxes
The median property tax rate in Quincy, MO is 0.87%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Quincy at $49,500, the typical annual property tax bill is $428, significantly less than the national median of $2,690. Property taxes in Quincy are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Quincy'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 Quincy or another part of St. Clair County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quincy, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$431
Ownwell’s Quincy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quincy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quincy 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 Quincy, Missouri
Property taxes in Quincy, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quincy is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Quincy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quincy 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 Quincy's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in St. Clair County is 0.87% in the 65735 zip code, while the lowest median tax rate is also 0.87% in the same zip code. Understanding how these cities compare with Quincy provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quincy Tax Rate
0.87%
Average St. Clair County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quincy, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65735 | 0.58% | 0.83% | 0.87% | 0.96% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Quincy, Missouri
In Quincy, 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 St. Clair 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 Quincy, 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 example, the median home price in Quincy is $49,500, with tax bills ranging from $302 at the 25th percentile to $597 at the 90th percentile. The highest median tax bill is $428 in zip code 65735. 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 Quincy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Quincy Assessed Value
$49,500
Average St. Clair County Assessed Value
$27,650
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quincy, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65735 | $30,710 | $38,675 | $49,500 | $55,625 | $71,300 |
Source: Ownwell
Property Tax Bills Across Quincy, Missouri
In Quincy, St. Clair County, MO, property tax bills are calculated based on the assessed value of a property, which is derived from the market value. The assessed value is a percentage of the market value, determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Quincy, the median home price is $49,500, and property tax bills can vary significantly depending on the assessed value and the specific tax rate applied. For homeowners, the tax bill at the 25th percentile is around $302, while at the 75th percentile, it rises to $466. At the 90th percentile, homeowners might see a tax bill of approximately $597. These figures highlight how property taxes can impact household budgets differently, depending on the assessed value of their home. Compared to the national median property tax rate of 0.99%, Quincy’s property tax rates are relatively moderate, offering some relief to local homeowners.
Average Quincy Tax Bill
$428
Average St. Clair County Tax Bill
$244
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Quincy, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65735 | $147 | $302 | $428 | $466 | $597 |
Source: Ownwell