Marshfield, Missouri Property Taxes
The median property tax rate in Marshfield, MO is 0.96%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $100,200 in Marshfield, the typical annual property tax bill amounts to $996, which is considerably less than the national median of $2,690. Property taxes in Marshfield are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Marshfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're located in the heart of Marshfield or in another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marshfield, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$962
Ownwell’s Marshfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marshfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marshfield 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 Marshfield, Missouri
Property taxes in Marshfield, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marshfield is 0.96%, which is lower than the U.S. national median of 0.99%. Local government entities within Marshfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marshfield 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 Marshfield's effective property tax rate to other areas within Webster County and the national median. For comparison, the 65706 zip code has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these areas compare with Marshfield provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marshfield Tax Rate
0.96%
Average Webster County Tax Rate
0.95%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65706 | 0.89% | 0.95% | 0.96% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Marshfield, Missouri
In Marshfield, 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 Webster 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 Marshfield, 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 instance, the median home price in Marshfield is $100,200, with tax bills ranging from $585 at the 25th percentile to $2,037 at the 90th percentile. The highest and lowest median tax bills are both $996, found in the 65706 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marshfield Assessed Value
$100,200
Average Webster County Assessed Value
$95,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marshfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65706 | $34,800 | $57,950 | $100,200 | $150,000 | $208,280 |
Source: Ownwell
Property Tax Bills Across Marshfield, Missouri
In Marshfield, located in Webster County, MO, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Marshfield is $100,200. Property taxes are calculated by multiplying the assessed value, which is a percentage of the market value, by the local tax rate. This rate can vary based on specific levies for schools, infrastructure, and public services. Homeowners in Marshfield experience varying tax bills. For instance, the 25th percentile tax bill is $585, while the 75th percentile reaches $1,482, and the 90th percentile climbs to $2,037. The median tax bill in the area is $996, which is below the national median property tax rate of 0.99%. These property taxes directly impact homeowners by influencing their monthly mortgage payments and overall housing affordability. Understanding how these factors interplay can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Marshfield Tax Bill
$996
Average Webster County Tax Bill
$871
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65706 | $342 | $585 | $996 | $1,482 | $2,037 |
Source: Ownwell