Kirksville, Missouri Property Taxes
The median property tax rate in Kirksville, MO is 1.17%, which is higher than the national median of 0.99% but slightly below the Missouri state median of 1.20%. With a median home value of $86,170 in Kirksville, the typical annual property tax bill amounts to $977, which is significantly lower than the national median of $2,690. Property taxes in Kirksville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Kirksville'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 Kirksville or another area within Adair County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Kirksville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,008
Ownwell’s Kirksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kirksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kirksville 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 Kirksville, Missouri
Property taxes in Kirksville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirksville is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kirksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirksville 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 Kirksville's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63501 has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Kirksville provides valuable insights into the varying tax landscape across Adair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kirksville Tax Rate
1.17%
Average Adair County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kirksville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63501 | 0.90% | 1.03% | 1.17% | 1.23% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Kirksville, Missouri
In Kirksville, 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 Adair 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 Kirksville, 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 Kirksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kirksville are both $977.00, found in the 63501 zip code.
Average Kirksville Assessed Value
$86,170
Average Adair County Assessed Value
$82,060
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kirksville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63501 | $31,040 | $50,780 | $86,170 | $140,375 | $208,540 |
Source: Ownwell
Property Tax Bills Across Kirksville, Missouri
In Kirksville, located in Adair County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is derived from the market value, which is then multiplied by the assessment ratio set by the state. Various factors, such as property size, location, and condition, influence this valuation. The local tax rate, which is applied to the assessed value, ultimately determines the tax bill. For instance, the median home price in Kirksville is $86,170. Property tax bills can vary significantly, with the 25th percentile at $581 and the 75th percentile reaching $1,553. At the 90th percentile, homeowners may face a tax bill of up to $2,271. The highest and lowest median tax bills in the area both stand at $977, indicating a level of consistency in tax assessments within the zip code 63501. Understanding how these factors interplay is crucial for homeowners, as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Kirksville's tax rates reflect the unique economic and regulatory environment of the region.
Average Kirksville Tax Bill
$977
Average Adair County Tax Bill
$893
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Kirksville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63501 | $358 | $581 | $977 | $1,553 | $2,271 |
Source: Ownwell