Audrain County Property Taxes
The median property tax rate in Audrain County is 1.20%, which aligns with the Missouri state median but is higher than the national median of 0.99%. With a median home value of $51,626, the typical annual property tax bill in Audrain County amounts to $587, which is considerably lower than the national median of $2,690. Property taxes in Audrain County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Audrain County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Mexico or another part of Audrain County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Audrain County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$620
Ownwell’s Audrain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Audrain with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Audrain to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property's assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Audrain County, Missouri
Property taxes in Audrain County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Audrain County is 1.20%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Audrain County set these rates annually, and they can vary significantly between different areas within the county. Each year, Audrain County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Audrain County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Vandalia has one of the higher property tax rates in Missouri at 1.43%, while the city of Clark boasts one of the lowest at 0.83%. Analyzing how Audrain County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Audrain County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Audrain County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auxvasse | 0.78% | 1.02% | 1.26% | 1.27% | 1.27% |
| Benton City | 1.20% | 1.37% | 1.37% | 1.37% | 1.37% |
| Centralia | 0.71% | 0.85% | 1.15% | 1.20% | 1.20% |
| Clark | 0.80% | 0.81% | 0.83% | 1.20% | 1.24% |
| Farber | 0.93% | 1.28% | 1.42% | 1.42% | 1.42% |
| Laddonia | 0.80% | 0.82% | 1.25% | 1.54% | 1.54% |
| Martinsburg | 0.80% | 0.95% | 1.25% | 1.36% | 1.37% |
| Mexico | 0.83% | 1.07% | 1.24% | 1.30% | 1.30% |
| Middletown | 0.79% | 0.81% | 0.90% | 1.21% | 1.24% |
| Rush Hill | 0.82% | 1.04% | 1.37% | 1.38% | 1.38% |
| Sturgeon | 1.08% | 1.16% | 1.26% | 1.27% | 1.27% |
| Thompson | 0.82% | 0.99% | 1.15% | 1.20% | 1.20% |
| Vandalia | 0.84% | 1.06% | 1.43% | 1.44% | 1.44% |
| Wellsville | 0.79% | 0.89% | 1.03% | 1.23% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Audrain County, Missouri
In Audrain County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Audrain County Appraisal District. The assessed value, however, 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. Assessment notices in Audrain County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, Middletown has the highest median tax bill at $895, while Clark has the lowest at $256. Being aware of these valuation processes in Audrain County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Audrain County Assessed Value
$51,626
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Audrain County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auxvasse | $28,774 | $35,970 | $60,310 | $67,510 | $69,380 |
| Benton City | $5,010 | $9,210 | $22,460 | $54,475 | $67,200 |
| Centralia | $25,963 | $49,230 | $71,160 | $105,371 | $140,284 |
| Clark | $13,652 | $21,846 | $26,585 | $52,838 | $67,269 |
| Farber | $15,284 | $28,820 | $42,515 | $60,945 | $125,331 |
| Laddonia | $16,686 | $24,771 | $46,624 | $93,668 | $186,050 |
| Martinsburg | $12,564 | $33,640 | $57,975 | $101,084 | $139,428 |
| Mexico | $12,430 | $23,292 | $46,410 | $75,732 | $115,346 |
| Middletown | $25,776 | $49,480 | $104,921 | $120,001 | $221,097 |
| Rush Hill | $12,418 | $16,315 | $25,240 | $59,970 | $74,816 |
| Sturgeon | $38,118 | $56,878 | $62,233 | $87,480 | $106,732 |
| Thompson | $23,032 | $33,168 | $57,690 | $88,178 | $143,044 |
| Vandalia | $9,934 | $22,630 | $40,500 | $65,590 | $109,788 |
| Wellsville | $19,365 | $24,303 | $38,831 | $97,195 | $179,458 |
Source: Ownwell
Property Tax Bills Across Audrain County, Missouri
In Audrain County, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Audrain County is $51,626. Property tax rates are applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the home's market value, local tax rates, and any applicable exemptions or deductions. The median property tax rate in Audrain County is reflective of the local economic conditions and public service requirements. For homeowners, the tax bill can vary significantly. The 25th percentile tax bill is approximately $315, while the 75th percentile tax bill reaches $951. At the high end, the 90th percentile tax bill can be as much as $1,455. Comparatively, the highest median tax bill in the county is $895 in Middletown, while the lowest median tax bill is $256 in Clark. These variations can impact homeowners' financial planning and overall cost of living.
Average Audrain County Tax Bill
$587
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Audrain County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auxvasse | $305 | $453 | $572 | $806 | $853 |
| Benton City | $68 | $126 | $307 | $745 | $919 |
| Centralia | $316 | $526 | $778 | $1,088 | $1,451 |
| Clark | $112 | $194 | $256 | $501 | $837 |
| Farber | $217 | $391 | $570 | $747 | $1,207 |
| Laddonia | $186 | $321 | $622 | $1,069 | $1,779 |
| Martinsburg | $176 | $433 | $698 | $1,092 | $1,569 |
| Mexico | $162 | $284 | $506 | $895 | $1,290 |
| Middletown | $260 | $400 | $895 | $1,352 | $2,149 |
| Rush Hill | $139 | $214 | $347 | $542 | $1,029 |
| Sturgeon | $446 | $483 | $769 | $1,113 | $1,305 |
| Thompson | $256 | $327 | $604 | $945 | $1,683 |
| Vandalia | $142 | $270 | $477 | $818 | $1,292 |
| Wellsville | $188 | $229 | $430 | $1,216 | $1,776 |
Source: Ownwell