Clark, Missouri Property Taxes
The median property tax rate in Clark, MO is 0.83%, 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 Clark, the typical annual property tax bill reaches $256, significantly below the national median of $2,690. Property taxes in Clark are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clark'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 Clark 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
Clark, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Clark Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clark with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Clark to provide an estimate of your property tax bill. This invaluable tool helps you understand potential tax liabilities. For those interested in more granular insights, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Clark, Missouri
Property taxes in Clark, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clark is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Clark set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clark 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 Clark's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65243 has both the highest and lowest median property tax rate of 0.83%. Understanding how these cities compare with Clark provides valuable insights into the varying tax landscape across Audrain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clark Tax Rate
0.83%
Average Audrain County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | 0.80% | 0.81% | 0.83% | 1.20% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Clark, Missouri
In Clark, 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 local 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 Clark, 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 Clark helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 65243 in Audrain County has both the highest and lowest median tax bill at $256. By understanding the specifics of your property’s assessed value and available exemptions, you can take proactive steps to ensure you're not overpaying on your property taxes.
Average Clark Assessed Value
$26,585
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 Clark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | $13,652 | $21,846 | $26,585 | $52,838 | $67,269 |
Source: Ownwell
Property Tax Bills Across Clark, Missouri
In Clark, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property. Homeowners in Clark can expect their property tax bills to vary widely. For instance, the 25th percentile tax bill is around $194, while the 75th percentile reaches $501, and the 90th percentile can go up to $837. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. The median home price in Clark is $26,585, which is relatively low compared to national figures. This significantly impacts the overall tax burden on homeowners. Understanding these factors is crucial for homeowners as property taxes can be a substantial annual expense. Effective management and potential appeals of assessed values can result in considerable savings. In comparison, the national median property tax rate is 0.99%, making Clark's rates an essential consideration for current and prospective homeowners.
Average Clark Tax Bill
$256
Average Audrain County Tax Bill
$587
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | $112 | $194 | $256 | $501 | $837 |
Source: Ownwell