Golden, Missouri Property Taxes
The median property tax rate in Golden, MO is 0.92%, slightly below both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $113,150 in Golden, the typical annual property tax bill is $953, which is significantly less than the national median of $2,690. Property taxes in Golden are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Golden'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 Golden or another part of Barry County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Golden, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,041
Ownwell’s Golden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golden 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 Golden, Missouri
Property taxes in Golden, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Golden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden 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 Golden's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65658 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Golden provides valuable insights into the varying tax landscape across Barry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Golden Tax Rate
0.92%
Average Barry County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65658 | 0.77% | 0.86% | 0.92% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Golden, Missouri
In Golden, 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 Barry 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 Golden, 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 Golden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 65658, with a value of $953.
Average Golden Assessed Value
$113,150
Average Barry County Assessed Value
$82,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65658 | $37,230 | $74,850 | $113,150 | $167,125 | $234,580 |
Source: Ownwell
Property Tax Bills Across Golden, Missouri
In Golden, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the home's location, size, and condition. Additionally, local government budgets and school district funding needs play a significant role in setting the tax rate. For homeowners in Golden, the median home price stands at $113,150. Tax bills can vary significantly, with the 25th percentile at $609 and the 75th percentile reaching $1,460. At the 90th percentile, tax bills can climb to $2,013. These figures illustrate the range of property tax burdens homeowners might face, depending on their property's assessed value and the specific tax rate applied. Notably, the highest and lowest median tax bills in the region are both $953, indicating a relatively uniform tax rate across different areas within Barry County.
Average Golden Tax Bill
$953
Average Barry County Tax Bill
$696
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65658 | $281 | $609 | $953 | $1,460 | $2,013 |
Source: Ownwell