Marble Hill, Missouri Property Taxes
The median property tax rate in Marble Hill, MO is 0.87%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $97,150 in Marble Hill, the typical annual property tax bill amounts to $826, significantly below the national median of $2,690. Property taxes in Marble Hill are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Marble Hill'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 Marble Hill or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marble Hill, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$845
Ownwell’s Marble Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marble Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marble Hill 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 Marble Hill, Missouri
Property taxes in Marble Hill, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marble Hill is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Marble Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marble Hill 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 Marble Hill's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63764 has both the highest and lowest median property tax rate of 0.87%. Understanding how these areas compare with Marble Hill provides valuable insights into the varying tax landscape across Cape Girardeau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marble Hill Tax Rate
0.87%
Average Cape Girardeau County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marble Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63764 | 0.77% | 0.83% | 0.87% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Marble Hill, Missouri
In Marble Hill, 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 Marble Hill, 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 Marble Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Marble Hill, the median home price is $97,150. The 25th percentile tax bill is $497, while the 75th percentile tax bill is $1,292. The highest median tax bill is $826 in zip code 63764, which is also the lowest median tax bill.
Average Marble Hill Assessed Value
$97,150
Average Cape Girardeau County Assessed Value
$116,512
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marble Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63764 | $35,123 | $58,797 | $97,150 | $148,979 | $199,030 |
Source: Ownwell
Property Tax Bills Across Marble Hill, Missouri
In Marble Hill, located in Cape Girardeau County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Marble Hill is $97,150, and the property tax rate applied to this assessed value determines the tax bill. Factors such as property improvements, market conditions, and local government budgets influence the assessed value. Homeowners in Marble Hill can expect a range of property tax bills. For instance, the 25th percentile tax bill is $497, while the 75th percentile reaches $1,292. At the 90th percentile, homeowners may see tax bills as high as $1,703. These variations reflect differences in property values and assessments within the community. Comparatively, the national median property tax rate is 0.99%, which helps put Marble Hill's property taxes into perspective. Understanding how these factors interplay is crucial for homeowners to anticipate their annual financial obligations and manage their budgets effectively.
Average Marble Hill Tax Bill
$826
Average Cape Girardeau County Tax Bill
$1,109
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Marble Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63764 | $294 | $497 | $826 | $1,292 | $1,703 |
Source: Ownwell