Creighton, Missouri Property Taxes
The median property tax rate in Creighton, MO is 1.15%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $92,855 in Creighton, the typical annual property tax bill amounts to $1,101, which is below the national median of $2,690. Property taxes in Creighton are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Creighton'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 Creighton 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
Creighton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,068
Ownwell’s Creighton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Creighton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Creighton 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 Creighton, Missouri
Property taxes in Creighton, Missouri, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Creighton is 1.15%, which is higher than the U.S. national median of 0.99%. Local government entities within Creighton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Creighton 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 Creighton's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64739 has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Creighton provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Creighton Tax Rate
1.15%
Average Cass County Tax Rate
1.46%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Creighton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64739 | 1.00% | 1.09% | 1.15% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Creighton, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Creighton, Missouri. 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 Cass County Assessor's Office 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 Creighton, 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 Creighton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64739 has the highest and lowest median tax bill, both at $1,101.
Average Creighton Assessed Value
$92,855
Average Cass County Assessed Value
$149,060
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Creighton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64739 | $31,331 | $54,052 | $92,855 | $139,555 | $198,536 |
Source: Ownwell
Property Tax Bills Across Creighton, Missouri
In Creighton, located in Cass County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, a home with a median price of $92,855 will have its assessed value determined by the local assessment rate. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Factors such as property size, location, and improvements can impact the assessed value. Homeowners in Creighton can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $699, while the 75th percentile reaches $1,526, and the 90th percentile can go as high as $2,132. This range shows how different factors influence the tax burden on individual properties. Compared to the national median property tax rate of 0.99%, Creighton's tax situation provides a diverse financial landscape for homeowners, affecting their annual budgeting and long-term financial planning.
Average Creighton Tax Bill
$1,101
Average Cass County Tax Bill
$2,217
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Creighton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64739 | $394 | $699 | $1,101 | $1,526 | $2,132 |
Source: Ownwell