Trimble, Missouri Property Taxes
The median property tax rate in Trimble, MO is 1.12%, which is higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $360,104 in Trimble, the typical annual property tax bill amounts to $3,965, significantly exceeding the national median of $2,690. Property taxes in Trimble are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Trimble'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 Trimble 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
Trimble, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$4,033
Ownwell’s Trimble Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trimble with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trimble 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 Trimble, Missouri
Property taxes in Trimble, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trimble is 1.24%, higher than both the Missouri state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Trimble set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trimble 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 Trimble's effective property tax rate to other counties in Missouri and the national median. For comparison, 64492 has the highest median property tax rate of 1.24%, while 64492 has the lowest median tax rate of 1.24%. Understanding how these cities compare with Trimble provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Trimble Tax Rate
1.12%
Average Clay County Tax Rate
1.34%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trimble, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64492 | 1.04% | 1.08% | 1.12% | 1.14% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Trimble, Missouri
In Trimble, 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 Clay County Assessor 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 Trimble, 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 Trimble helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Trimble is $3965, found in the 64492 zip code, while the lowest median tax bill is also $3965 in the same zip code.
Average Trimble Assessed Value
$360,104
Average Clay County Assessed Value
$203,105
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Trimble, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64492 | $183,321 | $279,441 | $360,104 | $447,158 | $505,774 |
Source: Ownwell
Property Tax Bills Across Trimble, Missouri
In Trimble, located in Clay County, MO, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the home's market value. For instance, if the median home price in Trimble is $360,104, the assessed value would be a fraction of this market price, determined by local assessment rules. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including property characteristics, location, and any applicable exemptions or deductions. Homeowners in Trimble can expect property tax bills ranging from $2,946 at the 25th percentile to $5,611 at the 90th percentile. The impact on homeowners is significant, as property taxes contribute to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Trimble's rates highlight the importance of understanding local tax obligations to better manage financial planning and homeownership costs.
Average Trimble Tax Bill
$3,965
Average Clay County Tax Bill
$2,651
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Trimble, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64492 | $1,817 | $2,946 | $3,965 | $4,777 | $5,611 |
Source: Ownwell