Golden City, Missouri Property Taxes
The median property tax rate in Golden City, MO is 0.91%, 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 $73,510 in Golden City, the typical annual property tax bill comes to $636, significantly below the national median of $2,690. Property taxes in Golden City are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Golden City'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 City or another part of the city, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Golden City, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$669
Ownwell’s Golden City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Golden City with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Golden City to provide an accurate property tax bill estimate. This valuable tool helps you understand your potential tax liabilities. For those interested in more granular details, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value, determined by the county, forms the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Golden City, Missouri
Property taxes in Golden City, Missouri, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden City is 0.91%, slightly below the U.S. national median of 0.99%. Local government entities within Golden City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden City 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 City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64748 zip code has both the highest and lowest median property tax rate of 0.91%. Understanding how these areas compare with Golden City provides valuable insights into the varying tax landscape across Dade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Golden City Tax Rate
0.91%
Average Dade County Tax Rate
1.05%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | 0.71% | 0.81% | 0.91% | 0.98% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Golden City, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Golden City, 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 Dade 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 City, 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. The median home price in Golden City is $73,510, with tax bills ranging from $387 at the 25th percentile to $1,664 at the 90th percentile. Being aware of these valuation processes in Golden City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Golden City Assessed Value
$73,510
Average Dade County Assessed Value
$50,295
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | $19,982 | $41,180 | $73,510 | $121,870 | $169,324 |
Source: Ownwell
Property Tax Bills Across Golden City, Missouri
In Golden City, located in Dade County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $73,510, homeowners can expect their property tax bill to fall within a range depending on the assessed value and specific tax rate applied. The 25th percentile tax bill is $387, while the 75th percentile tax bill is $1,061, and the 90th percentile reaches up to $1,664. These tax bills can significantly impact homeowners, as they represent a recurring expense that must be budgeted for annually. Compared to the national median property tax rate of 0.99%, the property taxes in Golden City can be relatively moderate, but they still play a crucial role in funding local services such as schools, infrastructure, and emergency services. This makes understanding and managing property taxes essential for homeowners in the area.
Average Golden City Tax Bill
$636
Average Dade County Tax Bill
$544
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | $199 | $387 | $636 | $1,061 | $1,664 |
Source: Ownwell