Maysville, Missouri Property Taxes
The median property tax rate in Maysville, MO is 1.01%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Maysville at $88,955, the typical annual property tax bill amounts to $850, which is significantly below the national median of $2,690. Property taxes in Maysville 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 Maysville'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 Maysville 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
Maysville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$898
Ownwell’s Maysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maysville 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 Maysville, Missouri
Property taxes in Maysville, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maysville is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Maysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maysville 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 Maysville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64469 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these areas compare with Maysville provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maysville Tax Rate
1.01%
Average Dekalb County Tax Rate
1.02%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maysville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64469 | 0.82% | 0.92% | 1.01% | 1.06% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Maysville, Missouri
In Maysville, 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 DeKalb 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 Maysville, 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. For instance, the median home price in Maysville is $88,955, with tax bills ranging from $448 at the 25th percentile to $2,117 at the 90th percentile. The highest and lowest median tax bills are both $850, found in the 64469 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maysville Assessed Value
$88,955
Average Dekalb County Assessed Value
$90,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maysville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64469 | $26,570 | $46,768 | $88,955 | $146,168 | $207,220 |
Source: Ownwell
Property Tax Bills Across Maysville, Missouri
In Maysville, DeKalb County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assessor determines this assessed value, and then local tax rates are applied to compute the tax bill. For instance, with a median home price of $88,955, homeowners can expect varying tax bills depending on specific factors like property location and improvements. The tax bill in Maysville can range significantly. At the 25th percentile, homeowners might pay around $448, while those at the 75th percentile could see bills as high as $1,496. For the top 10% of property values, tax bills can reach approximately $2,117. Compared to the national median property tax rate of 0.99%, these figures offer a perspective on local tax burdens. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting homeowners' quality of life. Understanding how these factors interplay helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Maysville Tax Bill
$850
Average Dekalb County Tax Bill
$916
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Maysville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64469 | $257 | $448 | $850 | $1,496 | $2,117 |
Source: Ownwell