Creighton, Missouri Property Taxes
The median property tax rate in Creighton, MO is 1.19%, slightly higher than the national median of 0.99% but just below Missouri's state median of 1.20%. With a median home value of $59,550 in Creighton, the typical annual property tax bill amounts to $716, which is significantly lower than the national median of $2,690. Property taxes in Creighton are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. By understanding Creighton's property tax system and exploring available exemptions, homeowners and real estate investors can uncover opportunities for significant annual savings. Whether you're in the heart of Creighton or another part of Henry County, grasping the local property tax nuances will offer substantial benefits.
Last Updated June 14, 2024
Creighton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$709
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Creighton is 1.19%, 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 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Creighton provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Creighton Tax Rate
1.19%
Average Henry County Tax Rate
0.95%
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 | 1.03% | 1.11% | 1.19% | 1.22% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Creighton, Missouri
In Creighton, 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 Henry 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 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. For instance, the median home price in Creighton is $59,550, with tax bills ranging from $431 at the 25th percentile to $2,052 at the 90th percentile. Being aware of these valuation processes in Creighton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Creighton Assessed Value
$59,550
Average Henry County Assessed Value
$36,250
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 | $20,050 | $36,725 | $59,550 | $114,300 | $164,380 |
Source: Ownwell
Property Tax Bills Across Creighton, Missouri
In Creighton, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Creighton, located in Henry County, MO, experience a range of property tax bills. For example, the 25th percentile tax bill is $431, while the 75th percentile tax bill is $1385. At the higher end, the 90th percentile tax bill reaches $2052. These figures show significant variation, reflecting differences in property values and assessment rates. The median home price in Creighton is $59,550, which influences the overall tax bill. Compared to the national median property tax rate of 0.99%, Creighton's property taxes can be relatively affordable, but this varies widely depending on individual property assessments. Understanding these factors helps homeowners anticipate their annual tax liabilities, ensuring they can budget accordingly and avoid surprises.
Average Creighton Tax Bill
$716
Average Henry County Tax Bill
$369
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 | $239 | $431 | $716 | $1,385 | $2,052 |
Source: Ownwell