Maitland, Missouri Property Taxes
The median property tax rate in Maitland, Missouri is 0.83%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Maitland at $51,816, the typical annual property tax bill amounts to $531, significantly below the national median of $2,690. Property taxes in Maitland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Maitland'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 Maitland 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
Maitland, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$430
Ownwell’s Maitland Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Maitland. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Maitland to provide an accurate estimate of your property tax bill. This tool offers essential insights into potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Holt County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Maitland, Missouri
Property taxes in Maitland, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maitland is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Maitland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maitland 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 Maitland's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64466 has both the highest and lowest median property tax rate of 0.83%. Understanding how these cities compare with Maitland provides valuable insights into the varying tax landscape across Holt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maitland Tax Rate
0.83%
Average Holt County Tax Rate
1.18%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maitland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64466 | 0.68% | 0.69% | 0.83% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Maitland, Missouri
In Maitland, 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 Holt 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 Maitland, 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 Maitland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Maitland is $51,816, with tax bills ranging from $276 at the 25th percentile to $1,590 at the 90th percentile. The highest and lowest median tax bill, both at $531, are found in zip code 64466.
Average Maitland Assessed Value
$51,816
Average Holt County Assessed Value
$42,789
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maitland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64466 | $12,060 | $24,752 | $51,816 | $101,458 | $188,957 |
Source: Ownwell
Property Tax Bills Across Maitland, Missouri
Property tax bills in Maitland, located in Holt County, MO, are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which is determined by local assessors. Factors such as the property's location, size, and condition are taken into account during the assessment. Once the assessed value is established, the local tax rate is applied to determine the tax bill. For homeowners in Maitland, the median home price is $51,816. Property tax bills vary significantly, with the 25th percentile at $276 and the 75th percentile reaching $927. At the 90th percentile, some homeowners may see tax bills as high as $1,590. This range illustrates the variability in tax burdens depending on individual property assessments and local tax rates, which can affect the overall affordability of homeownership. Compared to the national median property tax rate of 0.99%, the property tax rates in Maitland can significantly impact homeowners' financial planning and budgeting.
Average Maitland Tax Bill
$531
Average Holt County Tax Bill
$458
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Maitland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64466 | $138 | $276 | $531 | $927 | $1,590 |
Source: Ownwell