Carterville, Missouri Property Taxes
The median property tax rate in Carterville, MO is 1.02%, slightly above the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $52,865 in Carterville, the typical annual property tax bill amounts to $527, which is significantly below the national median of $2,690. Property taxes in Carterville are calculated based on the assessed value, which is often less than the market value due to various exemptions, including those for primary residences and agricultural properties. By understanding Carterville's property tax system, exploring available exemptions, and finding opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Carterville or another part of the city, being well-informed about the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Carterville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$539
Ownwell’s Carterville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carterville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carterville 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 Carterville, Missouri
Property taxes in Carterville, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carterville is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Carterville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carterville 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 Carterville's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 64835 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Carterville provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carterville Tax Rate
1.02%
Average Jasper County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carterville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64835 | 0.99% | 1.01% | 1.02% | 1.04% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Carterville, Missouri
In Cartersville, 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 Jasper 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 Cartersville, 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 Cartersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cartersville is $527 in zip code 64835.
Average Carterville Assessed Value
$52,865
Average Jasper County Assessed Value
$82,940
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carterville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64835 | $16,428 | $36,158 | $52,865 | $78,460 | $105,385 |
Source: Ownwell
Property Tax Bills Across Carterville, Missouri
In Carterville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value, and in Carterville, it plays a crucial role in determining the final tax bill. Homeowners in Carterville can expect a wide range of tax bills depending on various factors, including the assessed value and applicable tax rates. For instance, the 25th percentile tax bill is $346, while the 75th percentile tax bill is $733, and the 90th percentile tax bill reaches up to $1063. The median home price in Carterville is $52,865, which is significantly lower than the national median. Despite the lower home values, the tax bills still vary considerably, reflecting differences in property assessments and local tax rates. Homeowners in Carterville should be aware of these factors as they can significantly impact their annual expenses. Understanding how these elements interplay can help homeowners better anticipate their financial obligations and plan accordingly.
Average Carterville Tax Bill
$527
Average Jasper County Tax Bill
$737
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Carterville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64835 | $147 | $346 | $527 | $733 | $1,063 |
Source: Ownwell