Marionville, Missouri Property Taxes
The median property tax rate in Marionville, MO is 0.96%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With a median home value of $77,147 in Marionville, the typical annual property tax bill is around $754, which is much less than the national median of $2,690. Property taxes in Marionville are determined based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Marionville's property tax system, exploring available exemptions, and pinpointing opportunities for reductions can result in substantial annual savings. Whether you're residing in the bustling heart of Marionville or its quieter outskirts, familiarizing yourself with the local property tax framework will be advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Marionville, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Marionville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marionville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marionville 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 Marionville, Missouri
Property taxes in Marionville, Missouri, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Marionville is 0.96%, which is just below the U.S. national median of 0.99%. Local government entities within Marionville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marionville 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 Marionville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65705 zip code has both the highest and the lowest median property tax rate of 0.96%. Understanding how these cities compare with Marionville provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marionville Tax Rate
0.96%
Average Lawrence County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marionville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65705 | 0.89% | 0.93% | 0.96% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Marionville, Missouri
In Marionville, 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 Lawrence 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 Marionville, 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 Marionville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $77,147, with tax bills ranging from $401 at the 25th percentile to $2,220 at the 90th percentile. The zip code 65705 has the highest and lowest median tax bill at $754.
Average Marionville Assessed Value
$77,147
Average Lawrence County Assessed Value
$87,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marionville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65705 | $16,650 | $39,656 | $77,147 | $136,124 | $233,440 |
Source: Ownwell
Property Tax Bills Across Marionville, Missouri
In Marionville, located in Lawrence County, MO, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local assessor and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the final tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by local taxing authorities. For instance, Marionville homeowners with properties in the 25th percentile pay around $401 annually, while those in the 75th percentile face a bill of about $1,352. At the 90th percentile, the tax bill can reach up to $2,220. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding these factors can help in budgeting and financial planning, ensuring they are prepared for their annual tax obligations.
Average Marionville Tax Bill
$754
Average Lawrence County Tax Bill
$784
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Marionville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65705 | $172 | $401 | $754 | $1,352 | $2,220 |
Source: Ownwell