Marceline, Missouri Property Taxes
The median property tax rate in Marceline, MO is 1.13%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $11,500 in Marceline, the typical annual property tax bill is $138, which is significantly below the national median of $2,690. Property taxes in Marceline are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Marceline'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 Marceline or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marceline, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$130
Ownwell’s Marceline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marceline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marceline 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 Marceline, Missouri
Property taxes in Marceline, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marceline is 1.13%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Marceline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marceline 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 Marceline's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64658 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Marceline provides valuable insights into the varying tax landscape across Linn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marceline Tax Rate
1.13%
Average Linn County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marceline, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64658 | 0.79% | 1.09% | 1.13% | 1.15% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Marceline, Missouri
In Marceline, 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 Linn 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 Marceline, 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. The median home price in Marceline is $11,500, with the 25th percentile tax bill at $58 and the 75th percentile at $587. The highest and lowest median tax bills are both $138 in the 64658 zip code. Being aware of these valuation processes in Marceline helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marceline Assessed Value
$11,500
Average Linn County Assessed Value
$25,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marceline, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64658 | $3,340 | $5,000 | $11,500 | $52,800 | $90,040 |
Source: Ownwell
Property Tax Bills Across Marceline, Missouri
Property tax bills in Marceline, located in Linn County, MO, are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For example, with a median home price of $11,500, homeowners can expect their assessed value to be a fraction of this amount. The property tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including the property's location within specific tax districts, any applicable exemptions, and the overall tax rate set by local government entities. In Marceline, tax bills can vary significantly. The 25th percentile tax bill is around $58, while the 75th percentile tax bill reaches $587. For those at the higher end, the 90th percentile tax bill can go up to $1,064. These property taxes contribute to funding essential services such as schools, public safety, and infrastructure, directly impacting homeowners by supporting the community's overall quality of life.
Average Marceline Tax Bill
$138
Average Linn County Tax Bill
$264
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Marceline, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64658 | $38 | $58 | $138 | $587 | $1,064 |
Source: Ownwell