Utica, Missouri Property Taxes
The median property tax rate in Utica, Missouri is 1.21%, slightly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Utica, the typical annual property tax bill is $412, well below the national median of $2,690. Property taxes in Utica are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Utica'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 Utica 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
Utica, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$445
Ownwell’s Utica Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Utica with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Utica 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 Utica, Missouri
Property taxes in Utica, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Utica is 1.21%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Utica set these rates annually, and they can vary significantly across different neighborhoods. Each year, Utica 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 Utica's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64686 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Utica provides valuable insights into the varying tax landscape across Livingston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Utica Tax Rate
1.21%
Average Livingston County Tax Rate
1.26%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Utica, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64686 | 0.91% | 1.10% | 1.21% | 1.29% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Utica, Missouri
In Utica, 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 Livingston 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 Utica, 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. The median home price in Utica is $36,795, with tax bills ranging from $217 at the 25th percentile to $932 at the 90th percentile. The highest and lowest median tax bill, both at $412, are found in the 64686 zip code. 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 Utica helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Utica Assessed Value
$36,795
Average Livingston County Assessed Value
$65,985
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Utica, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64686 | $8,150 | $16,812 | $36,795 | $61,672 | $87,172 |
Source: Ownwell
Property Tax Bills Across Utica, Missouri
In Utica, Missouri, property tax bills are calculated based on the assessed value of a property, which is determined by the local county assessor. The assessed value is a percentage of the property's market value, and this value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $36,795 in Utica, homeowners can expect tax bills to vary significantly. The 25th percentile tax bill stands at $217, while the 75th percentile tax bill reaches $726, and the 90th percentile tax bill goes up to $932. These figures indicate a range of tax burdens depending on the assessed value of the property. The highest and lowest median tax bills in Livingston County are both recorded at $412 in the 64686 zip code, demonstrating some consistency within the area. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, making property tax management a crucial aspect of homeownership in Utica.
Average Utica Tax Bill
$412
Average Livingston County Tax Bill
$794
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Utica, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64686 | $115 | $217 | $412 | $726 | $932 |
Source: Ownwell