Marceline, Missouri Property Taxes
The median property tax rate in Marceline, MO is 1.15%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $28,359, the typical annual property tax bill in Marceline is $321, significantly below the national median of $2,690. Property taxes in Marceline are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. 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, comprehending 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
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Marceline Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating 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 0.86%, which is lower than both the Missouri state median of 0.97% 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 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Marceline provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marceline Tax Rate
1.15%
Average Macon County Tax Rate
0.97%
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 | 1.04% | 1.08% | 1.15% | 1.36% | 1.36% |
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 local 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. Being aware of these valuation processes in Marceline helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Marceline is $28,359, and the highest median tax bill is $321 in the 64658 zip code.
Average Marceline Assessed Value
$28,359
Average Macon County Assessed Value
$49,737
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 | $15,253 | $23,526 | $28,359 | $36,408 | $174,647 |
Source: Ownwell
Property Tax Bills Across Marceline, Missouri
In Marceline, located in Macon County, MO, property tax bills are determined based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $28,359, homeowners can expect varying tax bills. Factors influencing the tax bill include property size, location, and any applicable exemptions. The 25th percentile tax bill is around $307, while the 75th percentile reaches $370. High-value properties can see tax bills soar to the 90th percentile, around $1,982. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Marceline's rates offer a relatively affordable option for residents. Understanding how these factors interplay can help homeowners better anticipate their annual property tax obligations.
Average Marceline Tax Bill
$321
Average Macon County Tax Bill
$506
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 | $203 | $307 | $321 | $370 | $1,982 |
Source: Ownwell