Moberly, Missouri Property Taxes
The median property tax rate in Moberly, MO is 1.11%, which is higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Moberly at $47,050, the typical annual property tax bill amounts to $484, significantly below the national median of $2,690. Property taxes in Moberly are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moberly'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 Moberly 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
Moberly, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$522
Ownwell’s Moberly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moberly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moberly 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 Moberly, Missouri
Property taxes in Moberly, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moberly is 1.11%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Moberly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moberly 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 Moberly's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65270 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Moberly provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moberly Tax Rate
1.11%
Average Monroe County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moberly, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65270 | 0.97% | 1.00% | 1.11% | 1.17% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Moberly, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Moberly, Missouri. 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 Monroe 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 Moberly, 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 average tax bill in Moberly ranges from $362 at the 25th percentile to $1,161 at the 75th percentile, with the highest median tax bill being $484 in the 65270 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moberly Assessed Value
$47,050
Average Monroe County Assessed Value
$49,250
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moberly, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65270 | $19,760 | $32,200 | $47,050 | $105,325 | $228,300 |
Source: Ownwell
Property Tax Bills Across Moberly, Missouri
In Moberly, located in Monroe County, MO, property tax bills are calculated based on the assessed value of a home. This value is determined by the local assessor and typically represents a percentage of the property's market value. The tax rate, which is applied to the assessed value, varies depending on local government budgets and needs. Homeowners in Moberly can expect their property tax bills to range significantly. For example, the 25th percentile tax bill is around $362, while the 75th percentile reaches $1,161, and the 90th percentile can go as high as $2,214. The median home price in Moberly is approximately $47,050, which helps contextualize these tax amounts. Compared to the national median property tax rate of 0.99%, Moberly's property tax bills reflect a localized approach to funding community services, impacting homeowners' annual expenses. Understanding these factors can help residents better anticipate their financial responsibilities and manage their budgets effectively.
Average Moberly Tax Bill
$484
Average Monroe County Tax Bill
$442
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Moberly, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65270 | $224 | $362 | $484 | $1,161 | $2,214 |
Source: Ownwell