Archie, Missouri Property Taxes
The median property tax rate in Archie, MO is 1.27%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Archie, the typical annual property tax bill reaches $103, significantly lower than the national median of $2,690. Property taxes in Archie are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Archie'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 Archie or another part of Morgan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Archie, 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 Archie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Archie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Archie 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 Archie, Missouri
Property taxes in Archie, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Archie is 1.27%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Archie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Archie 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 Archie's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64725 zip code has the highest median property tax rate of 1.27%, while the 64725 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Archie provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Archie Tax Rate
1.27%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Archie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64725 | 1.01% | 1.10% | 1.27% | 1.43% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Archie, Missouri
In Archie, 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 Morgan 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 Archie, 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 Archie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 64725 has both the highest and lowest median tax bills, each at $103.
Average Archie Assessed Value
$9,750
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Archie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64725 | $4,830 | $6,675 | $9,750 | $12,825 | $14,670 |
Source: Ownwell
Property Tax Bills Across Archie, Missouri
In Archie, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate applied to the assessed value determines the final tax bill. For instance, a home with a median price of $9,750 in Archie can expect a tax bill ranging from $80 at the 25th percentile to $140 at the 90th percentile. The median tax bill in the area is $103, which aligns with both the highest and lowest median tax bills recorded in the 64725 zip code. Factors influencing the tax bill include the home's market value, local tax rates, and any applicable exemptions or deductions. Homeowners in Archie should note that while property tax rates in the area may seem modest, they can still significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Archie's property tax rates offer a relatively affordable option, making it an appealing location for homeowners looking for lower property tax burdens.
Average Archie Tax Bill
$103
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Archie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64725 | $67 | $80 | $103 | $126 | $140 |
Source: Ownwell