Carrollton, Missouri Property Taxes
The median property tax rate in Carrollton, MO is 1.23%, notably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Carrollton, the typical annual property tax bill reaches $37, which is significantly lower than the national median of $2,690. Property taxes in Carrollton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Carrollton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Carrollton 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
Carrollton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$37
Ownwell’s Carrollton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carrollton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carrollton 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 Carrollton, Missouri
Property taxes in Carrollton, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carrollton is 1.23%, higher than the U.S. national median of 0.99%. Local government entities within Carrollton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carrollton 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 Carrollton's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64633 zip code has the highest median property tax rate of 1.23%, while the 64633 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Carrollton provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carrollton Tax Rate
1.23%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carrollton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64633 | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Carrollton, Missouri
In Carrollton, 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 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 Carrollton, 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 Carrollton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carrollton Assessed Value
$3,000
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 Carrollton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64633 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
Source: Ownwell
Property Tax Bills Across Carrollton, Missouri
In Carrollton, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value determined by county assessors. This value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Carrollton is $3,000, and the property tax rate is significantly lower than the national median of 0.99%. Factors influencing the tax bill include the home's assessed value and the applicable tax rate. In Carrollton, the property tax bills range from $37 at the 25th percentile to $37 at the 90th percentile, indicating a consistent tax rate across different property values. For homeowners, this means that property taxes are relatively predictable and stable, providing a clear picture of annual financial obligations. This stability can be advantageous for budgeting and financial planning, ensuring that homeowners are not caught off-guard by fluctuating tax bills.
Average Carrollton Tax Bill
$37
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Carrollton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64633 | $37 | $37 | $37 | $37 | $37 |
Source: Ownwell