Country Club, Missouri Property Taxes
The median property tax rate in Country Club, MO is 0.88%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Country Club at $96,300, the typical annual property tax bill is $848, well below the national median of $2,690. Property taxes in Country Club 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 Country Club'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 Country Club 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
Country Club, 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 COUNTRY CLUB Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in COUNTRY CLUB with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in COUNTRY CLUB 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 Country Club, Missouri
Property taxes in COUNTRY CLUB, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in COUNTRY CLUB is 0.88%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within COUNTRY CLUB set these rates annually, and they can vary significantly across different neighborhoods. Each year, COUNTRY CLUB 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 COUNTRY CLUB's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64506 has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with COUNTRY CLUB provides valuable insights into the varying tax landscape across Buchanan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Country Club Tax Rate
0.88%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Country Club, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64506 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Country Club, Missouri
In COUNTRY CLUB, 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. Assessment notices in COUNTRY CLUB 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 COUNTRY CLUB helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $848, found in the 64506 zip code.
Average Country Club Assessed Value
$96,300
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 Country Club, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64506 | $96,300 | $96,300 | $96,300 | $96,300 | $96,300 |
Source: Ownwell
Property Tax Bills Across Country Club, Missouri
In COUNTRY CLUB, 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. For instance, with a median home price of $96,300, the tax bill is derived from the assessed value, which is then multiplied by the local tax rate. In this area, property tax bills show little variation, with the 25th, 75th, and 90th percentiles all at $848. This uniformity indicates a stable tax environment for homeowners. Several factors influence the tax bill, including property improvements, market trends, and local government budgets. A consistent tax bill can provide homeowners with predictable expenses, aiding in financial planning. Compared to the national median property tax rate of 0.99%, COUNTRY CLUB's rate results in a manageable annual expense. Understanding this calculation helps homeowners anticipate their financial obligations and underscores the importance of accurate property assessments in determining fair tax contributions.
Average Country Club Tax Bill
$848
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Country Club, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64506 | $848 | $848 | $848 | $848 | $848 |
Source: Ownwell