Crocker, Missouri Property Taxes
The median property tax rate in Crocker, MO is 2.65%, significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Crocker, the typical annual property tax bill reaches $39, which is well below the national median of $2,690. Property taxes in Crocker are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crocker'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 Crocker 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
Crocker, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.65%
Estimate Property Tax Bill
$40
Ownwell’s Crocker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crocker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crocker 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 Crocker, Missouri
Property taxes in Crocker, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crocker is 2.65%, significantly higher than the U.S. national median of 0.99%. Local government entities within Crocker set these rates annually, and they can vary across different neighborhoods. Each year, Crocker 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 Crocker's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65452 has both the highest and lowest median property tax rate of 2.65%. Understanding how these areas compare with Crocker provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crocker Tax Rate
2.65%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crocker, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65452 | 2.36% | 2.47% | 2.65% | 2.83% | 2.94% |
Source: Ownwell
Property Tax Assessment Values Across Crocker, Missouri
In Crocker, 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 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 Crocker, 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 Crocker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the zip code with the highest tax bill has an annual median of $41, while the lowest is $37.
Average Crocker Assessed Value
$1,500
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 Crocker, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65452 | $1,260 | $1,350 | $1,500 | $1,650 | $1,740 |
Source: Ownwell
Property Tax Bills Across Crocker, Missouri
In Crocker, located in Morgan County, MO, property tax bills are determined by assessing the market value of a property and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by local authorities. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Crocker, the median home price is relatively low at $1,500. Consequently, property tax bills are modest, with the 25th percentile tax bill at $37 and the 75th percentile at $40. Even at the 90th percentile, the tax bill only reaches $41. This is significantly lower than the national median property tax rate of 0.99%, offering a considerable financial advantage to homeowners in the area. Lower property taxes mean that homeowners in Crocker can allocate more of their budget to other expenses, contributing to a more affordable cost of living.
Average Crocker Tax Bill
$39
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Crocker, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65452 | $37 | $37 | $39 | $40 | $41 |
Source: Ownwell