Duluth, Missouri Property Taxes
The median property tax rate in Duluth, MO is 0.85%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Duluth, the typical annual property tax bill reaches $25, significantly below the national median of $2,690. Property taxes in Duluth are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Duluth'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 Duluth 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
Duluth, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$25
Ownwell’s Duluth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Duluth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duluth to provide an estimate of your property tax bill. This valuable 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 Morgan County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Duluth, Missouri
Property taxes in Duluth, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duluth is 1.25%, higher than both the Missouri state median of 1.00% and the U.S. national median of 0.99%. Local government entities within Duluth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duluth 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 Duluth's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63033 zip code has the highest median property tax rate of 1.35%, while the 63021 zip code has the lowest median tax rate of 0.85%. Understanding how these cities compare with Duluth 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 Duluth Tax Rate
0.85%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duluth, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Duluth, Missouri
In Duluth, 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 Duluth, 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 Duluth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Duluth Assessed Value
$2,900
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 Duluth, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Duluth, Missouri
In Duluth, Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value determined by local assessors. The tax rate, applied to this assessed value, plays a crucial role in determining the final tax bill. The median home price in Duluth is $2,900, and property tax rates in the area are influenced by various factors, including local government budgets and public service funding needs. Homeowners in Duluth can expect their tax bills to vary significantly. For instance, tax bills at the 25th, 75th, and 90th percentiles are all $25, indicating a relatively uniform tax rate across different property values. This uniformity can help homeowners predict their annual expenses more accurately. Compared to the national median property tax rate of 0.99%, Duluth's rates offer a different perspective on property tax affordability. Understanding these factors can help homeowners better plan for their financial obligations and potentially seek exemptions or appeals if they believe their property has been over-assessed.
Average Duluth Tax Bill
$25
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Duluth, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell