Glendale, Missouri Property Taxes
The median property tax rate in Glendale, MO is 1.51%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Glendale, the typical annual property tax bill reaches $62, exceeding the national median of $2,690. Property taxes in Glendale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glendale'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 Glendale 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
Glendale, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$62
Ownwell’s Glendale Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glendale effortlessly. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Glendale to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp your potential tax liabilities with ease. For those interested in more granular insights, you can find neighborhood-specific trends by scrolling down. Your property’s assessed value, determined by Morgan County, forms the basis for these calculations, taking into account any applicable exemptions.
Property Tax Rates Across Glendale, Missouri
Property taxes in Glendale, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glendale is 1.51%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Glendale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glendale 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 Glendale's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63122 has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these areas compare with Glendale 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 Glendale Tax Rate
1.51%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glendale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63122 | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Glendale, Missouri
In Glendale, 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 Glendale, 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 Glendale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glendale Assessed Value
$4,100
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 Glendale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63122 | $4,100 | $4,100 | $4,100 | $4,100 | $4,100 |
Source: Ownwell
Property Tax Bills Across Glendale, Missouri
In Glendale, Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. For example, if a home has a market value of $4,100, the assessed value would be a fraction of that amount, depending on local assessment ratios. Once the assessed value is determined, the property tax rate is applied to calculate the tax bill. In Morgan County, the tax rate can vary, but it is essential to note that the national median property tax rate is 0.99%. Property tax bills can significantly impact homeowners, as they represent an ongoing cost of owning property. In Glendale, the 25th, 75th, and 90th percentile tax bills are all $62, indicating a relatively uniform tax burden for most homeowners. Understanding these factors helps homeowners anticipate their annual expenses and plan their budgets accordingly.
Average Glendale Tax Bill
$62
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Glendale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63122 | $62 | $62 | $62 | $62 | $62 |
Source: Ownwell