Orlando, Missouri Property Taxes
The median property tax rate in Orlando, MO is 1.10%, slightly above the national median of 0.99% but lower than Missouri's state median of 1.20%. With the median home value in Orlando, the typical annual property tax bill amounts to $150, significantly below the national median of $2,690. Property taxes in Orlando are based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Orlando'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 Orlando or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Orlando, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$150
Ownwell’s Orlando Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orlando with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orlando 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 Orlando, Missouri
Property taxes in Orlando, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orlando is 1.10%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Orlando set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orlando 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 Orlando's effective property tax rate to other counties in Missouri and the national median. For comparison, the 32818 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Orlando 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 Orlando Tax Rate
1.10%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orlando, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32818 | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Orlando, Missouri
In Orlando, 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 Orlando, 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 Orlando helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 32818, and the lowest is also 32818, both at $150.
Average Orlando Assessed Value
$13,600
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 Orlando, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32818 | $13,600 | $13,600 | $13,600 | $13,600 | $13,600 |
Source: Ownwell
Property Tax Bills Across Orlando, Missouri
In Orlando, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and typically represents a percentage of the property's market value. The tax rate, also known as the millage rate, is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. In Orlando, homeowners see property tax bills that range significantly, with the 25th, 75th, and 90th percentiles all at $150. This uniformity indicates a relatively stable property tax environment within the city, which can be beneficial for budgeting and financial planning. Compared to the national median property tax rate of 0.99%, Orlando's property tax bills are quite modest. This lower tax burden can make homeownership more affordable and attractive, potentially increasing property values and fostering a stable community environment.
Average Orlando Tax Bill
$150
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Orlando, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32818 | $150 | $150 | $150 | $150 | $150 |
Source: Ownwell