Sacramento, Missouri Property Taxes
The median property tax rate in Sacramento, Missouri, is 1.16%, which is higher than the national median of 0.99% but slightly below the state median of 1.20%. With a median home value of $9,600 in Sacramento, the typical annual property tax bill amounts to $111, which is significantly lower than the national median of $2,690. Property taxes in Sacramento are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Sacramento's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Sacramento or another part of the city, gaining insight into the local property tax system is beneficial for managing your financial obligations effectively.
Last Updated June 14, 2024
Sacramento, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$111
Ownwell’s Sacramento Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sacramento with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sacramento 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 Sacramento, Missouri
Property taxes in Sacramento, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sacramento is 1.16%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Sacramento set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sacramento 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 Sacramento's effective property tax rate to other counties in Missouri and the national median. For comparison, the 95820 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Sacramento 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 Sacramento Tax Rate
1.16%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sacramento, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95820 | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Sacramento, Missouri
In Sacramento, 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 Sacramento, 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 Sacramento helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sacramento are both $111, found in the zip code 95820.
Average Sacramento Assessed Value
$9,600
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 Sacramento, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95820 | $9,600 | $9,600 | $9,600 | $9,600 | $9,600 |
Source: Ownwell
Property Tax Bills Across Sacramento, Missouri
In Sacramento, Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in this area is $9,600. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. For homeowners in Sacramento, the median property tax bill is $111, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax bill can be beneficial for homeowners, as it reduces the overall cost of homeownership and can make the area more attractive for potential buyers. However, property taxes still play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Sacramento Tax Bill
$111
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sacramento, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95820 | $111 | $111 | $111 | $111 | $111 |
Source: Ownwell