Tina, Missouri Property Taxes
The median property tax rate in Tina, MO is 1.42%, significantly higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Tina, the typical annual property tax bill amounts to $68, which is well below the national median of $2,690. Property taxes in Tina are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Tina'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 Tina or another part of Morgan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tina, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$68
Ownwell’s Tina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tina 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 Tina, Missouri
Property taxes in Tina, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tina is 1.42%, which is higher than the U.S. national median of 0.99%. Local government entities within Tina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tina 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 Tina's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64682 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Tina 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 Tina Tax Rate
1.42%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tina, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64682 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Tina, Missouri
In TINA, 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 TINA, 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 TINA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest and lowest tax bills are both valued at $68, reflecting the uniformity in tax assessments within the region.
Average Tina Assessed Value
$4,800
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 Tina, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64682 | $4,800 | $4,800 | $4,800 | $4,800 | $4,800 |
Source: Ownwell
Property Tax Bills Across Tina, Missouri
In the city of Tina, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, determined by the county assessor's office. For homeowners in Tina, the median home price stands at $4,800, a figure significantly lower than the national median. Property tax rates in this region are then applied to the assessed value to determine the annual tax bill. Factors influencing the tax bill include the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For instance, the tax bill for the 25th, 75th, and 90th percentiles in Tina is consistently $68, reflecting a relatively uniform tax structure. This amount is considerably lower than the national median property tax rate of 0.99%. For homeowners, this means a more affordable cost of living, but it also implies that local government services may rely on other revenue sources. Understanding these factors helps homeowners manage their finances and anticipate yearly expenses.
Average Tina Tax Bill
$68
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Tina, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64682 | $68 | $68 | $68 | $68 | $68 |
Source: Ownwell