Clarksville, Missouri Property Taxes
The median property tax rate in Clarksville, MO is 1.13%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $119,200 in Clarksville, the typical annual property tax bill amounts to $1,226, which is below the national median of $2,690. Property taxes in Clarksville are determined based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Clarksville'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 Clarksville or another part of Pike County, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarksville, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Clarksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksville 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 Clarksville, Missouri
Property taxes in Clarksville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksville is 1.13%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Clarksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksville 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 Clarksville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63336 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Clarksville provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksville Tax Rate
1.13%
Average Pike County Tax Rate
1.04%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63336 | 0.94% | 1.03% | 1.13% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Clarksville, Missouri
In Clarksville, 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 Pike County Assessor's Office 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 Clarksville, 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 Clarksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clarksville is $119,200, with the 25th percentile tax bill at $652 and the 75th percentile tax bill at $2,237. The highest and lowest median tax bills are both $1,226 in zip code 63336.
Average Clarksville Assessed Value
$119,200
Average Pike County Assessed Value
$71,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63336 | $25,656 | $55,188 | $119,200 | $201,760 | $309,784 |
Source: Ownwell
Property Tax Bills Across Clarksville, Missouri
In Clarksville, located in Pike County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $119,200. Property tax rates are applied to this assessed value to determine the tax bill. Factors such as the property’s location, size, and improvements can influence its assessed value. For homeowners, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $652, while the 75th percentile reaches $2,237, and the 90th percentile can be as high as $3,222. Comparatively, the highest median tax bill in the 63336 zip code stands at $1,226, which is above the national median property tax rate of 0.99%. These variations in property tax bills can impact homeowners' financial planning, making it essential to understand how local assessments and rates affect their annual obligations.
Average Clarksville Tax Bill
$1,226
Average Pike County Tax Bill
$720
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63336 | $315 | $652 | $1,226 | $2,237 | $3,222 |
Source: Ownwell