Clarksdale, Andrew County, Missouri Property Taxes
The median property tax rate in Clarksdale, MO is 0.97%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Clarksdale at $105,090, the typical annual property tax bill is $1,105, which is well below the national median of $2,690. Property taxes in Clarksdale are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Clarksdale'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 Clarksdale 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
Clarksdale, Andrew County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,019
$946
Ownwell’s Clarksdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksdale 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 Clarksdale, Andrew County, Missouri
Property taxes in Clarksdale, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksdale is 1.25%, higher than both the Missouri state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Clarksdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksdale 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 Clarksdale's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64430 zip code has the highest median property tax rate of 1.25%, while the 64430 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Clarksdale provides valuable insights into the varying tax landscape across Andrew County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksdale Tax Rate
0.97%
Average Andrew County Tax Rate
1.22%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksdale, Andrew County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64430 | 0.69% | 0.69% | 0.97% | 1.06% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Clarksdale, Andrew County, Missouri
In Clarksdale, 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 local 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 Clarksdale, 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 Clarksdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Andrew County are both $1105.00, found in the 64430 zip code.
Property Tax Assessment Values Across Clarksdale, Andrew County, Missouri
Source: Ownwell
$48,030
$174,195
$300,360
Average Clarksdale Assessed Value
$105,090
Average Andrew County Assessed Value
$108,235
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksdale, Andrew County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64430 | $23,675 | $51,472 | $105,090 | $190,742 | $227,975 |
Source: Ownwell
Property Tax Bills Across Clarksdale, Andrew County, Missouri
In Clarksdale, located in Andrew County, MO, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Clarksdale is $105,090. Property taxes are determined by multiplying the assessed value by the local tax rate. The tax bill varies significantly across different percentiles. For instance, the 25th percentile tax bill is $450, while the 75th percentile tax bill rises to $1,962, and the 90th percentile tax bill reaches $2,336. This variation indicates that higher-valued properties or those in more desirable locations incur higher tax bills. Compared to the national median property tax rate of 0.99%, Clarksdale's rates can be considered moderate. Homeowners in Clarksdale should be aware of these factors as they directly influence their annual property tax obligations, impacting their overall cost of homeownership and budgeting.
Average Clarksdale Tax Bill
$1,105
Average Andrew County Tax Bill
$1,278
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksdale, Andrew County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64430 | $163 | $450 | $1,105 | $1,962 | $2,336 |
Source: Ownwell