Golden City, Missouri Property Taxes
The median property tax rate in Golden City, MO is 1.02%, 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 $40,526 in Golden City, the typical annual property tax bill amounts to $380, which is significantly below the national median of $2,690. Property taxes in Golden City are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Golden City'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 Golden City or another part of Barton County, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Golden City, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$413
Ownwell’s Golden City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golden City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golden City 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 Golden City, Missouri
Property taxes in Golden City, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden City is 1.02%, higher than the U.S. national median of 0.99%. Local government entities within Golden City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden City 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 Golden City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64748 zip code has both the highest and lowest median property tax rate of 1.02%. Understanding how these cities compare with Golden City provides valuable insights into the varying tax landscape across Barton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Golden City Tax Rate
1.02%
Average Barton County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | 0.71% | 0.84% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Golden City, Missouri
In Golden City, 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 Barton 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 Golden City, 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. For example, in Golden City, the median home price is $40,526, with tax bills ranging from $213 at the 25th percentile to $1,013 at the 90th percentile. Notably, the zip code 64748 has the highest and lowest median tax bill at $380. 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 Golden City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Golden City Assessed Value
$40,526
Average Barton County Assessed Value
$57,829
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | $10,969 | $21,974 | $40,526 | $71,050 | $124,039 |
Source: Ownwell
Property Tax Bills Across Golden City, Missouri
In Golden City, Barton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $40,526, the tax bill can vary significantly. Homeowners in the 25th percentile see bills around $213, while those in the 75th percentile pay approximately $622. At the 90th percentile, the tax bill can reach up to $1,013. Several factors influence these amounts, including local tax rates and any applicable exemptions or deductions. The highest and lowest median tax bills in the area are both recorded at $380 in the 64748 zip code. Compared to the national median property tax rate of 0.99%, Golden City offers relatively affordable property taxes, which can be a financial relief for homeowners. Understanding these calculations helps residents plan their finances and make informed decisions about property ownership in the area.
Average Golden City Tax Bill
$380
Average Barton County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | $112 | $213 | $380 | $622 | $1,013 |
Source: Ownwell