Clinton, Benton County, Missouri Property Taxes
The median property tax rate in Clinton, MO is 0.98%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With the median home value in Clinton at $44,895, the typical annual property tax bill is $408, far below the national median of $2,690. Property taxes in Clinton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Clinton'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 Clinton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clinton, Benton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$440
$408
Ownwell’s Clinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton 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 Clinton, Benton County, Missouri
Property taxes in Clinton, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64735 has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Clinton provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
0.98%
Average Benton County Tax Rate
0.98%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Benton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64735 | 0.76% | 0.95% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Benton County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clinton, Missouri. 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 Benton 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 Clinton, 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. For instance, the median home price in Clinton is $44,895. Property owners in the zip code 64735 face the highest and lowest median tax bills, both at $408. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Clinton, Benton County, Missouri
Source: Ownwell
$27,737
$56,632
$85,526
Average Clinton Assessed Value
$44,895
Average Benton County Assessed Value
$50,947
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Benton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64735 | $10,211 | $21,158 | $44,895 | $87,895 | $136,526 |
Source: Ownwell
Property Tax Bills Across Clinton, Benton County, Missouri
In Clinton, located in Benton County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, the median home price in Clinton is $44,895. The tax rate applied to this assessed value determines the final tax bill. Several factors influence this calculation, including local tax rates and any applicable exemptions or deductions. Homeowners in Clinton can expect varying tax bills, with the 25th percentile paying around $195 and the 75th percentile paying approximately $858. The top 10% of taxpayers face bills as high as $1,290. These figures are relatively modest compared to the national median property tax rate of 0.99%. The highest median tax bill in the area is $408, observed in the 64735 zip code, which also happens to have the lowest median tax bill, indicating a consistent tax rate within that region. Understanding these factors helps homeowners anticipate their annual property tax obligations more accurately.
Average Clinton Tax Bill
$408
Average Benton County Tax Bill
$492
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Benton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64735 | $75 | $195 | $408 | $858 | $1,290 |
Source: Ownwell