Marble Hill, Missouri Property Taxes
The median property tax rate in Marble Hill, MO is 0.79%, lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Marble Hill, the typical annual property tax bill reaches $495, significantly below the national median of $2,690. Property taxes in Marble Hill are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marble Hill'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 Marble Hill 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
Marble Hill, 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 Marble Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marble Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marble Hill 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 Marble Hill, Missouri
Property taxes in Marble Hill, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marble Hill is 0.79%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Marble Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marble Hill 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 Marble Hill's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63764 zip code has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Marble Hill provides valuable insights into the varying tax landscape across Bollinger County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marble Hill Tax Rate
0.79%
Average Bollinger County Tax Rate
0.80%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marble Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63764 | 0.72% | 0.78% | 0.79% | 0.80% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Marble Hill, Missouri
In Marble Hill, 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 Bollinger 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. Assessment notices in Marble Hill 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 Marble Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Marble Hill is $60,510, with property tax bills ranging from $231 at the 25th percentile to $1,216 at the 90th percentile. The zip code 63764 has the highest and lowest median tax bill, both at $495.
Average Marble Hill Assessed Value
$60,510
Average Bollinger County Assessed Value
$59,990
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marble Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63764 | $7,716 | $26,402 | $60,510 | $103,220 | $151,812 |
Source: Ownwell
Property Tax Bills Across Marble Hill, Missouri
In Marble Hill, located in Bollinger 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 Marble Hill is $60,510. Property taxes are levied by local taxing authorities and are influenced by the tax rate and assessed value. The median property tax rate in the area is notably lower than the national median property tax rate of 0.99%. Homeowners in Marble Hill can expect their tax bills to vary significantly, with the 25th percentile tax bill at $231 and the 75th percentile reaching $835. For those at the higher end, the 90th percentile tax bill can be as much as $1,216. These tax bills contribute to funding local services such as schools, infrastructure, and public safety. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Marble Hill Tax Bill
$495
Average Bollinger County Tax Bill
$498
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Marble Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63764 | $84 | $231 | $495 | $835 | $1,216 |
Source: Ownwell