Clarksdale, Missouri Property Taxes
The median property tax rate in Clarksdale, MO is 0.88%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $151,200 in Clarksdale, the typical annual property tax bill amounts to $1,287, significantly below the national median of $2,690. Property taxes in Clarksdale are calculated based on the tax assessed value, which often falls below the market value due to various 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 substantial annual savings. Whether you're in the heart of Clarksdale or another part of Buchanan County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarksdale, 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 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, Missouri
Property taxes in Clarksdale, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksdale is 0.88%, which is below 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 zip code 64430 has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with Clarksdale provides valuable insights into the varying tax landscape across Buchanan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksdale Tax Rate
0.88%
Average Buchanan County Tax Rate
1.25%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64430 | 0.85% | 0.85% | 0.88% | 0.92% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Clarksdale, 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 Buchanan 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 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 median home price in Clarksdale is $151,200, with tax bills ranging from $1,113 at the 25th percentile to $2,384 at the 90th percentile. The zip code 64430 sees the highest and lowest median tax bill at $1,287.
Average Clarksdale Assessed Value
$151,200
Average Buchanan County Assessed Value
$72,855
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64430 | $107,977 | $126,872 | $151,200 | $200,982 | $265,697 |
Source: Ownwell
Property Tax Bills Across Clarksdale, Missouri
In Clarksdale, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Clarksdale is $151,200. Homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,113, while the 75th percentile tax bill reaches $1,751. The 90th percentile tax bill climbs even higher to $2,384. These variations depend on several factors, including property size, location, and any applicable exemptions or deductions. The property tax rate in Clarksdale is influenced by local government budgets and the need to fund public services like schools, roads, and emergency services. Compared to the national median property tax rate of 0.99%, Clarksdale's rates can be seen as relatively moderate. However, the impact on homeowners can be substantial, affecting their overall cost of living and financial planning. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Clarksdale Tax Bill
$1,287
Average Buchanan County Tax Bill
$904
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64430 | $1,000 | $1,113 | $1,287 | $1,751 | $2,384 |
Source: Ownwell