Fulton, Callaway County, Missouri Property Taxes
The median property tax rate in Fulton, MO is 1.19%, slightly higher than the national median of 0.99% but just below the Missouri state median of 1.20%. With a median home value of $109,980 in Fulton, the typical annual property tax bill amounts to $1,246, which is lower than the national median of $2,690. Property taxes in Fulton are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Fulton'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 Fulton or another part of Callaway County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fulton, Callaway County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,309
$1,214
Ownwell’s Fulton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fulton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fulton 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 Fulton, Callaway County, Missouri
Property taxes in Fulton, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Fulton is 1.19%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fulton set these rates annually, and they can vary across different neighborhoods. Each year, Fulton 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 Fulton's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65251 has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Fulton provides valuable insights into the varying tax landscape across Callaway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fulton Tax Rate
1.19%
Average Callaway County Tax Rate
1.19%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fulton, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65251 | 0.81% | 1.16% | 1.19% | 1.21% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Fulton, Callaway County, Missouri
In Fulton, 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 Callaway County 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 Fulton, 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. The median home price in Fulton is $109,980, with tax bills ranging from $781 at the 25th percentile to $2,373 at the 90th percentile. Notably, the zip code 65251 has both the highest and lowest median tax bill of $1,246. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fulton, Callaway County, Missouri
Source: Ownwell
$41,010
$92,250
$143,490
Average Fulton Assessed Value
$109,980
Average Callaway County Assessed Value
$118,130
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fulton, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65251 | $37,080 | $68,095 | $109,980 | $155,175 | $209,630 |
Source: Ownwell
Property Tax Bills Across Fulton, Callaway County, Missouri
In Fulton, located in Callaway County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Fulton is $109,980. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any applicable exemptions also play a role in the final calculation. For homeowners in Fulton, property tax bills can vary significantly. At the 25th percentile, the tax bill is around $781, while at the 75th percentile, it climbs to $1,764. For those at the 90th percentile, the tax bill can reach as high as $2,373. The highest median tax bill recorded in the area is $1,246, which is slightly above the national median property tax rate of 0.99%. These tax obligations can impact homeowners' budgets and influence decisions on property investments and home improvements.
Average Fulton Tax Bill
$1,246
Average Callaway County Tax Bill
$1,342
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Fulton, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65251 | $426 | $781 | $1,246 | $1,764 | $2,373 |
Source: Ownwell