Cleveland, Missouri Property Taxes
The median property tax rate in Cleveland, MO is 1.40%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Cleveland at $150,710, the typical annual property tax bill reaches $2,023, which is below the national median of $2,690. Property taxes in Cleveland 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 Cleveland'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 Cleveland 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
Cleveland, 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 Cleveland Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cleveland with ease. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Cleveland to provide an accurate property tax bill estimate. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more granular details, neighborhood-level trends are available further down the page. Your property's assessed value, determined by Cass County, forms the basis for property tax calculations and incorporates any applicable exemptions.
Property Tax Rates Across Cleveland, Missouri
Property taxes in Cleveland, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cleveland is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleveland 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 Cleveland's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64734 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Cleveland provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleveland Tax Rate
1.40%
Average Cass County Tax Rate
1.46%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleveland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64734 | 1.23% | 1.30% | 1.40% | 1.40% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland, Missouri
In Cleveland, 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 Cass 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 Cleveland, 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 Cleveland is $150,710, with tax bills ranging from $1,336 at the 25th percentile to $3,658 at the 90th percentile. Notably, the highest and lowest median tax bills are both in zip code 64734, amounting to $2,023. 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 Cleveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cleveland Assessed Value
$150,710
Average Cass County Assessed Value
$149,060
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleveland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64734 | $53,350 | $98,673 | $150,710 | $207,020 | $272,410 |
Source: Ownwell
Property Tax Bills Across Cleveland, Missouri
In Cleveland, located in Cass County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Cleveland is $150,710. The tax rate is applied to this assessed value to determine the annual property tax bill. For homeowners in Cleveland, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is $1,336, while the 75th percentile tax bill reaches $2,832, and the 90th percentile goes up to $3,658. Several factors influence the property tax bill, including changes in the assessed property value, local tax rates, and any applicable exemptions. These taxes are crucial for funding local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Cleveland's property tax bills reflect the local economic conditions and funding needs, directly impacting homeowners' annual financial planning and the affordability of homeownership in the area.
Average Cleveland Tax Bill
$2,023
Average Cass County Tax Bill
$2,217
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleveland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64734 | $763 | $1,336 | $2,023 | $2,832 | $3,658 |
Source: Ownwell