Gladstone, Missouri Property Taxes
The median property tax rate in Gladstone, MO is 1.19%, which is higher than the national median of 0.99% but slightly below the Missouri state median of 1.20%. With a median home value of $185,500 in Gladstone, the typical annual property tax bill amounts to $2,106, which is still below the national median of $2,690. Property taxes in Gladstone are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding the property tax system in Gladstone, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Gladstone or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gladstone, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$2,207
Ownwell’s Gladstone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gladstone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gladstone 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 Gladstone, Missouri
Property taxes in Gladstone, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gladstone is 1.19%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Gladstone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gladstone 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 Gladstone's effective property tax rate to other areas in Clay County and the national median. For comparison, the 64119 zip code has the highest median property tax rate of 1.23%, while the 64118 zip code has the lowest median tax rate of 1.19%. Understanding how these cities compare with Gladstone provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gladstone Tax Rate
1.19%
Average Clay County Tax Rate
1.34%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gladstone, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64118 | 1.12% | 1.18% | 1.19% | 1.19% | 1.21% |
| 64119 | 1.17% | 1.22% | 1.23% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Gladstone, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gladstone, Missouri. The market value represents 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 Clay 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 Gladstone, 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. For instance, the highest median tax bill is $3,196 in the 64119 zip code, while the lowest is $2,025 in the 64118 zip code. 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 Gladstone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gladstone Assessed Value
$185,500
Average Clay County Assessed Value
$203,105
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gladstone, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64118 | $131,295 | $164,316 | $174,105 | $176,684 | $197,789 |
| 64119 | $215,211 | $243,316 | $269,526 | $301,368 | $342,526 |
Source: Ownwell
Property Tax Bills Across Gladstone, Missouri
In Gladstone, MO, located in Clay County, 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 Gladstone is $185,500. The local tax rate is applied to this assessed value to determine the annual property tax bill. For example, homeowners in the 25th percentile pay around $2,018, while those in the 75th percentile see bills closer to $3,045. The 90th percentile tax bill can reach up to $3,635. Several factors influence these calculations, including the home's market value, local tax rates, and any applicable exemptions. Homeowners in the highest median tax bill zip code, 64119, pay approximately $3,196, whereas those in the lowest median tax bill zip code, 64118, pay around $2,025. Compared to the national median property tax rate of 0.99%, Gladstone's tax bills reflect a significant investment in maintaining local services and infrastructure, impacting homeowners' annual financial planning.
Average Gladstone Tax Bill
$2,106
Average Clay County Tax Bill
$2,651
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Gladstone, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64118 | $1,566 | $1,958 | $2,025 | $2,083 | $2,232 |
| 64119 | $2,736 | $2,923 | $3,196 | $3,777 | $4,205 |
Source: Ownwell