Gower, Clinton County, Missouri Property Taxes
The median property tax rate in Gower, MO is 1.51%, significantly higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Gower at $151,790, the typical annual property tax bill is approximately $2,319, slightly below the national median of $2,690. Property taxes in Gower 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 Gower'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 Gower or another part of Clinton County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gower, Clinton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$2,292
$2,127
Ownwell’s Gower Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gower with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gower 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 Gower, Clinton County, Missouri
Property taxes in Gower, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gower is 0.91%, slightly lower than the Missouri state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Gower set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gower 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 Gower's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64454 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Gower provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gower Tax Rate
1.51%
Average Clinton County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gower, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64454 | 1.20% | 1.42% | 1.51% | 1.56% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Gower, Clinton County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gower, Missouri. 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 Clinton 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 Gower, 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 Gower helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2319 in the 64454 zip code, which also has the lowest median tax bill.
Property Tax Assessment Values Across Gower, Clinton County, Missouri
Source: Ownwell
$130,195
$154,320
$178,445
Average Gower Assessed Value
$151,790
Average Clinton County Assessed Value
$146,110
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gower, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64454 | $58,096 | $95,088 | $151,790 | $206,932 | $269,823 |
Source: Ownwell
Property Tax Bills Across Gower, Clinton County, Missouri
In Gower, located in Clinton County, MO, property tax bills are calculated based on the assessed value of a home, typically a percentage of its market value. The median home price in Gower is $151,790. Once the assessed value is determined, local tax rates are applied to calculate the annual tax bill. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value, thereby affecting the tax bill. Homeowners in Gower experience a range of tax bills. For instance, the 25th percentile tax bill is $1,418, while the 75th percentile reaches $3,246. At the 90th percentile, tax bills can climb to $3,969. The highest and lowest median tax bills in the area are both $2,319, indicating a level of consistency within the region. Compared to the national median property tax rate of 0.99%, Gower's tax rates may seem competitive, but they can still significantly impact homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Gower Tax Bill
$2,319
Average Clinton County Tax Bill
$2,005
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Gower, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64454 | $784 | $1,418 | $2,319 | $3,246 | $3,969 |
Source: Ownwell