Trimble, Clinton County, Missouri Property Taxes
The median property tax rate in Trimble, MO is 1.35%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Trimble, the typical annual property tax bill reaches $2,406, slightly below the national median of $2,690. Property taxes in Trimble 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 Trimble'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 Trimble 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
Trimble, Clinton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,322
$2,154
Ownwell’s Trimble Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trimble with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trimble 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 Trimble, Clinton County, Missouri
Property taxes in Trimble, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trimble is 0.91%, which is lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Trimble set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trimble 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 Trimble's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in Missouri is 1.31%, while the lowest median tax rate is 0.35%. Understanding how these cities compare with Trimble 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 Trimble Tax Rate
1.35%
Average Clinton County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trimble, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64492 | 1.24% | 1.30% | 1.35% | 1.45% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Trimble, Clinton County, Missouri
In Trimble, 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 Clinton 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 Trimble, 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 Trimble helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the region both stand at $2,406 in the 64492 zip code.
Property Tax Assessment Values Across Trimble, Clinton County, Missouri
Source: Ownwell
$130,195
$154,320
$178,445
Average Trimble Assessed Value
$171,970
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 Trimble, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64492 | $57,504 | $114,385 | $171,970 | $244,530 | $316,672 |
Source: Ownwell
Property Tax Bills Across Trimble, Clinton County, Missouri
In Trimble, located in Clinton County, MO, 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 Trimble stands at $171,970. Property tax rates in this area are influenced by various factors, including local government budgets and school district funding needs. Homeowners in Trimble can expect their property tax bills to vary widely. For instance, the tax bill at the 25th percentile is around $1,675, while those at the 75th and 90th percentiles are $3,586 and $4,322, respectively. This range indicates that while some homeowners may pay relatively modest amounts, others could face significantly higher bills. The highest median tax bill in the area, recorded at $2,406, is notably below the national median property tax rate of 0.99%. These property taxes directly impact homeowners by influencing their annual housing costs and potentially affecting the overall affordability of living in Trimble.
Average Trimble Tax Bill
$2,406
Average Clinton County Tax Bill
$2,005
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Trimble, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64492 | $858 | $1,675 | $2,406 | $3,586 | $4,322 |
Source: Ownwell