Turney, Clinton County, Missouri Property Taxes
The median property tax rate in Turney, MO is 1.32%, higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Turney at $130,690, the typical annual property tax bill reaches $1,724, which is below the national median of $2,690. Property taxes in Turney are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Turney'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 Turney or another part of Clinton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Turney, Clinton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,725
$1,601
Ownwell’s Turney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Turney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Turney 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 Turney, Clinton County, Missouri
Property taxes in Turney, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Turney is 1.32%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Turney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turney 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 Turney's effective property tax rate to other areas in Missouri and the national median. For comparison, the 64493 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these areas compare with Turney 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 Turney Tax Rate
1.32%
Average Clinton County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Turney, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64493 | 1.00% | 1.13% | 1.32% | 1.41% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Turney, Clinton County, Missouri
In Turney, 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 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 Turney, 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 Turney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Turney are both $1,724, found in the zip code 64493.
Property Tax Assessment Values Across Turney, Clinton County, Missouri
Source: Ownwell
$130,195
$154,320
$178,445
Average Turney Assessed Value
$130,690
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 Turney, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64493 | $44,764 | $90,460 | $130,690 | $179,910 | $230,598 |
Source: Ownwell
Property Tax Bills Across Turney, Clinton County, Missouri
In Turney, located in Clinton County, MO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by county assessors. For instance, if a home has a market value of $130,690, its assessed value might be a fraction of that amount, depending on local regulations. The tax bill is then derived by applying the local tax rate to the assessed value. In Turney, the median property tax bill is around $1,724, which is significantly higher than the national median property tax rate of 0.99%. Homeowners in Turney can expect tax bills ranging from $1,039 at the 25th percentile to $3,152 at the 90th percentile. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Turney Tax Bill
$1,724
Average Clinton County Tax Bill
$2,005
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Turney, Clinton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64493 | $481 | $1,039 | $1,724 | $2,415 | $3,152 |
Source: Ownwell