King City, Missouri Property Taxes
The median property tax rate in King City, MO is 1.10%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in King City, the typical annual property tax bill amounts to $1,059, which is below the national median of $2,690. Property taxes in King City are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding King City'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 King City 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
King City, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,249
Ownwell’s King City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in King City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in King City 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 King City, Missouri
Property taxes in King City, Missouri, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in King City is 1.10%, higher than the U.S. national median of 0.99%. Local government entities within King City set these rates annually, and they can vary significantly across different neighborhoods. Each year, King City 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 King City's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 64463 has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with King City provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average King City Tax Rate
1.10%
Average Dekalb County Tax Rate
1.02%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across King City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64463 | 0.78% | 0.94% | 1.10% | 1.18% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across King City, Missouri
In King City, Missouri, understanding the difference between "market value" and "assessed value" is essential 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 DeKalb 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 King City, 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 King City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both notably $1,059, found in the 64463 zip code.
Average King City Assessed Value
$113,540
Average Dekalb County Assessed Value
$90,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across King City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64463 | $40,382 | $64,645 | $113,540 | $168,468 | $256,671 |
Source: Ownwell
Property Tax Bills Across King City, Missouri
In King City, located in DeKalb County, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price here is $113,540, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. Homeowners in King City can expect a range of property tax bills, with the 25th percentile at $685 and the 75th percentile reaching $1,767. For those at the higher end, the 90th percentile tax bill can go up to $3,125. This variation highlights the impact of property characteristics and market conditions on tax obligations. Comparatively, the property tax rates in King City are quite competitive, with the highest median tax bill in the area being $1,059, which is still below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in King City.
Average King City Tax Bill
$1,059
Average Dekalb County Tax Bill
$916
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across King City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64463 | $389 | $685 | $1,059 | $1,767 | $3,125 |
Source: Ownwell