Clarkton, Missouri Property Taxes
The median property tax rate in Clarkton, MO is 0.91%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With the median home value in Clarkton at $25,300, the typical annual property tax bill amounts to $232, which is far below the national median of $2,690. Property taxes in Clarkton are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Clarkton'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 Clarkton or another part of Dunklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarkton, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Clarkton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarkton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarkton 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 Clarkton, Missouri
Property taxes in Clarkton, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarkton is 0.91%, slightly lower than the U.S. national median of 0.99%. Local government entities within Clarkton set these rates annually, and they can vary across different neighborhoods. Each year, Clarkton 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 Clarkton's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63837 has both the highest and lowest median property tax rate of 0.91%. Understanding how these cities compare with Clarkton provides valuable insights into the varying tax landscape across Dunklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarkton Tax Rate
0.91%
Average Dunklin County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarkton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63837 | 0.87% | 0.89% | 0.91% | 0.97% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Clarkton, Missouri
In Clarkton, 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 Dunklin 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 Clarkton, 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 Clarkton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Dunklin County is found in zip code 63837, amounting to $232.
Average Clarkton Assessed Value
$25,300
Average Dunklin County Assessed Value
$33,875
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarkton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63837 | $2,510 | $8,430 | $25,300 | $39,810 | $65,780 |
Source: Ownwell
Property Tax Bills Across Clarkton, Missouri
In Clarkton, Dunklin County, MO, property tax bills are calculated based on the assessed value of your home. This assessed value is a percentage of the market value, and the tax rate is applied to this figure. The median home price in Clarkton is $25,300, which helps determine the tax bill. Factors such as property location, home improvements, and local tax rates are considered in the assessment process. Homeowners in Clarkton can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is $86, while the 75th percentile tax bill reaches $354. At the 90th percentile, tax bills can go up to $578. Despite these variations, the highest and lowest median tax bills in the area both stand at $232, which is significantly lower than the national median property tax rate of 0.99%. These tax bills impact homeowners by affecting their annual expenses and potentially influencing their decisions on property investments and improvements.
Average Clarkton Tax Bill
$232
Average Dunklin County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarkton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63837 | $26 | $86 | $232 | $354 | $578 |
Source: Ownwell