Maysville, Missouri Property Taxes
The median property tax rate in Maysville, MO is 1.22%, higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Maysville at $256,970, the typical annual property tax bill reaches $2,862, surpassing the national median of $2,690. Property taxes in Maysville are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maysville'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 Maysville 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
Maysville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$3,135
Ownwell’s Maysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maysville 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 Maysville, Missouri
Property taxes in Maysville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maysville is 1.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Maysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maysville 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 Maysville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64469 zip code has the highest median property tax rate of 1.22%, while the same zip code also holds the lowest median tax rate of 1.22%. Understanding how these cities compare with Maysville provides valuable insights into the varying tax landscape across Gentry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maysville Tax Rate
1.22%
Average Gentry County Tax Rate
1.36%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maysville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64469 | 1.02% | 1.11% | 1.22% | 1.27% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Maysville, Missouri
In Maysville, 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 local 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 Maysville, 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 Maysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Gentry County, zip code 64469 has both the highest and lowest median tax bill at $2,862.
Average Maysville Assessed Value
$256,970
Average Gentry County Assessed Value
$52,950
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maysville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64469 | $111,962 | $172,730 | $256,970 | $365,200 | $368,002 |
Source: Ownwell
Property Tax Bills Across Maysville, Missouri
In Maysville, Gentry County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $256,970, the property tax bills range significantly. Homeowners in the 25th percentile can expect to pay around $2,112, while those in the 75th percentile might see bills as high as $3,519. At the 90th percentile, tax bills can reach up to $4,667. The highest median tax bill in the area is $2,862, which is notably higher than the national median property tax rate of 0.99%. These variations depend on factors such as property location, improvements, and local tax levies. Understanding these elements helps homeowners budget accordingly and anticipate their financial obligations.
Average Maysville Tax Bill
$2,862
Average Gentry County Tax Bill
$746
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Maysville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64469 | $1,387 | $2,112 | $2,862 | $3,519 | $4,667 |
Source: Ownwell