Mc Fall, Gentry County, Missouri Property Taxes
The median property tax rate in Mc Fall, MO is 1.52%, significantly higher than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value in Mc Fall of $32,740, the typical annual property tax bill is $486, which is below the national median of $2,690. Property taxes in Mc Fall are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mc Fall'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 Mc Fall 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
Mc Fall, Gentry County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$498
$462
Ownwell’s MC FALL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC FALL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC FALL 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 Mc Fall, Gentry County, Missouri
Property taxes in Mc Fall, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Fall is 1.52%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Mc Fall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Fall 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 Mc Fall's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64657 has the highest median property tax rate of 1.52%, while the same zip code also holds the lowest median tax rate of 1.52%. Understanding how these cities compare with Mc Fall 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 Mc Fall Tax Rate
1.52%
Average Gentry County Tax Rate
1.36%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Fall, Gentry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64657 | 1.01% | 1.29% | 1.52% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Mc Fall, Gentry County, Missouri
In Mc Fall, 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 Gentry 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 Mc Fall, 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. For instance, the median home price in Mc Fall is $32,740, with property tax bills ranging from $214 at the 25th percentile to $1,867 at the 90th percentile. Notably, the zip code 64657 has both the highest and lowest median tax bill of $486. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mc Fall, Gentry County, Missouri
Source: Ownwell
$27,220
$69,410
$111,600
Average Mc Fall Assessed Value
$32,740
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 Mc Fall, Gentry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64657 | $5,748 | $15,820 | $32,740 | $69,500 | $129,282 |
Source: Ownwell
Property Tax Bills Across Mc Fall, Gentry County, Missouri
In Mc Fall, located in Gentry County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate. For example, with a median home price of $32,740, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $214, while those in the 75th percentile face bills up to $1,014. At the 90th percentile, the tax bill can reach as high as $1,867. These numbers highlight the variability in property tax obligations, influenced by factors such as property size, location, and market conditions. The highest median tax bill in the area is $486, indicating a substantial range even within the same county. This variability impacts homeowners differently, with higher-valued properties incurring more significant tax burdens. Understanding these factors can help homeowners better anticipate and manage their property tax liabilities.
Average Mc Fall Tax Bill
$486
Average Gentry County Tax Bill
$746
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Fall, Gentry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64657 | $86 | $214 | $486 | $1,014 | $1,867 |
Source: Ownwell