Clinton, Missouri Property Taxes
The median property tax rate in Clinton, MO is 0.90%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Clinton at $44,500, the typical annual property tax bill is $507, significantly below the national median of $2,690. Property taxes in Clinton are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Clinton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clinton or another part of Henry County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clinton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$401
Ownwell’s Clinton Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential owners looking to estimate their annual property taxes in Clinton, MO. By entering your property's estimated assessed value, the calculator uses the median tax rate in Clinton to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, aiding in better financial planning. For those interested in more detailed insights, scroll down to explore neighborhood-level trends. Your property’s assessed value, determined by Henry County, is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Clinton, Missouri
Property taxes in Clinton, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other regions and the national median. For comparison, the 64735 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these numbers compare with Clinton provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
0.90%
Average Henry County Tax Rate
0.95%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64735 | 0.75% | 0.75% | 0.90% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Missouri
In Clinton, 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 Henry 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 Clinton, 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 Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clinton is $44,500, with the 25th percentile tax bill at $237 and the 75th percentile tax bill at $1,285. The highest and lowest median tax bills in Clinton are both $507, found in the 64735 zip code.
Average Clinton Assessed Value
$44,500
Average Henry County Assessed Value
$36,250
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64735 | $10,000 | $19,700 | $44,500 | $125,800 | $194,000 |
Source: Ownwell
Property Tax Bills Across Clinton, Missouri
In Clinton, located in Henry County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and represents a percentage of the property's market value. For homeowners in Clinton, the median home price is $44,500. Property tax bills can vary significantly, with the 25th percentile tax bill at $237 and the 75th percentile reaching $1,285. At the higher end, the 90th percentile tax bill can be as much as $1,990. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The highest median tax bill recorded in Clinton's zip code 64735 is $507, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners should be aware of these factors to better manage their property tax obligations.
Average Clinton Tax Bill
$507
Average Henry County Tax Bill
$369
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64735 | $107 | $237 | $507 | $1,285 | $1,990 |
Source: Ownwell