Caulfield, Missouri Property Taxes
The median property tax rate in Caulfield, MO is 0.74%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Caulfield at $78,410, the typical annual property tax bill reaches $580, significantly below the national median of $2,690. Property taxes in Caulfield are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Caulfield'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 Caulfield 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
Caulfield, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$580
Ownwell’s Caulfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caulfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caulfield 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 Caulfield, Missouri
Property taxes in Caulfield, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caulfield is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Caulfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caulfield 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 Caulfield's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65626 has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Caulfield provides valuable insights into the varying tax landscape across Howell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caulfield Tax Rate
0.74%
Average Howell County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caulfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65626 | 0.69% | 0.72% | 0.74% | 0.75% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Caulfield, Missouri
In Caulfield, 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 Howell 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 Caulfield, 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 Caulfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Caulfield is $580 in the 65626 zip code, highlighting the importance of understanding these valuations to potentially reduce your property tax bill.
Average Caulfield Assessed Value
$78,410
Average Howell County Assessed Value
$81,680
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caulfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65626 | $19,260 | $39,000 | $78,410 | $115,590 | $153,230 |
Source: Ownwell
Property Tax Bills Across Caulfield, Missouri
In Caulfield, located in Howell 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 is a percentage of the property's market value. Factors such as location, property size, and home improvements can influence this assessed value. Homeowners in Caulfield face varying tax bills depending on their property’s assessed value. The median home price in the area is $78,410, and tax bills can range significantly. For instance, at the 25th percentile, homeowners might pay around $296, while those at the 75th percentile could see bills as high as $847. At the 90th percentile, tax bills can reach up to $1,087. These property taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, homeowners in Caulfield can expect their tax bills to vary based on their specific property assessments and the local tax rate applied.
Average Caulfield Tax Bill
$580
Average Howell County Tax Bill
$607
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Caulfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65626 | $184 | $296 | $580 | $847 | $1,087 |
Source: Ownwell