Concordia, Missouri Property Taxes
The median property tax rate in Concordia, MO is 1.03%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $90,388 in Concordia, the typical annual property tax bill amounts to $979, which is below the national median of $2,690. Property taxes in Concordia are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Concordia'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 Concordia 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
Concordia, 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 Concordia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Concordia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Concordia 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 Concordia, Missouri
Property taxes in Concordia, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Concordia is 1.03%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Concordia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Concordia 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 Concordia's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64020 zip code has the highest median property tax rate of 1.03%, while the 64020 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Concordia provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Concordia Tax Rate
1.03%
Average Johnson County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Concordia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64020 | 0.86% | 0.97% | 1.03% | 1.11% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Concordia, Missouri
In Concordia, 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 Johnson 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 Concordia, 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 Concordia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 64020, both at $979.
Average Concordia Assessed Value
$90,388
Average Johnson County Assessed Value
$74,883
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Concordia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64020 | $31,503 | $56,298 | $90,388 | $129,571 | $166,344 |
Source: Ownwell
Property Tax Bills Across Concordia, Missouri
In Concordia, located in Johnson County, MO, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local assessor's office and is a percentage of the market value of your property. The tax rate, which is applied to the assessed value, is set by local jurisdictions and can vary depending on the specific needs and budgets of the area. Several factors influence your property tax bill, including the market value of your home, the local tax rate, and any applicable exemptions or deductions. For instance, the median home price in Concordia is $90,388. Homeowners in the 25th percentile can expect to pay around $626 in property taxes, while those in the 75th percentile might pay approximately $1,238. At the 90th percentile, the tax bill can reach up to $1,854. Understanding these factors helps homeowners anticipate their property tax obligations and budget accordingly. Comparing these figures to the national median property tax rate of 0.99% provides a clearer picture of how property taxes in Concordia stack up against other regions.
Average Concordia Tax Bill
$979
Average Johnson County Tax Bill
$947
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Concordia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64020 | $411 | $626 | $979 | $1,238 | $1,854 |
Source: Ownwell