Golden City, Missouri Property Taxes
The median property tax rate in Golden City, 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 Golden City at $245,776, the typical annual property tax bill reaches $1,816, well below the national median of $2,690. Property taxes in Golden City 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 Golden City'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 Golden City 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
Golden City, 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 Golden City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Golden City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Golden City 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 Golden City, Missouri
Property taxes in Golden City, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Golden City is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Golden City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Golden City 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 Golden City's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64748 has the same median property tax rate of 0.74%. Understanding how these areas compare with Golden City provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Golden City Tax Rate
0.74%
Average Lawrence County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | 0.71% | 0.72% | 0.74% | 0.81% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Golden City, Missouri
In Golden City, 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 Lawrence 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 Golden City, 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 Golden City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64748 has both the highest and lowest median tax bill at $1816, with tax bills ranging from $1289 at the 25th percentile to $2348 at the 90th percentile.
Average Golden City Assessed Value
$245,776
Average Lawrence County Assessed Value
$87,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | $119,008 | $166,546 | $245,776 | $298,680 | $330,422 |
Source: Ownwell
Property Tax Bills Across Golden City, Missouri
In Golden City, located in Lawrence County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Golden City can expect their property tax bills to vary significantly, with the 25th percentile at $1,289 and the 75th percentile reaching $2,149. At the higher end, the 90th percentile tax bill is around $2,348. The property tax rate in Golden City is influenced by local government budgets and the needs of public services such as schools, infrastructure, and emergency services. This rate is applied to the assessed value to determine the final tax bill. For homeowners, this means that fluctuations in property values and changes in local tax rates can significantly impact their annual tax obligations. Comparing this to the national median property tax rate of 0.99%, Golden City's property tax bills are relatively moderate, providing a balanced fiscal environment for residents.
Average Golden City Tax Bill
$1,816
Average Lawrence County Tax Bill
$784
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Golden City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64748 | $973 | $1,289 | $1,816 | $2,149 | $2,348 |
Source: Ownwell