Moscow Mills, Lincoln County, Missouri Property Taxes
The median property tax rate in Moscow Mills, MO is 1.18%, slightly higher than the national median of 0.99% but just below the Missouri state median of 1.20%. With the median home value in Moscow Mills at $174,890, the typical annual property tax bill reaches $2,109, which is lower than the national median of $2,690. Property taxes in Moscow Mills 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 Moscow Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Moscow Mills 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
Moscow Mills, Lincoln County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$2,064
$1,915
Ownwell’s Moscow Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moscow Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moscow Mills 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 Moscow Mills, Lincoln County, Missouri
Property taxes in Moscow Mills, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Moscow Mills is 1.18%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Moscow Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moscow Mills 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 Moscow Mills' effective property tax rate to other counties in Missouri and the national median. For comparison, the 63362 zip code has the highest median property tax rate of 1.18%, while the same zip code has the lowest median tax rate of 1.18%. Understanding how these cities compare with Moscow Mills provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moscow Mills Tax Rate
1.18%
Average Lincoln County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moscow Mills, Lincoln County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63362 | 1.11% | 1.18% | 1.18% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Moscow Mills, Lincoln County, Missouri
In Moscow Mills, 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 Lincoln 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 Moscow Mills, 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 Moscow Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $2109, are found in the 63362 zip code.
Property Tax Assessment Values Across Moscow Mills, Lincoln County, Missouri
Source: Ownwell
$21,050
$97,970
$174,890
Average Moscow Mills Assessed Value
$174,890
Average Lincoln County Assessed Value
$149,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moscow Mills, Lincoln County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63362 | $25,754 | $106,470 | $174,890 | $230,065 | $310,298 |
Source: Ownwell
Property Tax Bills Across Moscow Mills, Lincoln County, Missouri
In Moscow Mills, located in Lincoln County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $174,890. Homeowners in Moscow Mills can expect their tax bills to vary significantly, with the 25th percentile tax bill at $1,381 and the 75th percentile tax bill at $2,829. The 90th percentile tax bill reaches up to $3,632. To determine the property tax bill, local authorities assess the property's value and apply the relevant tax rate. Factors such as property improvements, neighborhood developments, and changes in the housing market can influence these assessments. Compared to the national median property tax rate of 0.99%, homeowners in Moscow Mills might experience different levels of tax pressure based on their specific property values and local tax policies. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for their annual property tax bills.
Average Moscow Mills Tax Bill
$2,109
Average Lincoln County Tax Bill
$1,734
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Moscow Mills, Lincoln County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63362 | $373 | $1,381 | $2,109 | $2,829 | $3,632 |
Source: Ownwell