Linn County, Missouri Property Taxes
The median property tax rate in Linn County is 1.13%, which is higher than the national median of 0.99% but below the Missouri state median of 1.20%. With a median home value of $25,200 in Linn County, the typical annual property tax bill is around $264, significantly lower than the national median of $2,690. Property taxes in Linn County are based on the tax assessed value, which tends to be lower than the actual market value due to various exemptions like primary residence and agricultural exemptions. Understanding Linn County's property tax system, exploring available exemptions, and identifying opportunities for tax reductions can lead to substantial annual savings. Whether you reside in Brookfield or another area within Linn County, gaining a thorough understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Linn County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$285
$264
Ownwell’s Linn County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Linn County with just 2 data points. Enter your property's estimated assessed value, our calculator applies the median tax rate in Linn County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Linn County, Missouri
Property taxes in Linn County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Linn County is 1.13%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Linn County set these rates annually, and they can vary significantly between different areas within the county. Each year, Linn County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Linn County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Bucklin has one of the higher property tax rates in Missouri at 1.21%, while the city of Humphreys boasts one of the lowest at 0.84%. Analyzing how Linn County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Linn County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linn County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookfield | 0.77% | 0.97% | 1.18% | 1.19% | 1.22% |
| Browning | N/A | N/A | N/A | N/A | N/A |
| Bucklin | 0.82% | 0.96% | 1.21% | 1.70% | 1.70% |
| Chula | 0.78% | 0.80% | 0.96% | 1.02% | 1.20% |
| Humphreys | 0.80% | 0.81% | 0.84% | 1.06% | 1.20% |
| Laclede | 0.79% | 0.88% | 1.21% | 1.49% | 1.56% |
| Laredo | N/A | N/A | N/A | N/A | N/A |
| Linneus | 0.77% | 0.80% | 1.01% | 1.34% | 1.41% |
| Marceline | 0.79% | 1.09% | 1.13% | 1.15% | 1.25% |
| Meadville | 0.80% | 0.84% | 1.05% | 1.27% | 1.34% |
| New Boston | 0.77% | 0.87% | 0.99% | 1.19% | 1.32% |
| Purdin | N/A | N/A | N/A | N/A | N/A |
| Saint Catharine | 0.82% | 1.02% | 1.12% | 1.22% | 1.28% |
| St Catharine | 0.79% | 0.82% | 0.85% | 0.95% | 1.23% |
| Sumner | N/A | N/A | N/A | N/A | N/A |
| Wheeling | 0.79% | 0.81% | 0.91% | 1.07% | 1.17% |
| Winigan | 0.73% | 0.90% | 1.05% | 1.16% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Linn County, Missouri
In Linn County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Linn County Appraisal District. The assessed value, however, 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. Assessment notices in Linn County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Linn County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Laredo has the highest median tax bill at $3,404, while St. Catharine has the lowest at $112. By understanding these nuances, you can ensure you’re not overpaying on your property taxes.
Average Linn County Assessed Value
$25,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Linn County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookfield | $2,600 | $3,900 | $9,900 | $57,250 | $121,100 |
| Browning | N/A | N/A | N/A | N/A | N/A |
| Bucklin | $2,100 | $5,400 | $25,200 | $62,600 | $124,440 |
| Chula | $25,440 | $42,600 | $61,800 | $96,600 | $163,220 |
| Humphreys | $13,760 | $25,400 | $52,500 | $76,850 | $92,200 |
| Laclede | $2,100 | $5,775 | $28,900 | $67,925 | $110,400 |
| Laredo | N/A | N/A | N/A | N/A | N/A |
| Linneus | $1,700 | $6,500 | $34,350 | $78,825 | $141,900 |
| Marceline | $3,340 | $5,000 | $11,500 | $52,800 | $90,040 |
| Meadville | $4,240 | $19,100 | $49,500 | $105,900 | $180,100 |
| New Boston | $6,660 | $15,500 | $43,000 | $82,300 | $148,900 |
| Purdin | N/A | N/A | N/A | N/A | N/A |
| Saint Catharine | $8,190 | $29,675 | $66,650 | $106,000 | $161,500 |
| St Catharine | $2,290 | $5,400 | $11,600 | $40,950 | $62,070 |
| Sumner | N/A | N/A | N/A | N/A | N/A |
| Wheeling | $22,410 | $34,950 | $70,400 | $155,725 | $299,970 |
| Winigan | $1,060 | $4,050 | $25,900 | $102,500 | $144,500 |
Source: Ownwell
Property Tax Bills Across Linn County, Missouri
In Linn County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the final tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions. Homeowners in Linn County experience a wide range of tax bills. At the 25th percentile, the tax bill is around $65, while at the 75th percentile, it rises to $759. For those in the 90th percentile, the tax bill can be as high as $1,428. These figures show significant variation, reflecting differences in property values and individual circumstances. Compared to national figures, Linn County's property taxes are relatively modest. The national median property tax rate is 0.99%, whereas Linn County's rates result in much lower tax bills, even at the higher end. This relatively low tax burden can make homeownership more affordable for residents.
Average Linn County Tax Bill
$264
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Linn County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brookfield | $30 | $46 | $147 | $657 | $1,384 |
| Browning | N/A | N/A | N/A | N/A | N/A |
| Bucklin | $33 | $74 | $259 | $765 | $1,418 |
| Chula | $255 | $345 | $704 | $1,179 | $1,340 |
| Humphreys | $189 | $225 | $422 | $786 | $953 |
| Laclede | $31 | $79 | $338 | $707 | $1,234 |
| Laredo | N/A | N/A | N/A | N/A | N/A |
| Linneus | $21 | $92 | $336 | $863 | $1,441 |
| Marceline | $38 | $58 | $138 | $587 | $1,064 |
| Meadville | $51 | $188 | $562 | $1,068 | $1,916 |
| New Boston | $67 | $134 | $420 | $878 | $1,512 |
| Purdin | N/A | N/A | N/A | N/A | N/A |
| Saint Catharine | $141 | $411 | $757 | $1,184 | $1,966 |
| St Catharine | $27 | $54 | $112 | $350 | $757 |
| Sumner | N/A | N/A | N/A | N/A | N/A |
| Wheeling | $195 | $403 | $747 | $1,536 | $2,824 |
| Winigan | $12 | $38 | $203 | $965 | $1,558 |
Source: Ownwell