Chula, Livingston County, Missouri Property Taxes
The median property tax rate in Chula, MO is 1.19%, slightly below the Missouri state median of 1.20% but still higher than the national median of 0.99%. With the median home value in Chula at $44,640, the typical annual property tax bill is $556, which is significantly lower than the national median of $2,690. Property taxes in Chula are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Chula'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 Chula or another part of Livingston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chula, Livingston County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$531
$493
Ownwell’s Chula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chula 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 Chula, Livingston County, Missouri
Property taxes in Chula, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chula is 1.19%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Chula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chula 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 Chula's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64635 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Chula provides valuable insights into the varying tax landscape across Livingston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chula Tax Rate
1.19%
Average Livingston County Tax Rate
1.26%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chula, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64635 | 0.86% | 0.96% | 1.19% | 1.42% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Chula, Livingston County, Missouri
In Chula, 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 Livingston 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 Chula, 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. For instance, the median home price in Chula is $44,640, and the median tax bill ranges from $277 at the 25th percentile to $1,877 at the 90th percentile. The zip code 64635 has both the highest and lowest median tax bill at $556. 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 Chula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Chula, Livingston County, Missouri
Source: Ownwell
$32,280
$62,643
$93,005
Average Chula Assessed Value
$44,640
Average Livingston County Assessed Value
$65,985
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chula, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64635 | $8,927 | $20,880 | $44,640 | $95,125 | $171,528 |
Source: Ownwell
Property Tax Bills Across Chula, Livingston County, Missouri
In Chula, Livingston County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home. For example, with a median home price of $44,640, the assessed value would be a fraction of this amount, depending on local assessment ratios. Once the assessed value is established, the tax rate, often expressed as a percentage, is applied. In Livingston County, this rate can vary but is generally influenced by local government budgets and school district funding needs. Homeowners in Chula can expect tax bills to fall within a broad range. For instance, the 25th percentile tax bill is $277, while the 75th percentile reaches $1,142, and the 90th percentile climbs to $1,877. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby enhancing community living standards.
Average Chula Tax Bill
$556
Average Livingston County Tax Bill
$794
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Chula, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64635 | $135 | $277 | $556 | $1,142 | $1,877 |
Source: Ownwell