Trenton, Livingston County, Missouri Property Taxes
The median property tax rate in Trenton, MO is 1.22%, slightly higher than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value in Trenton, the typical annual property tax bill reaches $575, which is significantly lower than the national median of $2,690. Property taxes in Trenton 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 Trenton'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 Trenton 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
Trenton, Livingston County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$583
$541
Ownwell’s Trenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trenton 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 Trenton, Livingston County, Missouri
Property taxes in Trenton, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trenton is 1.22%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Trenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trenton 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 Trenton's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64683 has the highest median property tax rate of 1.22%, while the lowest median tax rate is also 1.22%. Understanding how these cities compare with Trenton 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 Trenton Tax Rate
1.22%
Average Livingston County Tax Rate
1.26%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trenton, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64683 | 0.84% | 0.95% | 1.22% | 1.27% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Trenton, Livingston County, Missouri
In Trenton, 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. Assessment notices in Trenton 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 Trenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area, both at $575.00, are found in the 64683 zip code.
Property Tax Assessment Values Across Trenton, Livingston County, Missouri
Source: Ownwell
$32,280
$62,643
$93,005
Average Trenton Assessed Value
$47,800
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 Trenton, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64683 | $6,901 | $21,220 | $47,800 | $106,605 | $145,215 |
Source: Ownwell
Property Tax Bills Across Trenton, Livingston County, Missouri
In Trenton, Missouri, 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 home's market value. For instance, if the median home price in Trenton is $47,800, the assessed value would be a fraction of this amount. Property tax rates in Trenton are applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including the property's location within Livingston County and any applicable exemptions or abatements. The tax bill can vary significantly, with the 25th percentile at $270 and the 75th percentile reaching $1,328. At the higher end, the 90th percentile tax bill is $1,777. For homeowners, these taxes contribute to local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay helps homeowners anticipate their financial responsibilities and plan accordingly. Compared to the national median property tax rate of 0.99%, Trenton's tax rates reflect local economic conditions and funding needs.
Average Trenton Tax Bill
$575
Average Livingston County Tax Bill
$794
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Trenton, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64683 | $74 | $270 | $575 | $1,328 | $1,777 |
Source: Ownwell