Elmer, Macon County, Missouri Property Taxes
The median property tax rate in Elmer, MO is 0.97%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $70,956 in Elmer, the typical annual property tax bill amounts to $652, which is far less than the national median of $2,690. Property taxes in Elmer are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Familiarizing yourself with Elmer's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Elmer or another part of Macon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elmer, Macon County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$688
$639
Ownwell’s Elmer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elmer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elmer 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 Elmer, Macon County, Missouri
Property taxes in Elmer, Missouri, are essential in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Elmer is 0.97%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Elmer set these rates annually, and they can vary across different neighborhoods. Each year, Elmer 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 Elmer's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63538 has both the highest and lowest median property tax rate of 0.97%, aligning perfectly with Elmer's rate. Understanding how these cities compare with Elmer provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elmer Tax Rate
0.97%
Average Macon County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elmer, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63538 | 0.72% | 0.88% | 0.97% | 1.09% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Elmer, Macon County, Missouri
In Elmer, 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 Macon 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 Elmer, 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 Elmer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $652 in the 63538 zip code, while the lowest is also $652 in the same zip code, reflecting a consistent tax landscape.
Property Tax Assessment Values Across Elmer, Macon County, Missouri
Source: Ownwell
$29,158
$62,873
$96,588
Average Elmer Assessed Value
$70,956
Average Macon County Assessed Value
$49,737
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elmer, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63538 | $26,917 | $45,947 | $70,956 | $88,684 | $156,057 |
Source: Ownwell
Property Tax Bills Across Elmer, Macon County, Missouri
In Elmer, located in Macon County, MO, property tax bills are calculated based on the assessed value of a home. The median home price in Elmer is $70,956. Property taxes are determined by multiplying the assessed value by the local tax rate. Homeowners in Elmer can expect their tax bills to vary, with the 25th percentile tax bill at $473 and the 75th percentile tax bill at $892. The 90th percentile tax bill reaches $1,147, indicating that higher-valued properties incur significantly higher taxes. Several factors influence the tax bill, including property location, assessed value, and applicable exemptions. The local tax rate is applied to the assessed value to determine the final bill. This system ensures that homeowners contribute proportionally based on their property's value. Compared to the national median property tax rate of 0.99%, Elmer's rates reflect the local economic conditions and property values, impacting homeowners' annual expenses and potentially influencing their financial planning and property investment decisions.
Average Elmer Tax Bill
$652
Average Macon County Tax Bill
$506
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Elmer, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63538 | $292 | $473 | $652 | $892 | $1,147 |
Source: Ownwell