Ethel, Missouri Property Taxes
The median property tax rate in Ethel, MO is 1.00%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $96,588 in Ethel, the typical annual property tax bill is $888, which is significantly below the national median of $2,690. Property taxes in Ethel are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. By understanding Ethel's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you are situated in the heart of Ethel or any other part of Macon County, gaining insight into the local property tax system is crucial for maximizing your financial benefits.
Last Updated June 14, 2024
Ethel, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Ethel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ethel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ethel 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 Ethel, Missouri
Property taxes in Ethel, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ethel is 0.95%, slightly lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Ethel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ethel 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 Ethel's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63539 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Ethel 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 Ethel Tax Rate
1.00%
Average Macon County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ethel, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63539 | 0.84% | 0.90% | 1.00% | 1.15% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Ethel, Missouri
In Ethel, 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 Ethel, 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 Ethel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ethel is $888 in the 63539 zip code, while the lowest is also $888 in the same zip code.
Average Ethel Assessed Value
$96,588
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 Ethel, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63539 | $15,158 | $41,895 | $96,588 | $150,366 | $251,415 |
Source: Ownwell
Property Tax Bills Across Ethel, Missouri
In Ethel, located in Macon County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by local assessors. For example, with a median home price of $96,588, the assessed value forms the basis for the tax calculation. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Ethel can expect their tax bills to vary widely. For instance, tax bills at the 25th percentile are around $387, while those at the 75th percentile reach up to $1,413, and the 90th percentile can be as high as $2,299. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Comparatively, Ethel's tax rates offer a range of financial obligations, reflecting both the economic diversity and the varying property values within the community.
Average Ethel Tax Bill
$888
Average Macon County Tax Bill
$506
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ethel, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63539 | $154 | $387 | $888 | $1,413 | $2,299 |
Source: Ownwell