Excello, Macon County, Missouri Property Taxes
The median property tax rate in Excello, MO is 0.97%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Excello at $57,122, the typical annual property tax bill is $477, far less than the national median of $2,690. Property taxes in Excello are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Excello'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 Excello 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
Excello, Macon County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$554
$514
Ownwell’s Excello Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Excello with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Excello 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 Excello, Macon County, Missouri
Property taxes in Excello, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Excello is 0.97%, which is slightly below the U.S. national median of 0.99%. Local government entities within Excello set these rates annually, and they can vary significantly across different neighborhoods. Each year, Excello 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 Excello's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65247 has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these areas compare with Excello 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 Excello 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 Excello, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65247 | 0.70% | 0.81% | 0.97% | 1.01% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Excello, Macon County, Missouri
In Excello, 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 Excello, 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 Excello 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 are both $477, with zip code 65247 reflecting this value.
Property Tax Assessment Values Across Excello, Macon County, Missouri
Source: Ownwell
$29,158
$62,873
$96,588
Average Excello Assessed Value
$57,122
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 Excello, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65247 | $11,189 | $21,605 | $57,122 | $88,158 | $137,283 |
Source: Ownwell
Property Tax Bills Across Excello, Macon County, Missouri
In Excello, located in Macon County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by local government assessors. Homeowners in Excello can expect a median home price of $57,122. Property tax bills vary significantly, with the 25th percentile at $204 and the 75th percentile at $818. At the higher end, the 90th percentile reaches $1,165. These variations are influenced by factors such as property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Excello's tax rates may offer some relief to homeowners. However, the financial impact of property taxes can still be significant, affecting household budgets and long-term financial planning. Understanding how these taxes are calculated and the factors involved can help homeowners better anticipate their annual property tax bills and manage their finances accordingly.
Average Excello Tax Bill
$477
Average Macon County Tax Bill
$506
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Excello, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65247 | $116 | $204 | $477 | $818 | $1,165 |
Source: Ownwell