Macon, Macon County, Missouri Property Taxes
The median property tax rate in Macon, MO is 0.94%, 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 $46,684 in Macon, the typical annual property tax bill is approximately $420, which is well below the national median of $2,690. Property taxes in Macon are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Macon'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 Macon or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Macon, Macon County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$439
$407
Ownwell’s Macon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macon 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 Macon, Macon County, Missouri
Property taxes in Macon, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Macon is 0.94%, which is slightly below the U.S. national median of 0.99%. Local government entities within Macon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macon 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 Macon's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63552 has both the highest and lowest median property tax rate of 0.94%. Understanding how these areas compare with Macon provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Macon Tax Rate
0.94%
Average Macon County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macon, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63552 | 0.81% | 0.93% | 0.94% | 0.97% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Macon, Macon County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Macon, MO. 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 Assessor 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 Macon, 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. The median home price in Macon is $46,684, with tax bills ranging from $235 at the 25th percentile to $1,203 at the 90th percentile. The zip code 63552 has the highest and lowest median tax bill of $420. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Macon, Macon County, Missouri
Source: Ownwell
$29,158
$62,873
$96,588
Average Macon Assessed Value
$46,684
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 Macon, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63552 | $13,579 | $24,710 | $46,684 | $86,570 | $134,849 |
Source: Ownwell
Property Tax Bills Across Macon, Macon County, Missouri
In Macon, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Macon is $46,684. To calculate the tax bill, the assessed value is multiplied by the local tax rate. Various factors influence the tax bill, including property location and any applicable exemptions or deductions. For homeowners in Macon, the tax bill can vary significantly. For instance, the tax bill at the 25th percentile is around $235, while at the 75th percentile, it reaches approximately $742. At the 90th percentile, it can go up to $1,203. These figures indicate a range of possible tax bills, reflecting differences in property values and individual circumstances. The median property tax rate in Macon is lower than the national median of 0.99%, which can be beneficial for homeowners looking for affordable living options. However, it's important for homeowners to stay informed about their property's assessed value and any changes in local tax rates to manage their expenses effectively.
Average Macon Tax Bill
$420
Average Macon County Tax Bill
$506
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Macon, Macon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63552 | $128 | $235 | $420 | $742 | $1,203 |
Source: Ownwell