Arcadia, Madison County, Missouri Property Taxes
The median property tax rate in Arcadia, MO is 1.03%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $63,930 in Arcadia, the typical annual property tax bill amounts to $476, which is significantly below the national median of $2,690. Property taxes in Arcadia are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Arcadia'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 Arcadia or another part of Madison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arcadia, Madison County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$658
$611
Ownwell’s Arcadia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arcadia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arcadia 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 Arcadia, Madison County, Missouri
Property taxes in Arcadia, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arcadia stands at 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Arcadia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arcadia 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 Arcadia's effective property tax rate to other areas in Madison County and the national median. For comparison, the 63621 zip code has the highest median property tax rate of 1.03%, while the same 63621 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Arcadia provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arcadia Tax Rate
1.03%
Average Madison County Tax Rate
1.09%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arcadia, Madison County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63621 | 0.62% | 0.96% | 1.03% | 1.08% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Arcadia, Madison County, Missouri
In Arcadia, 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 Madison 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 Arcadia 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 zip code 63621 has the highest and lowest median tax bill, both at $476. This is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes in Arcadia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Arcadia, Madison County, Missouri
Source: Ownwell
$36,190
$50,060
$63,930
Average Arcadia Assessed Value
$63,930
Average Madison County Assessed Value
$49,890
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arcadia, Madison County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63621 | $12,332 | $27,280 | $63,930 | $80,332 | $144,085 |
Source: Ownwell
Property Tax Bills Across Arcadia, Madison County, Missouri
Property tax bills in Arcadia, Madison County, MO, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $63,930, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate in their area. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. Homeowners in Arcadia see tax bills ranging from the 25th percentile at $220 to the 75th percentile at $803, with the 90th percentile reaching up to $1,366. These figures highlight the variation in tax burdens among residents. Compared to the national median property tax rate of 0.99%, Arcadia's rates can be relatively modest or substantial, impacting homeowners differently based on their property's assessed value and individual circumstances.
Average Arcadia Tax Bill
$476
Average Madison County Tax Bill
$502
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Arcadia, Madison County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63621 | $97 | $220 | $476 | $803 | $1,366 |
Source: Ownwell