Meta, Missouri Property Taxes
The median property tax rate in META, MO is 0.89%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in META, the typical annual property tax bill reaches $803, significantly less than the national median of $2,690. Property taxes in META are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding META'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 META 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
Meta, 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 META Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in META with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in META 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 Meta, Missouri
Property taxes in META, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in META is 0.89%, slightly lower than the U.S. national median of 0.99%. Local government entities within META set these rates annually, and they can vary significantly across different neighborhoods. Each year, META 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 META's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65058 has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with META provides valuable insights into the varying tax landscape across Maries County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meta Tax Rate
0.89%
Average Maries County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65058 | 0.71% | 0.83% | 0.89% | 0.93% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Meta, Missouri
In META, 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 Maries 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 META, 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 META helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65058, with a median tax bill of $803.
Average Meta Assessed Value
$86,500
Average Maries County Assessed Value
$66,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65058 | $22,880 | $46,450 | $86,500 | $149,800 | $211,740 |
Source: Ownwell
Property Tax Bills Across Meta, Missouri
In META, located in Maries County, MO, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. The median home price in META is $86,500. Homeowners are taxed according to local tax rates applied to this assessed value, with the median property tax rate in the region being significantly lower than the national median of 0.99%. Several factors influence the final tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. For instance, the tax bill for the 25th percentile is $390, while the 75th percentile reaches $1,266, and the 90th percentile goes up to $1,945. These property taxes fund essential public services such as schools, infrastructure, and emergency services, impacting homeowners by contributing to the overall quality of life and community development. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Meta Tax Bill
$803
Average Maries County Tax Bill
$586
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Meta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65058 | $169 | $390 | $803 | $1,266 | $1,945 |
Source: Ownwell