Cainsville, Mercer County, Missouri Property Taxes
The median property tax rate in Cainsville, MO is 1.20%, which is higher than the national median of 0.99% and aligns with Missouri's state median of 1.20%. With the median home value in Cainsville at $45,594, the typical annual property tax bill is $539, still below the national median of $2,690. Property taxes in Cainsville are calculated 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 Cainsville'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 Cainsville 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
Cainsville, Mercer County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$547
$508
Ownwell’s Cainsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cainsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cainsville 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 Cainsville, Mercer County, Missouri
Property taxes in Cainsville, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cainsville is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cainsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cainsville 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 Cainsville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64632 zip code has both the highest and lowest median property tax rate of 1.20%. Understanding how these cities compare with Cainsville provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cainsville Tax Rate
1.20%
Average Mercer County Tax Rate
1.37%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cainsville, Mercer County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64632 | 0.92% | 0.92% | 1.20% | 1.41% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Cainsville, Mercer County, Missouri
In Cainsville, 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 Mercer 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 Cainsville, 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. For example, the zip code 64632 has the highest median tax bill at $539. By being aware of these valuation processes in Cainsville, homeowners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cainsville, Mercer County, Missouri
Source: Ownwell
$37,966
$45,665
$53,363
Average Cainsville Assessed Value
$45,594
Average Mercer County Assessed Value
$30,001
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cainsville, Mercer County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64632 | $6,911 | $17,252 | $45,594 | $85,478 | $118,624 |
Source: Ownwell
Property Tax Bills Across Cainsville, Mercer County, Missouri
In Cainsville, MO, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $45,594, homeowners can expect their assessed value to be a fraction of this amount. The resulting tax bill can vary significantly, with the 25th percentile at $193 and the 75th percentile at $1,103. In some cases, tax bills can reach as high as $1,654, placing a substantial financial burden on homeowners. The highest median tax bill in the area is $539, which is notably lower than the national median property tax rate of 0.99%. These variations in tax bills are influenced by factors such as property location, home value, and local tax rates. Understanding these elements can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Cainsville Tax Bill
$539
Average Mercer County Tax Bill
$364
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cainsville, Mercer County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64632 | $75 | $193 | $539 | $1,103 | $1,654 |
Source: Ownwell