Spickard, Mercer County, Missouri Property Taxes
The median property tax rate in Spickard, MO is 1.15%, which is higher than the national median of 0.99% but slightly lower than the Missouri state median of 1.20%. With a median home value in Spickard of $46,661, the typical annual property tax bill amounts to $574, well below the national median of $2,690. Property taxes in Spickard are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Spickard'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 Spickard or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Spickard, Mercer County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$537
$498
Ownwell’s Spickard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spickard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spickard 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 Spickard, Mercer County, Missouri
Property taxes in Spickard, Missouri, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Spickard is 1.15%, which is notably higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Spickard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spickard 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 Spickard's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64679 has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Spickard 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 Spickard Tax Rate
1.15%
Average Mercer County Tax Rate
1.37%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spickard, Mercer County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64679 | 0.92% | 0.93% | 1.15% | 1.28% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Spickard, Mercer County, Missouri
In Spickard, 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 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 Spickard, 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. For example, the median home price in Spickard is $46,661, with tax bills ranging from $314 at the 25th percentile to $1,534 at the 90th percentile. The highest median tax bill, $574, is found in zip code 64679, which also has the lowest median tax bill. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Spickard, Mercer County, Missouri
Source: Ownwell
$37,966
$45,665
$53,363
Average Spickard Assessed Value
$46,661
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 Spickard, Mercer County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64679 | $15,024 | $25,642 | $46,661 | $87,716 | $123,387 |
Source: Ownwell
Property Tax Bills Across Spickard, Mercer County, Missouri
Property tax bills in Spickard, located in Mercer County, MO, are calculated based on the assessed value of a property. The assessed value is derived from the market value, which is then multiplied by the assessment ratio set by the state. In Missouri, residential properties are assessed at 19% of their market value. For example, a home with a median market price of $46,661 would have an assessed value of approximately $8,866. The local tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including local government budgets, school district funding needs, and other municipal services. Homeowners in Spickard can expect their tax bills to vary, with the 25th percentile at $314 and the 75th percentile reaching $963. The top 10% of tax bills can go as high as $1,534. Compared to the national median property tax rate of 0.99%, Spickard's rates reflect the local economic conditions and funding requirements, impacting homeowners by contributing to essential community services.
Average Spickard Tax Bill
$574
Average Mercer County Tax Bill
$364
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Spickard, Mercer County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64679 | $142 | $314 | $574 | $963 | $1,534 |
Source: Ownwell