Moniteau County, Missouri Property Taxes
The median property tax rate in Moniteau County is 1.03%, which is slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $88,800 in Moniteau County, the typical annual property tax bill is approximately $1,018, considerably less than the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions, including primary residence and agricultural exemptions. Understanding Moniteau County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in California or another part of Moniteau County, gaining a comprehensive knowledge of local property taxes is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Moniteau County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$915
$849
Ownwell’s Moniteau County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Moniteau County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Moniteau County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Moniteau County, Missouri
Property taxes in Moniteau County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Moniteau County is 1.03%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Moniteau County set these rates annually, and they can vary significantly between different areas within the county. Each year, Moniteau County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Clarksburg has one of the higher property tax rates in Missouri at 1.32%, while the city of Olean boasts one of the lowest at 0.79%. Analyzing how Moniteau County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Moniteau County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moniteau County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnett | 0.86% | 0.97% | 1.06% | 1.16% | 4.89% |
| California | 0.95% | 1.01% | 1.03% | 1.03% | 4.44% |
| Centertown | 0.91% | 0.96% | 0.97% | 1.04% | 2.16% |
| Clarksburg | 0.95% | 1.09% | 1.32% | 1.32% | 2.89% |
| Eldon | N/A | N/A | N/A | N/A | N/A |
| Fortuna | 0.75% | 0.90% | 0.97% | 0.98% | 3.87% |
| High Point | N/A | N/A | N/A | N/A | N/A |
| Jamestown | 0.97% | 1.07% | 1.11% | 1.28% | 2.80% |
| Latham | 0.72% | 0.80% | 0.90% | 0.91% | 2.52% |
| Lohman | N/A | N/A | N/A | N/A | N/A |
| Olean | N/A | N/A | N/A | N/A | N/A |
| Prairie Home | N/A | N/A | N/A | N/A | N/A |
| Russellville | 0.94% | 1.03% | 1.09% | 1.11% | 3.28% |
| Tipton | 0.93% | 1.09% | 1.09% | 1.09% | 5.05% |
| Versailles | 0.72% | 0.77% | 0.87% | 0.95% | 5.39% |
| Wooldridge | 0.91% | 1.06% | 1.11% | 1.14% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Moniteau County, Missouri
In Moniteau County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Moniteau County Appraisal District. The assessed value, however, 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 Moniteau County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Moniteau County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Moniteau County, the highest median tax bill is $1,759 in High Point, while the lowest median tax bill is $651 in Fortuna.
Property Tax Assessment Values Across Moniteau County, Missouri
Source: Ownwell
$47,900
$90,200
$132,500
Average Moniteau County Assessed Value
$88,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moniteau County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnett | $44,570 | $78,250 | $103,700 | $165,200 | $197,420 |
| California | $34,100 | $56,675 | $93,000 | $140,900 | $202,630 |
| Centertown | $31,860 | $81,300 | $123,500 | $155,900 | $221,700 |
| Clarksburg | $9,930 | $25,500 | $47,900 | $97,450 | $175,200 |
| Eldon | N/A | N/A | N/A | N/A | N/A |
| Fortuna | $17,030 | $26,250 | $59,650 | $115,875 | $202,480 |
| High Point | N/A | N/A | N/A | N/A | N/A |
| Jamestown | $21,500 | $42,725 | $79,250 | $129,975 | $181,250 |
| Latham | $39,290 | $70,955 | $129,050 | $179,725 | $230,980 |
| Lohman | N/A | N/A | N/A | N/A | N/A |
| Olean | N/A | N/A | N/A | N/A | N/A |
| Prairie Home | N/A | N/A | N/A | N/A | N/A |
| Russellville | $37,650 | $71,325 | $113,400 | $159,475 | $212,860 |
| Tipton | $32,300 | $52,300 | $78,600 | $115,750 | $175,140 |
| Versailles | $31,100 | $61,950 | $132,500 | $209,575 | $240,790 |
| Wooldridge | $41,200 | $74,125 | $87,350 | $134,450 | $162,150 |
Source: Ownwell
Property Tax Bills Across Moniteau County, Missouri
In Moniteau County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. For homeowners, the median home price stands at $88,800. The tax rate in this county is applied to the assessed value to determine the annual tax bill. Several factors, including property size, location, and improvements, influence the assessed value. Homeowners in Moniteau County can expect varying tax bills. At the 25th percentile, the tax bill is approximately $602, while at the 75th percentile, it climbs to around $1,751. The top 10% of property tax bills can reach up to $4,236. Comparing these figures to the national median property tax rate of 0.99%, Moniteau County's rates can be seen as relatively moderate or high depending on the specific property. These tax bills significantly impact homeowners, affecting their annual budget and long-term financial planning. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations more accurately.
Average Moniteau County Tax Bill
$1,018
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Moniteau County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnett | $556 | $1,010 | $1,467 | $1,866 | $4,955 |
| California | $369 | $618 | $1,031 | $1,791 | $4,524 |
| Centertown | $333 | $864 | $1,216 | $1,753 | $3,174 |
| Clarksburg | $163 | $346 | $705 | $1,412 | $2,610 |
| Eldon | N/A | N/A | N/A | N/A | N/A |
| Fortuna | $189 | $315 | $651 | $1,431 | $3,341 |
| High Point | N/A | N/A | N/A | N/A | N/A |
| Jamestown | $244 | $527 | $1,042 | $1,697 | $3,195 |
| Latham | $357 | $690 | $1,145 | $1,753 | $4,885 |
| Lohman | N/A | N/A | N/A | N/A | N/A |
| Olean | N/A | N/A | N/A | N/A | N/A |
| Prairie Home | N/A | N/A | N/A | N/A | N/A |
| Russellville | $461 | $782 | $1,322 | $2,064 | $4,022 |
| Tipton | $360 | $599 | $917 | $1,507 | $4,589 |
| Versailles | $427 | $837 | $1,421 | $2,231 | $3,890 |
| Wooldridge | $527 | $802 | $1,068 | $1,548 | $2,482 |
Source: Ownwell