Clark, Missouri Property Taxes
The median property tax rate in Clark, MO is 1.06%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value in Clark of $140,800, the typical annual property tax bill amounts to $1,489, which is below the national median of $2,690. Property taxes in Clark are based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Clark'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 Clark 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
Clark, 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 Clark Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clark with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clark to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Clark, Missouri
Property taxes in Clark, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clark is 1.06%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Clark set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clark 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 Clark's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65243 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these areas compare with Clark provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clark Tax Rate
1.06%
Average Monroe County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | 0.69% | 0.97% | 1.06% | 1.11% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Clark, Missouri
In Clark, 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 local 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 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 Clark helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $1489 in zip code 65243, while the lowest median tax bill is also $1489 in the same zip code.
Average Clark Assessed Value
$140,800
Average Monroe County Assessed Value
$49,250
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | $33,440 | $95,800 | $140,800 | $157,400 | $194,020 |
Source: Ownwell
Property Tax Bills Across Clark, Missouri
Property tax bills in Clark, located in Monroe County, MO, are calculated based on the assessed value of a property, which is typically a percentage of the market value. For homeowners in Clark, the assessed value is determined by local assessors who evaluate properties periodically. The tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value. In Clark, the median home price stands at $140,800, with property tax bills ranging significantly. Homeowners at the 25th percentile pay around $1,041, while those at the 75th percentile face bills of approximately $1,698. The tax burden can be higher for some, with the 90th percentile reaching up to $1,909. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how local assessments and rates impact their financial obligations. This variability underscores the importance of staying informed about property tax assessments and potential appeals.
Average Clark Tax Bill
$1,489
Average Monroe County Tax Bill
$442
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | $305 | $1,041 | $1,489 | $1,698 | $1,909 |
Source: Ownwell