Carbondale, Missouri Property Taxes
The median property tax rate in Carbondale, MO is 0.83%, 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 Carbondale at $9,000, the typical annual property tax bill is $75, significantly below the national median of $2,690. Property taxes in Carbondale are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Carbondale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Carbondale or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carbondale, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$75
Ownwell’s Carbondale Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential owner looking to estimate their annual property taxes in Carbondale. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Carbondale to provide an accurate estimate of your property tax bill. This valuable tool offers clear insights into potential tax liabilities, helping you plan your finances more effectively. If you’re interested in exploring trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Carbondale, Missouri
Property taxes in Carbondale, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carbondale is 0.83%, which is lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Carbondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carbondale 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 Carbondale's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in Missouri is found in ZIP code 63005, with a rate of 1.34%, while the lowest median tax rate is in ZIP code 64098, at 0.51%. Understanding how these cities compare with Carbondale provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carbondale Tax Rate
0.83%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbondale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Carbondale, Missouri
In Carbondale, 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 Morgan 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 Carbondale, 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 Carbondale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Carbondale is $9,000, with tax bills ranging from $75 at the 25th percentile to $75 at the 90th percentile.
Average Carbondale Assessed Value
$9,000
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carbondale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Carbondale, Missouri
In Carbondale, located in Morgan County, MO, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and is a percentage of the market value of your property. For instance, if your home's market value is $9,000, the assessed value is a fraction of this amount, which is then multiplied by the local tax rate to determine your tax bill. Several factors influence your property tax bill, including the assessed value of your home, the local tax rate, and any applicable exemptions or abatements. In Carbondale, the median tax bill tends to be consistent, with the 25th, 75th, and 90th percentiles all around $75. This relatively low and uniform tax bill can be beneficial for homeowners, providing predictability and financial stability. Compared to the national median property tax rate of 0.99%, Carbondale's tax rates are quite favorable, making it an attractive location for those looking to minimize their property tax burden.
Average Carbondale Tax Bill
$75
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbondale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell