Marietta, Missouri Property Taxes
The median property tax rate in Marietta, MO is 0.76%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Marietta, the typical annual property tax bill is $95, significantly less than the national median of $2,690. Property taxes in Marietta are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marietta'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 Marietta 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
Marietta, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$95
Ownwell’s Marietta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marietta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marietta 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 Marietta, Missouri
Property taxes in Marietta, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marietta is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Marietta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marietta 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 Marietta's effective property tax rate to other counties in Missouri and the national median. For comparison, the 30062 zip code has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these areas compare with Marietta 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 Marietta Tax Rate
0.76%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marietta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30062 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Marietta, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Marietta, Missouri. 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 local appraisal authorities 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 Marietta, 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 Marietta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Marietta, the median home price is $12,500, with tax bills ranging from $95 at the 25th percentile to $95 at the 90th percentile, indicating a consistent tax burden across different property values.
Average Marietta Assessed Value
$12,500
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 Marietta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30062 | $12,500 | $12,500 | $12,500 | $12,500 | $12,500 |
Source: Ownwell
Property Tax Bills Across Marietta, Missouri
In Marietta, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home rather than its market value. The county assesses properties at a percentage of their market value to determine the taxable amount. Homeowners in Marietta can expect property tax bills that are influenced by the assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Marietta is $12,500, and property tax bills typically range around $95, regardless of the home's value percentile. This indicates a relatively consistent tax burden across different property values. Compared to the national median property tax rate of 0.99%, Marietta's property tax rate appears to be significantly lower, offering some financial relief to homeowners. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly. The relatively low and consistent property tax bills in Marietta can contribute to a more predictable and manageable cost of homeownership.
Average Marietta Tax Bill
$95
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Marietta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30062 | $95 | $95 | $95 | $95 | $95 |
Source: Ownwell