Placerville, Missouri Property Taxes
The median property tax rate in Placerville, 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 Placerville at $15,500, the typical annual property tax bill amounts to $128, significantly below the national median of $2,690. Property taxes in Placerville are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Placerville'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 Placerville or another part of Morgan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Placerville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$129
Ownwell’s Placerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Placerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Placerville 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 Placerville, Missouri
Property taxes in Placerville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Placerville is 0.83%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Placerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Placerville 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 Placerville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 95667 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Placerville 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 Placerville 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 Placerville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95667 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Placerville, Missouri
In Placerville, 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 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 Placerville, 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 Placerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 95667 has both the highest and lowest median tax bill in Placerville, amounting to $128.
Average Placerville Assessed Value
$15,500
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 Placerville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95667 | $15,500 | $15,500 | $15,500 | $15,500 | $15,500 |
Source: Ownwell
Property Tax Bills Across Placerville, Missouri
In Placerville, located in Morgan County, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, the median home price in Placerville is $15,500, and the property tax rate is a significant factor in determining the final bill. The tax bills in this area are relatively consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $128. Several factors influence the assessed value, including property condition, location, and market trends. This assessed value directly impacts homeowners by determining their annual property tax obligation. Compared to the national median property tax rate of 0.99%, Placerville's tax scenario offers a unique perspective on local property taxation. Homeowners in this region should stay informed about any changes in assessment practices or tax rates to effectively manage their annual tax expenses.
Average Placerville Tax Bill
$128
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Placerville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95667 | $128 | $128 | $128 | $128 | $128 |
Source: Ownwell