Meta, Missouri Property Taxes
The median property tax rate in META, MO is 0.87%, 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 META, the typical annual property tax bill is $238, significantly below the national median of $2,690. Property taxes in META are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding META'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 META 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
Meta, 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 META Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in META with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in META 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 Meta, Missouri
Property taxes in META, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in META is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within META set these rates annually, and they can vary significantly across different neighborhoods. Each year, META 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 META's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65058 zip code has both the highest and lowest median property tax rate of 0.87%. Understanding how these cities compare with META provides valuable insights into the varying tax landscape across Osage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meta Tax Rate
0.87%
Average Osage County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65058 | 0.63% | 0.80% | 0.87% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Meta, Missouri
In META, 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 Osage 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 META, 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 META helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 65058 has the highest and lowest median tax bill at $238.00, which is significantly lower than the national median property tax rate of 0.99%.
Average Meta Assessed Value
$24,930
Average Osage County Assessed Value
$30,816
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65058 | $2,009 | $9,229 | $24,930 | $61,853 | $85,579 |
Source: Ownwell
Property Tax Bills Across Meta, Missouri
In META, located in Osage County, MO, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $24,930, homeowners in META can expect varying tax bills. The tax bill at the 25th percentile is around $51, while at the 75th percentile, it rises to approximately $519. For those at the 90th percentile, the tax bill can reach up to $636. These rates are influenced by local government budgets and the needs of the community, which means homeowners in META may experience different tax burdens compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners, as property taxes directly impact their annual expenses and overall financial planning.
Average Meta Tax Bill
$238
Average Osage County Tax Bill
$261
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Meta, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65058 | $19 | $51 | $238 | $519 | $636 |
Source: Ownwell