Trimble, Missouri Property Taxes
The median property tax rate in Trimble, MO is 1.24%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Trimble, the typical annual property tax bill reaches $1,914, exceeding the national median of $2,690. Property taxes in Trimble 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 Trimble'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 Trimble 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
Trimble, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,789
Ownwell’s Trimble Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trimble with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trimble 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 Trimble, Missouri
Property taxes in Trimble, Missouri, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Trimble is 1.19%, higher than both the Missouri state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Trimble set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trimble 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 Trimble's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64492 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Trimble provides valuable insights into the varying tax landscape across Platte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Trimble Tax Rate
1.24%
Average Platte County Tax Rate
1.45%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trimble, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64492 | 1.10% | 1.21% | 1.24% | 1.26% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Trimble, Missouri
In Trimble, 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 Platte 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 Trimble, 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 Trimble helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the 64492 zip code are both $1914.
Average Trimble Assessed Value
$144,310
Average Platte County Assessed Value
$243,632
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Trimble, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64492 | $95,594 | $110,775 | $144,310 | $165,251 | $321,937 |
Source: Ownwell
Property Tax Bills Across Trimble, Missouri
In Trimble, located in Platte County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Trimble is $144,310. Property taxes are determined by applying the local tax rate to this assessed value. For instance, homeowners in the 25th percentile might see tax bills around $1,266, while those in the 75th percentile could pay approximately $2,176. At the higher end, the 90th percentile tax bill can reach up to $3,938. The highest and lowest median tax bills in the region both stand at $1,914, reflecting a uniform rate across different zip codes. Compared to the national median property tax rate of 0.99%, homeowners in Trimble may experience a varied impact on their finances depending on their property's assessed value. These factors collectively influence the overall financial burden on homeowners, making it essential to understand how local property taxes are calculated and managed.
Average Trimble Tax Bill
$1,914
Average Platte County Tax Bill
$3,540
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Trimble, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64492 | $1,066 | $1,266 | $1,914 | $2,176 | $3,938 |
Source: Ownwell