Cairo, Randolph County, Missouri Property Taxes
The median property tax rate in Cairo, MO is 1.06%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $83,130 in Cairo, the typical annual property tax bill amounts to $861, which is significantly below the national median of $2,690. Property taxes in Cairo are calculated based on the tax assessed value, which is usually lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Cairo'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 Cairo or another part of Randolph County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cairo, Randolph County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$881
$818
Ownwell’s Cairo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cairo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cairo 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 Cairo, Randolph County, Missouri
Property taxes in Cairo, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cairo is 1.06%, slightly higher than the U.S. national median of 0.99%. Local government entities within Cairo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cairo 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 Cairo's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65239 has both the highest and lowest median property tax rate of 1.06%. Understanding how these areas compare with Cairo provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cairo Tax Rate
1.06%
Average Randolph County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cairo, Randolph County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65239 | 0.83% | 0.98% | 1.06% | 1.10% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Cairo, Randolph County, Missouri
In Cairo, 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 Randolph 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 Cairo, 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 Cairo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65239 at $861.00, while the lowest is also in the same zip code at $861.00.
Property Tax Assessment Values Across Cairo, Randolph County, Missouri
Source: Ownwell
$32,320
$77,160
$122,000
Average Cairo Assessed Value
$83,130
Average Randolph County Assessed Value
$62,225
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cairo, Randolph County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65239 | $19,616 | $43,800 | $83,130 | $151,000 | $215,476 |
Source: Ownwell
Property Tax Bills Across Cairo, Randolph County, Missouri
In Cairo, property tax bills are calculated based on the assessed value of a home, which is determined by the Randolph County Assessor's Office. The assessed value is a percentage of the property's market value. For instance, if the median home price is $83,130, the assessed value would be a fraction of this amount. The property tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including property improvements, neighborhood developments, and changes in market conditions. For homeowners in Cairo, the tax bill can vary significantly. For example, those in the 25th percentile pay around $438 annually, while those in the 75th percentile pay approximately $1,561. The highest tax bills, in the 90th percentile, can reach up to $2,243. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Comparing to the national median property tax rate of 0.99%, Cairo's rates reflect its specific economic and property market conditions.
Average Cairo Tax Bill
$861
Average Randolph County Tax Bill
$705
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cairo, Randolph County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65239 | $195 | $438 | $861 | $1,561 | $2,243 |
Source: Ownwell