Clark, Randolph County, Missouri Property Taxes
The median property tax rate in Clark, MO is 1.15%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Clark at $66,780, the typical annual property tax bill is $743, which is significantly lower than the national median of $2,690. Property taxes in Clark are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Clark'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 Clark 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
Clark, Randolph County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$768
$713
Ownwell’s Clark Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clark with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clark 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 Clark, Randolph County, Missouri
Property taxes in Clark, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clark is 0.95%, slightly lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Clark set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clark 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 Clark's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in the region is 1.24%, while the lowest median tax rate is 0.83%. Understanding how these cities compare with Clark 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 Clark Tax Rate
1.15%
Average Randolph County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clark, Randolph County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | 0.87% | 1.04% | 1.15% | 1.24% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Clark, Randolph County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clark, 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 the local 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 Clark, 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 Clark helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clark is $66,780, with tax bills ranging from $307 at the 25th percentile to $2,089 at the 90th percentile. The highest and lowest median tax bills are both $743 in the 65243 zip code.
Property Tax Assessment Values Across Clark, Randolph County, Missouri
Source: Ownwell
$32,320
$77,160
$122,000
Average Clark Assessed Value
$66,780
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 Clark, Randolph County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | $11,800 | $28,598 | $66,780 | $119,838 | $191,825 |
Source: Ownwell
Property Tax Bills Across Clark, Randolph County, Missouri
Property tax bills in Clark, located in Randolph County, MO, 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 homeowners in Clark, the median home price stands at $66,780. The property tax rate in this region is notably lower than the national median rate of 0.99%, resulting in relatively modest tax bills. Homeowners in the 25th percentile pay around $307 annually, while those in the 75th percentile face bills closer to $1,277. At the 90th percentile, tax bills can reach up to $2,089. These amounts reflect the variations in property values and the corresponding assessed values. The highest and lowest median tax bills in the area are both $743, indicating a consistent tax rate across different properties. These property taxes fund essential public services, impacting the overall quality of life and community infrastructure in Clark.
Average Clark Tax Bill
$743
Average Randolph County Tax Bill
$705
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clark, Randolph County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65243 | $112 | $307 | $743 | $1,277 | $2,089 |
Source: Ownwell