Clifton Hill, Missouri Property Taxes
The median property tax rate in Clifton Hill, MO is 0.90%, 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 Clifton Hill at $54,850, the typical annual property tax bill is $427, significantly below the national median of $2,690. Property taxes in Clifton Hill 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 Clifton Hill'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 Clifton Hill or another part of Randolph County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clifton Hill, 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 Clifton Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clifton Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clifton Hill 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 Clifton Hill, Missouri
Property taxes in Clifton Hill, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clifton Hill is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities within Clifton Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clifton Hill 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 Clifton Hill's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65244 has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Clifton Hill 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 Clifton Hill Tax Rate
0.90%
Average Randolph County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clifton Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65244 | 0.60% | 0.77% | 0.90% | 1.00% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Clifton Hill, Missouri
In Clifton Hill, 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 Clifton Hill, 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 Clifton Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $427, found in the 65244 zip code.
Average Clifton Hill Assessed Value
$54,850
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 Clifton Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65244 | $8,880 | $22,515 | $54,850 | $115,782 | $192,295 |
Source: Ownwell
Property Tax Bills Across Clifton Hill, Missouri
In Clifton Hill, Randolph 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, set by various taxing authorities in the county, is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $54,850, homeowners can expect tax bills ranging from $186 at the 25th percentile to $1,680 at the 90th percentile. The median tax bill in Clifton Hill stands at $427, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can be a relief for homeowners, making property ownership more affordable. However, it’s essential for homeowners to stay informed about changes in assessed values and tax rates, as these factors directly impact their annual property tax obligations.
Average Clifton Hill Tax Bill
$427
Average Randolph County Tax Bill
$705
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clifton Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65244 | $70 | $186 | $427 | $981 | $1,680 |
Source: Ownwell