Moberly, Randolph County, Missouri Property Taxes
The median property tax rate in Moberly, MO is 1.31%, which is considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Moberly at $62,000, the typical annual property tax bill reaches $750, exceeding the national median of $2,690. Property taxes in Moberly 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 Moberly'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 Moberly 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
Moberly, Randolph County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$812
$754
Ownwell’s Moberly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moberly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moberly 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 Randolph County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Moberly, Randolph County, Missouri
Property taxes in Moberly, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moberly is 1.31%, significantly higher than the Missouri state median and the U.S. national median of 0.99%. Local government entities within Moberly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moberly 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 Moberly's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65270 has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Moberly 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 Moberly Tax Rate
1.31%
Average Randolph County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moberly, Randolph County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65270 | 1.04% | 1.19% | 1.31% | 1.32% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Moberly, Randolph County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Moberly, 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 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 Moberly, 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. Moberly homeowners should note that the median home price is $62,000, with tax bills ranging from $359 at the 25th percentile to $2,316 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Moberly, Randolph County, Missouri
Source: Ownwell
$32,320
$77,160
$122,000
Average Moberly Assessed Value
$62,000
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 Moberly, Randolph County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65270 | $16,900 | $29,068 | $62,000 | $120,118 | $187,142 |
Source: Ownwell
Property Tax Bills Across Moberly, Randolph County, Missouri
In Moberly, located in Randolph County, MO, property tax bills are determined based on the assessed value of a home and the applicable tax rate. The assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $62,000, the tax bill can vary significantly. Homeowners in the 25th percentile may see tax bills around $359, while those in the 75th percentile might pay approximately $1,463. At the 90th percentile, tax bills can reach up to $2,316. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. The highest and lowest median tax bills in Moberly are both reported at $750, indicating a relatively consistent tax rate across the area. Compared to the national median property tax rate of 0.99%, Moberly's rates can be quite variable, affecting homeowners differently based on their property's assessed value. Understanding these factors can help homeowners anticipate their annual property tax obligations.
Average Moberly Tax Bill
$750
Average Randolph County Tax Bill
$705
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Moberly, Randolph County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65270 | $212 | $359 | $750 | $1,463 | $2,316 |
Source: Ownwell