Concordia, Missouri Property Taxes
The median property tax rate in Concordia, MO is 1.16%, which is higher than the national median of 0.99% but slightly below Missouri's state median of 1.20%. With a median home value of $47,085 in Concordia, the typical annual property tax bill amounts to $545, which is significantly lower than the national median of $2,690. Property taxes in Concordia are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Concordia's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in Concordia or investing in its real estate market, a thorough grasp of the local property tax system is essential for financial planning and maximizing property value.
Last Updated June 14, 2024
Concordia, 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 Concordia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Concordia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Concordia 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 Concordia, Missouri
Property taxes in Concordia, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Concordia is 1.16%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Concordia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Concordia 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 Concordia's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64020 zip code has the highest median property tax rate of 1.16%, while the lowest median tax rate is also 1.16%. Understanding how these cities compare with Concordia provides valuable insights into the varying tax landscape across Lafayette, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Concordia Tax Rate
1.16%
Average Saline County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Concordia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64020 | 1.07% | 1.16% | 1.16% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Concordia, Missouri
In Concordia, 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 Saline County 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 Concordia, 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 Concordia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Concordia is $47,085, with tax bills ranging from $341 at the 25th percentile to $1,249 at the 90th percentile.
Average Concordia Assessed Value
$47,085
Average Saline County Assessed Value
$78,621
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Concordia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64020 | $21,143 | $29,489 | $47,085 | $73,036 | $112,124 |
Source: Ownwell
Property Tax Bills Across Concordia, Missouri
In Concordia, located in Saline County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Concordia is $47,085. Property tax rates are applied to this assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile pay around $341 annually, while those in the 75th percentile pay approximately $845. At the 90th percentile, the tax bill can reach $1,249. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Concordia’s rates reflect the local economic conditions and funding needs for public services such as schools and infrastructure. These tax bills significantly impact homeowners by contributing to the overall cost of property ownership, which can affect their financial planning and investment decisions.
Average Concordia Tax Bill
$545
Average Saline County Tax Bill
$974
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Concordia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64020 | $244 | $341 | $545 | $845 | $1,249 |
Source: Ownwell