Malta Bend, Missouri Property Taxes
The median property tax rate in Malta Bend, MO is 1.32%, which is significantly higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Malta Bend at $55,818, the typical annual property tax bill comes to $719, well below the national median of $2,690. Property taxes in Malta Bend are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Malta Bend'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 Malta Bend or another part of Saline County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Malta Bend, 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 Malta Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Malta Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Malta Bend 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 Malta Bend, Missouri
Property taxes in Malta Bend, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Malta Bend is 0.90%, which is lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Malta Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Malta Bend 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 Malta Bend's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65339 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Malta Bend provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Malta Bend Tax Rate
1.32%
Average Saline County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Malta Bend, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65339 | 0.93% | 1.13% | 1.32% | 1.32% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Malta Bend, Missouri
In Malta Bend, 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 Malta Bend, 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 Malta Bend 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 65339, with a tax bill of $719.
Average Malta Bend Assessed Value
$55,818
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 Malta Bend, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65339 | $8,571 | $23,603 | $55,818 | $130,782 | $241,695 |
Source: Ownwell
Property Tax Bills Across Malta Bend, Missouri
Property tax bills in Malta Bend, located in Saline County, MO, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value. In Malta Bend, homeowners benefit from relatively low property taxes compared to the national median property tax rate of 0.99%. For instance, the median home price in Malta Bend is $55,818, and the median tax bill is $719, which is significantly lower than the national average. To determine a homeowner's tax bill, the local government assesses the property value and applies the local tax rate to this assessed value. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Malta Bend can expect their property tax bills to vary widely. The 25th percentile tax bill is $319, while the 75th percentile tax bill is $1,433, and the 90th percentile tax bill can reach up to $2,642. These property taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the quality of life in the community.
Average Malta Bend Tax Bill
$719
Average Saline County Tax Bill
$974
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Malta Bend, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65339 | $127 | $319 | $719 | $1,433 | $2,642 |
Source: Ownwell