Arbela, Scotland County, Missouri Property Taxes
The median property tax rate in Arbela, MO is 1.08%, 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 Arbela, the typical annual property tax bill is $410, significantly below the national median of $2,690. Property taxes in Arbela 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 Arbela'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 Arbela 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
Arbela, Scotland County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$498
$462
Ownwell’s Arbela Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arbela with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arbela 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 Arbela, Scotland County, Missouri
Property taxes in Arbela, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Arbela is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Arbela set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arbela 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 Arbela's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63432 has both the highest and lowest median property tax rate of 1.08%. Understanding how these cities compare with Arbela provides valuable insights into the varying tax landscape across Scotland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arbela Tax Rate
1.08%
Average Scotland County Tax Rate
1.18%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arbela, Scotland County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63432 | 0.79% | 0.90% | 1.08% | 1.18% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Arbela, Scotland County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Arbela, 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 Scotland 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 Arbela, 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. For example, the median home price in Arbela is $46,080. Tax bills can vary significantly, with the 25th percentile at $98 and the 90th percentile reaching up to $1,925. The highest and lowest median tax bills are both $410, found in the 63432 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Arbela, Scotland County, Missouri
Source: Ownwell
$18,450
$49,545
$80,640
Average Arbela Assessed Value
$46,080
Average Scotland County Assessed Value
$40,880
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arbela, Scotland County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63432 | $1,543 | $8,612 | $46,080 | $95,270 | $183,757 |
Source: Ownwell
Property Tax Bills Across Arbela, Scotland County, Missouri
In Arbela, located in Scotland County, MO, property tax bills are determined based on the assessed value of the property, which is a percentage of the property's market value. For instance, the median home price in Arbela is $46,080. Property taxes are calculated by multiplying the assessed value by the local tax rate. The tax bill can vary significantly, with the 25th percentile at $98 and the 75th percentile at $1,014, reflecting the range of property values and tax rates within the area. Homeowners in Arbela should be aware that their property tax bill can have a significant impact on their annual expenses. For example, the highest median tax bill in the area is $410, which might seem modest compared to national averages but can still be a considerable expense for local residents. Understanding these factors can help homeowners better anticipate their financial obligations and plan accordingly.
Average Arbela Tax Bill
$410
Average Scotland County Tax Bill
$472
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Arbela, Scotland County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63432 | $19 | $98 | $410 | $1,014 | $1,925 |
Source: Ownwell