Scott City, Scott County, Missouri Property Taxes
The median property tax rate in Scott City, MO is 1.05%, slightly above the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $67,880 in Scott City, the typical annual property tax bill amounts to $664, which is significantly below the national median of $2,690. Property taxes here are based on the tax assessed value, which is usually less than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Scott City's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial yearly savings. Whether residing in the heart of Scott City or its outskirts, understanding the local property tax framework is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Scott City, Scott County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$713
$661
Ownwell’s Scott City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scott City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scott City 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 Scott City, Scott County, Missouri
Property taxes in Scott City, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scott City is 1.05%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Scott City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scott City 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 Scott City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63780 zip code has the highest median property tax rate of 1.05%, while the same 63780 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Scott City provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scott City Tax Rate
1.05%
Average Scott County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scott City, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63780 | 0.82% | 0.89% | 1.05% | 1.05% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Scott City, Scott County, Missouri
In Scott City, 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 Scott 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 Scott City, 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 Scott City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Scott City are both $664.00, found in the zip code 63780, with tax bills ranging from $419 at the 25th percentile to $1,400 at the 90th percentile.
Property Tax Assessment Values Across Scott City, Scott County, Missouri
Source: Ownwell
$24,415
$61,308
$98,200
Average Scott City Assessed Value
$67,880
Average Scott County Assessed Value
$61,900
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scott City, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63780 | $24,966 | $41,300 | $67,880 | $103,630 | $153,606 |
Source: Ownwell
Property Tax Bills Across Scott City, Scott County, Missouri
In Scott City, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area see their tax bills influenced by several factors, including the median home price of $67,880. The property tax rate in Scott City is applied to the assessed value to determine the annual tax bill. For instance, the 25th percentile of tax bills is around $419, while the 75th percentile reaches up to $993. At the higher end, the 90th percentile tax bill can be as much as $1,400. These tax bills can significantly affect homeowners, impacting their annual budgets and financial planning. Compared to the national median property tax rate of 0.99%, Scott City's property tax rates can vary, reflecting local economic conditions and funding requirements for public services. Understanding these factors helps homeowners anticipate their financial obligations and manage their expenses more effectively.
Average Scott City Tax Bill
$664
Average Scott County Tax Bill
$598
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Scott City, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63780 | $257 | $419 | $664 | $993 | $1,400 |
Source: Ownwell