Clinton, Missouri Property Taxes
The median property tax rate in Clinton, MO is 0.86%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $27,700 in Clinton, the typical annual property tax bill is $238, significantly below the national median of $2,690. Property taxes in Clinton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Clinton'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 Clinton 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
Clinton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$238
Ownwell’s Clinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton 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 Clinton, Missouri
Property taxes in Clinton, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 0.86%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64735 has the highest median property tax rate of 0.86%, while the same zip code has the lowest median tax rate of 0.86%. Understanding how these cities compare with Clinton provides valuable insights into the varying tax landscape across Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
0.86%
Average Stone County Tax Rate
0.93%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64735 | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Missouri
In Clinton, 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 Stone 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 Clinton, 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 Clinton is $27,700, with tax bills ranging from $238 at the 25th percentile to $238 at the 90th percentile. The highest and lowest median tax bills are both $238, found in the 64735 zip code. 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 Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clinton Assessed Value
$27,700
Average Stone County Assessed Value
$50,150
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64735 | $27,700 | $27,700 | $27,700 | $27,700 | $27,700 |
Source: Ownwell
Property Tax Bills Across Clinton, Missouri
In Clinton, MO, property tax bills are calculated based on the assessed value of your home. The assessed value is a percentage of the market value, which is determined by the county assessor. For instance, if the median home price in Clinton is $27,700, the assessed value would be a fraction of this amount, depending on the local assessment ratio. Once the assessed value is established, the tax rate is applied to calculate the annual tax bill. Several factors are considered in determining the tax bill, including the property's location, its market value, and any applicable exemptions. In Clinton, the tax bill at the 25th, 75th, and 90th percentiles is consistently $238, which aligns with the highest and lowest median tax bills recorded in the 64735 zip code. This uniformity suggests a stable tax environment for homeowners. Compared to the national median property tax rate of 0.99%, Clinton offers a relatively low tax burden, making it an attractive option for property owners seeking affordability.
Average Clinton Tax Bill
$238
Average Stone County Tax Bill
$460
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64735 | $238 | $238 | $238 | $238 | $238 |
Source: Ownwell