Marthasville, Warren County, Missouri Property Taxes
The median property tax rate in Marthasville, MO is 1.17%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $130,042, the typical annual property tax bill in Marthasville amounts to $1,509, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Marthasville'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 Marthasville or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marthasville, Warren County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,521
$1,412
Ownwell’s Marthasville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marthasville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marthasville 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 Marthasville, Warren County, Missouri
Property taxes in Marthasville, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marthasville is 1.17%, higher than the U.S. national median of 0.99%. Local government entities within Marthasville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marthasville 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 Marthasville's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63357 has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Marthasville provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marthasville Tax Rate
1.17%
Average Warren County Tax Rate
1.14%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marthasville, Warren County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63357 | 1.03% | 1.12% | 1.17% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Marthasville, Warren County, Missouri
In Marthasville, 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 Warren 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 Marthasville, 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 Marthasville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 63357, both at $1,509.
Property Tax Assessment Values Across Marthasville, Warren County, Missouri
Source: Ownwell
$37,757
$106,561
$175,365
Average Marthasville Assessed Value
$130,042
Average Warren County Assessed Value
$120,064
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marthasville, Warren County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63357 | $41,130 | $77,490 | $130,042 | $189,901 | $254,137 |
Source: Ownwell
Property Tax Bills Across Marthasville, Warren County, Missouri
In Marthasville, located in Warren County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $130,042, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors considered in determining the tax bill include the home's location, market value, and any applicable exemptions or deductions. For example, the tax bill at the 25th percentile is $860, while at the 75th percentile, it rises to $2183, and at the 90th percentile, it reaches $2949. These variations illustrate how different factors impact the final amount owed. Homeowners in Marthasville should be aware of these factors as they directly influence their annual property tax obligations, affecting their overall financial planning.
Average Marthasville Tax Bill
$1,509
Average Warren County Tax Bill
$1,370
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Marthasville, Warren County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63357 | $461 | $860 | $1,509 | $2,183 | $2,949 |
Source: Ownwell