Clubb, Wayne County, Missouri Property Taxes
The median property tax rate in Clubb, MO is 0.75%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $19,300 in Clubb, the typical annual property tax bill is approximately $155, significantly less than the national median of $2,690. Property taxes in Clubb are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Clubb'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 Clubb 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
Clubb, Wayne County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$145
$134
Ownwell’s Clubb Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clubb with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clubb 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 Clubb, Wayne County, Missouri
Property taxes in Clubb, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clubb is 0.75%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Clubb set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clubb 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 Clubb's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63934 zip code has the highest median property tax rate of 0.75%, while the same 63934 zip code also has the lowest median tax rate of 0.75%. Understanding how these areas compare with Clubb provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clubb Tax Rate
0.75%
Average Wayne County Tax Rate
0.77%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clubb, Wayne County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63934 | 0.68% | 0.73% | 0.75% | 0.75% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Clubb, Wayne County, Missouri
In Clubb, 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 Wayne 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 Clubb, 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. The median home price in Clubb is $19,300, with tax bills ranging from $55 at the 25th percentile to $610 at the 90th percentile. The highest and lowest median tax bills, both at $155, are found in the 63934 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 Clubb helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Clubb, Wayne County, Missouri
Source: Ownwell
$9,800
$22,200
$34,600
Average Clubb Assessed Value
$19,300
Average Wayne County Assessed Value
$16,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clubb, Wayne County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63934 | $2,100 | $7,550 | $19,300 | $44,125 | $83,000 |
Source: Ownwell
Property Tax Bills Across Clubb, Wayne County, Missouri
In Clubb, MO, located in Wayne County, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Clubb is $19,300. Property taxes are calculated by applying the local tax rate to this assessed value. For homeowners in Clubb, tax bills can vary significantly. At the 25th percentile, homeowners pay around $55 annually, while those at the 75th percentile see tax bills of approximately $324. The top 10% of homeowners face tax bills as high as $610. Factors influencing these variations include the property's assessed value, local tax rates, and any applicable exemptions or abatements. Compared to the national median property tax rate of 0.99%, Clubb's tax bills are relatively modest, providing some financial relief to homeowners. However, understanding these factors is crucial for homeowners to manage their finances effectively and anticipate potential changes in their tax obligations.
Average Clubb Tax Bill
$155
Average Wayne County Tax Bill
$122
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Clubb, Wayne County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63934 | $16 | $55 | $155 | $324 | $610 |
Source: Ownwell