Missouri’s Marion County residents pay an average property tax rate of 0.84%, which comes out to an average payment of about $770 per year.
Property taxes are yet another one of those inevitable costs that come with homeownership. But since they vary from place to place and year to year, understanding why your property tax bill costs what it does can get confusing.
That’s why the home and car insurance
comparison app Jerry
is here to give you the rundown on property taxes in Marion County. Read on to learn more about how and when to pay your taxes and what they fund. Property tax 101
The world of property taxes can be pretty confusing, especially if you’ve never dealt with them before.
While much about property taxes will vary based on where you live, what property taxes all have in common is that they’re collected by local governments and distributed accordingly to support public services and special projects, including education, sanitation, and libraries.
Your property taxes will be calculated by a local assessor based on market values in your area and the established tax rate.
MORE: Is car insurance tax deductible?
What is the property tax rate in Marion County?
The average property tax rate in Marion County is 0.84% of a home’s assessed value, which results in an average payment of $770. That’s slightly lower than the state average rate in Missouri, which is 0.91%.
How Marion County property taxes are determined
Properties are assessed in Marion County beginning January 1. Your property’s assessed value will be calculated based on the established tax rate and market conditions.
Your property tax may vary depending on the taxing districts in which your home is located, including county districts, city districts, and school districts.
If you’re looking to calculate your annual property tax rate based on your school district or another political subdivision, you can use the Missouri state auditor’s office’s online calculators
. If you think your home’s value has been overestimated and that you’re paying too much, you can appeal your property’s assessment or informally inquire about it by contacting the assessor’s office.
What do Marion County property taxes pay for?
Marion County property taxes are collected by the county’s collector of revenue and then used to meet local budgets. Marion County collects about $30 million in property and personal taxes each year.
Taxes help fund essential services offered across the county, including:
MORE: How to deduct a car accident from your taxes
How to pay property taxes in Marion County
In Marion County, taxes are due by December 31 for all property that was owned on the assessment date (January 1). You can set up quarterly or monthly payments with the office of the collector of revenue.
Here are a few ways you can pay your property taxes in Marion County:
Online: You can pay your Marion County property taxes online
using a credit or debit card. There’s a $3.75 fee for debit card transactions and a 2.5% fee for credit cards. In person: There are two courthouse locations in Marion County. One is 906 Broadway in Hannibal, and the other is 100 S. Maine St., Suite 105 in Palmyra.
Through your mortgage: If you make property taxes through your monthly mortgage payment, your lender should pay them on your behalf when they’re due. Check with the county and your lender if you need to verify your payments.
To inquire about more ways to pay, call the Marion County collector of revenue’s office at 573-221-0727 in Hannibal or 573-769-3282 in Palmyra.
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