Fulton, Callaway County, Missouri Property Taxes
Median Fulton, MO effective property tax rate: 1.19%, slightly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Fulton, MO home value: $109,980
Median annual Fulton, MO tax bill: $1,246, $1,154 lower than the national median property tax bill of $2,400.
How are property taxes in Callaway calculated?
Property taxes in Fulton, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Fulton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fulton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fulton, Callaway County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$1,309
$1,214
Property Tax Rates Across Fulton, Callaway County, Missouri
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fulton Tax Rate
1.19%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Callaway County Tax Rate
1.19%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fulton, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65251 | 0.81% | 1.16% | 1.19% | 1.21% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Fulton, Callaway County, Missouri
When examining property taxes in Fulton, Missouri, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Callaway County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Callaway County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fulton. For example, the median home price in Fulton is $109,980, with tax bills ranging significantly across the county. Zip code 65251 has the highest median home price at $109,980.
Property Tax Assessment Values Across Fulton, Callaway County, Missouri
Source: Ownwell
$41,010
$92,250
$143,490
Median Fulton Market Value
$109,980
Median Callaway County Market Value
$118,130
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fulton, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65251 | $37,080 | $68,095 | $109,980 | $155,175 | $209,630 |
Source: Ownwell
Property Tax Bills Across Fulton, Callaway County, Missouri
In Fulton, located in Callaway County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Fulton is $109,980. While the national median property tax rate sits at 1.02%, homeowners in Fulton experience a median property tax bill of $1,246, which is notably lower than the national median of $2,400. Factors that influence these tax bills include the property's assessed value and the local tax rate set by government authorities. For homeowners, these property taxes are a significant financial consideration, impacting annual budgets and long-term financial planning.
Ownwell offers a valuable service to homeowners in Fulton by providing property tax appeal and exemption services. By leveraging their expertise, Ownwell can help identify inaccuracies in property assessments and guide homeowners through the appeal process. This can lead to significant reductions in property tax bills, easing the financial burden and ensuring that homeowners pay only their fair share.
Median Fulton Tax Bill
$1,246
Median Callaway County Tax Bill
$1,342
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Fulton, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65251 | $426 | $781 | $1,246 | $1,764 | $2,373 |
Source: Ownwell