Glasgow, Chariton County, Missouri Property Taxes
Median Glasgow, MO effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Glasgow, MO home value: $83,160
Median annual Glasgow, MO tax bill: $976, $1,424 lower than the national median property tax bill of $2,400.
How are property taxes in Chariton calculated?
Property taxes in Glasgow, 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 Glasgow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Glasgow, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Glasgow, Chariton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.16%
Estimate Property Tax Bill
$965
$895
Property Tax Rates Across Glasgow, Chariton 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 Glasgow Tax Rate
1.16%
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 Chariton County Tax Rate
1.11%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Glasgow, Chariton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65254 | 0.98% | 1.04% | 1.16% | 1.22% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Glasgow, Chariton County, Missouri
When examining property taxes in Glasgow, 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 Chariton 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 Chariton 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 Glasgow.
For example, the median home price in Glasgow is $83,160, with tax bills ranging significantly across the county. Zip code 65254 has the highest median home price at $83,160.
Property Tax Assessment Values Across Glasgow, Chariton County, Missouri
Source: Ownwell
$57,895
$90,888
$123,880
Median Glasgow Market Value
$83,160
Median Chariton County Market Value
$35,335
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Glasgow, Chariton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65254 | $32,150 | $48,000 | $83,160 | $143,380 | $255,580 |
Source: Ownwell
Property Tax Bills Across Glasgow, Chariton County, Missouri
In Glasgow, located in Chariton County, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of the property's market value. The median home price in this area is $83,160. Tax rates are applied to this assessed value, resulting in a median property tax bill around $976, notably lower than the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, impacting the overall tax bill. Homeowners in Glasgow may find their tax bills varying widely, with the 25th percentile tax bill at $476 and the 75th percentile reaching $1,619.
Ownwell offers valuable assistance to homeowners in Glasgow by reviewing property assessments and identifying potential savings through appeals and exemptions. By leveraging expert knowledge, Ownwell can help ensure that homeowners are not overpaying on their property taxes, potentially reducing their financial burden and providing peace of mind. This service is particularly beneficial in areas where property tax assessments may not accurately reflect current market conditions.
Median Glasgow Tax Bill
$976
Median Chariton County Tax Bill
$361
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Glasgow, Chariton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65254 | $236 | $476 | $976 | $1,619 | $2,984 |
Source: Ownwell