Chillicothe, Daviess County, Missouri Property Taxes
Median Chillicothe, MO effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Chillicothe, MO home value: $28,340
Median annual Chillicothe, MO tax bill: $406, $1,994 lower than the national median property tax bill of $2,400.
How are property taxes in Daviess County calculated?
Property taxes in Chillicothe, 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 Chillicothe’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chillicothe, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chillicothe, Daviess County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.36%
Estimate Property Tax Bill
$385
$358
Property Tax Rates Across Chillicothe, Daviess County, Missouri
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county estimates its necessary budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Chillicothe, located in Daviess County, Missouri, the effective property tax rate may differ from other cities within the state. Missouri's median property tax rate is 1.34%, which is higher than the national median of 1.02%. This means that property owners in Chillicothe might face a higher tax rate compared to the national average. However, it's essential to consider that property tax bills also depend on property values, which can fluctuate based on location and market trends. Comparing Chillicothe's effective property tax rate with other cities in Missouri and the national median provides valuable insights for property owners looking to understand their tax obligations better.
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 Chillicothe Tax Rate
1.36%
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 Daviess County Tax Rate
1.27%
Median Effective Missouri Tax Rate
1.25%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chillicothe, Daviess County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64601 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Chillicothe, Daviess County, Missouri
When examining property taxes in Chillicothe, MO, 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 Daviess 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 Daviess 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 Chillicothe. For example, the median home price in Chillicothe is $28,340, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Chillicothe, Daviess County, Missouri
Source: Ownwell
$25,300
$58,045
$90,790
Median Chillicothe Market Value
$28,340
Median Daviess County Market Value
$63,820
Median Missouri Market Value
$136,526
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chillicothe, Daviess County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64601 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Chillicothe, Daviess County, Missouri
In Chillicothe, located in Daviess County, Missouri, property tax bills are determined by the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the tax bill. With a median home price of $28,340, the tax bill can vary significantly. While the 25th percentile tax bill is around $285, the 75th percentile climbs to $915, and the 90th percentile reaches $4,386. These figures highlight the potential variability in tax obligations for homeowners.
Missouri's property tax rates can have a substantial impact on homeowners, especially when compared to the national median property tax rate of 1.02% and bill of $2,400. For homeowners in Chillicothe, ensuring their property is accurately assessed is crucial to avoid overpaying. This is where Ownwell's expertise comes in. By providing property tax appeal and exemption services, Ownwell helps homeowners navigate the complexities of property tax assessments, potentially saving them money and ensuring they only pay their fair share.
Median Chillicothe Tax Bill
$412
Median Daviess County Tax Bill
$806
Median Missouri Tax Bill
$1,684
Median United States Tax Bill
$2,400
Property Tax Bills Across Chillicothe, Daviess County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64601 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell