Wheeling, Linn County, Missouri Property Taxes
Median Wheeling, MO effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Wheeling, MO home value: $70,400
Median annual Wheeling, MO tax bill: $747, $1,653 lower than the national median property tax bill of $2,400.
How are property taxes in Linn County calculated?
Property taxes in Wheeling, 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 Wheeling’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wheeling, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wheeling, Linn County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$641
$594
Property Tax Rates Across Wheeling, Linn County, Missouri
Local government entities determine property tax rates, which can significantly differ within a state. This variation occurs because each county annually calculates its necessary budget to fund services and divides it by the total value of all taxable property within its area. This formula determines the property tax rate. Although votes and legal regulations play a role in establishing tax rates and budgets, this is the fundamental yearly procedure.
Wheeling in Linn County, Missouri, provides an interesting case study. The city's effective property tax rate stands at 0.91%, aligning with both the highest and lowest median tax rates in the state. When compared to the national median property tax rate of 1.02%, Wheeling's rate is slightly lower. This means that residents in Wheeling may enjoy a relatively lower property tax burden compared to the national average. Additionally, when comparing the median property tax bill, the national figure is $2,400, which offers further context to Wheeling’s property tax landscape.
Understanding these rates can help property owners in Wheeling make informed decisions and potentially benefit from appealing or seeking exemptions if their assessed values seem inaccurately high.
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 Wheeling Tax Rate
0.91%
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 Linn County Tax Rate
1.13%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wheeling, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64688 | 0.79% | 0.81% | 0.91% | 1.07% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Wheeling, Linn County, Missouri
When examining property taxes in Wheeling, 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 Linn County appraisal district 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 Linn County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Wheeling.
For example, the median home price in Wheeling is $70,400, with tax bills ranging significantly across the county. Zip code 64688 has the highest median home price at $70,400.
Property Tax Assessment Values Across Wheeling, Linn County, Missouri
Source: Ownwell
$9,900
$40,150
$70,400
Median Wheeling Market Value
$70,400
Median Linn County Market Value
$25,200
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wheeling, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64688 | $22,410 | $34,950 | $70,400 | $155,725 | $299,970 |
Source: Ownwell
Property Tax Bills Across Wheeling, Linn County, Missouri
In Wheeling, Linn County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $70,400, homeowners in Wheeling face a range of tax bills, from the 25th percentile at $403 to the 90th percentile at $2,824. Compared to the national median property tax bill of $2,400, Wheeling's tax bills can be notably lower, offering some relief to local homeowners.
Factors influencing property tax bills include changes in market value, local budget needs, and tax rate adjustments. For homeowners, these taxes can impact monthly budgets and long-term financial planning. Ownwell assists by providing expert property tax appeal services, helping to ensure that homeowners are not overpaying. By analyzing property assessments and identifying discrepancies, Ownwell can help reduce tax bills, providing significant savings and peace of mind to homeowners in Wheeling.
Median Wheeling Tax Bill
$747
Median Linn County Tax Bill
$264
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Wheeling, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64688 | $195 | $403 | $747 | $1,536 | $2,824 |
Source: Ownwell