Marshall, Saline County, Missouri Property Taxes

Name: Property Tax Bills Across Marshall, Saline County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Marshall, MO effective property tax rate: 1.17%, slightly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Marshall, MO home value: $90,941
Median annual Marshall, MO tax bill: $1,087, $1,313 lower than the national median property tax bill of $2,400.

How are property taxes in Saline County calculated?

Property taxes in Marshall, 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 Marshall’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marshall, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Marshall, Saline County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$1,064

$987

Ownwell’s Marshall Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marshall with just two data points.

By entering your property's estimated assessed value, our calculator applies Marshall’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Saline County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Marshall, Saline County, Missouri

Local government entities determine property tax rates, which can significantly differ within a state. Each year, counties calculate their budgetary needs to deliver public services and divide this amount by the total assessed value of all taxable properties in their area. This calculation yields the property tax rate. Though the process involves votes and legal regulations, this is the fundamental approach to determining annual property tax rates.

In Marshall, located in Saline County, Missouri, the effective property tax rate stands at 1.17%. This is higher than the national median property tax rate of 1.02%. When comparing this rate to other cities within Missouri, Marshall's rate is consistent with the highest and lowest median rates in the state, both recorded at 1.17%. This consistency suggests a uniformity in property tax rates across different zip codes in the area. Understanding these rates is crucial for property owners, as they directly influence the annual property tax bill. With the national median property tax bill at $2,400, Marshall's property owners may experience a higher financial obligation due to the elevated tax rate.

Property Tax Rates Across Marshall, Saline County, Missouri

Source: Ownwell

1.09%

1.31%

1.53%

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 Marshall Tax Rate

1.17%

Median Effective Saline County Tax Rate

1.17%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Marshall, Saline County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65340	1.02%	1.17%	1.17%	1.17%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Marshall, Saline County, Missouri

When examining property taxes in Marshall, 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 Saline 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 Saline 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 Marshall.

For example, the median home price in Marshall is $90,941, with tax bills ranging significantly across the county. Zip code 65340 has the highest median home price at $90,941.

Property Tax Assessment Values Across Marshall, Saline County, Missouri

Source: Ownwell

$43,818

$79,496

$115,174

Median Marshall Market Value

$90,941

Median Saline County Market Value

$78,621

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Marshall, Saline County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65340	$26,632	$52,464	$90,941	$146,366	$205,309

Source: Ownwell

Property Tax Bills Across Marshall, Saline County, Missouri

In Marshall, located in Saline County, Missouri, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as the local government budget and public service funding needs influence this rate. Homeowners in Marshall can expect a median property tax bill of $1,087, which is below the national median of $2,400. While this may seem manageable, it can still be a significant expense for some homeowners, especially when considering the 90th percentile tax bill reaches $2,376, close to the national median. Ownwell assists homeowners by identifying potential savings through property tax appeals, ensuring they are not overpaying. By advocating on behalf of homeowners, Ownwell can help reduce their property tax bills, providing financial relief and peace of mind. This service is particularly beneficial for those facing higher tax bills within the region.

Property Tax Bills Across Marshall, Saline County, Missouri

Source: Ownwell

$545

$990

$1,435

Median Marshall Tax Bill

$1,087

Median Saline County Tax Bill

$974

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Marshall, Saline County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65340	$439	$676	$1,087	$1,706	$2,376

Source: Ownwell