Rosendale, Missouri Property Taxes
The median property tax rate in Rosendale, MO is 1.23%, which is higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $66,330 in Rosendale, the typical annual property tax bill amounts to $759, surpassing the national median of $2,690. Property taxes in Rosendale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Rosendale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rosendale or another part of the city, having a grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rosendale, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Rosendale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosendale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosendale to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rosendale, Missouri
Property taxes in Rosendale, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosendale is 1.23%, significantly higher than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Rosendale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosendale estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Rosendale's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64483 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Rosendale provides valuable insights into the varying tax landscape across Andrew County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosendale Tax Rate
1.23%
Average Andrew County Tax Rate
1.22%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosendale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64483 | 0.78% | 1.05% | 1.23% | 1.24% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Rosendale, Missouri
In Rosendale, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Andrew County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Rosendale, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Rosendale is $66,330, with tax bills varying widely. For instance, the 25th percentile tax bill is $271, while the 75th percentile tax bill is $1,435, and the 90th percentile tax bill reaches $2,017. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Rosendale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rosendale Assessed Value
$66,330
Average Andrew County Assessed Value
$108,235
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosendale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64483 | $4,760 | $25,210 | $66,330 | $127,090 | $174,466 |
Source: Ownwell
Property Tax Bills Across Rosendale, Missouri
In Rosendale, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $66,330, the assessed value is determined by local assessment rates. Once the assessed value is established, the tax rate set by the county, in this case, Andrew County, is applied. Tax bills can vary significantly; at the 25th percentile, homeowners might pay around $271, while those in the 75th percentile could see bills as high as $1,435. The 90th percentile tax bill reaches up to $2,017. These property taxes fund essential services like schools, public safety, and infrastructure, directly impacting community quality. Compared to the national median property tax rate of 0.99%, Rosendale's property taxes provide a crucial revenue stream for local services, ensuring that the community remains well-supported and vibrant. Homeowners need to stay informed about their property tax assessments, as these can fluctuate with changes in market value and local tax rates.
Average Rosendale Tax Bill
$759
Average Andrew County Tax Bill
$1,278
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosendale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64483 | $56 | $271 | $759 | $1,435 | $2,017 |
Source: Ownwell