Union Star, Missouri Property Taxes
The median property tax rate in Union Star, MO is 1.22%, slightly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Union Star, the typical annual property tax bill reaches $1,443, which is below the national median of $2,690. Property taxes in Union Star are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Union Star'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 Union Star or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Union Star, 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 Union Star Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union Star with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union Star 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 Union Star, Missouri
Property taxes in Union Star, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Star is 1.22%, which is higher than the U.S. national median of 0.99%. Local government entities within Union Star set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Star 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 Union Star's effective property tax rate to other areas in Andrew County and the national median. For comparison, the zip code 64494 has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these figures compare with Union Star 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 Union Star Tax Rate
1.22%
Average Andrew County Tax Rate
1.22%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Star, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64494 | 0.86% | 1.07% | 1.22% | 1.33% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Union Star, Missouri
In Union Star, 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's Office 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 Union Star, 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. 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 Union Star helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Union Star is $1443.00 in zip code 64494, which is significantly above the national median property tax rate of 0.99%.
Average Union Star Assessed Value
$111,190
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 Union Star, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64494 | $37,070 | $68,490 | $111,190 | $175,660 | $248,660 |
Source: Ownwell
Property Tax Bills Across Union Star, Missouri
In Union Star, located in Andrew County, MO, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the property's market value, which is determined by local assessors. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the final tax bill, including property location, improvements, and exemptions. For example, the median home price in Union Star is $111,190. Property tax bills in the area can vary significantly, with the 25th percentile at $687 and the 75th percentile reaching $2,138. Homeowners in the 90th percentile face tax bills as high as $2,851. Comparatively, the national median property tax rate is 0.99%, making Union Star's rates competitive. However, these taxes can have a substantial impact on homeowners, influencing their overall cost of living and financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Union Star Tax Bill
$1,443
Average Andrew County Tax Bill
$1,278
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Star, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64494 | $396 | $687 | $1,443 | $2,138 | $2,851 |
Source: Ownwell