Rush Hill, Missouri Property Taxes
The median property tax rate in Rush Hill, MO is 1.37%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Rush Hill, the typical annual property tax bill reaches $347, which is significantly lower than the national median of $2,690. Property taxes in Rush Hill 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 Rush Hill'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 Rush Hill 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
Rush Hill, 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 Rush Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rush Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rush Hill 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 Rush Hill, Missouri
Property taxes in Rush Hill, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rush Hill is 1.37%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Rush Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rush Hill 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 Rush Hill's effective property tax rate to other areas in Missouri and the national median. For comparison, the area with the highest median property tax rate in Audrain County is also Rush Hill, with a rate of 1.37%, while the area with the lowest median tax rate is, again, Rush Hill, at 1.37%. Understanding how these rates compare with Rush Hill provides valuable insights into the varying tax landscape across Audrain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rush Hill Tax Rate
1.37%
Average Audrain County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rush Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65280 | 0.82% | 1.04% | 1.37% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Rush Hill, Missouri
In Rush Hill, 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 Audrain 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 Rush Hill, 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. For instance, the median home price in Rush Hill is $25,240, with tax bills ranging from $214 at the 25th percentile to $1,029 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rush Hill Assessed Value
$25,240
Average Audrain County Assessed Value
$51,626
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rush Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65280 | $12,418 | $16,315 | $25,240 | $59,970 | $74,816 |
Source: Ownwell
Property Tax Bills Across Rush Hill, Missouri
In Rush Hill, located in Audrain County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county uses an assessment ratio to determine the assessed value, and then applies the local tax rate to this assessed value to calculate the annual property tax bill. For example, with a median home price of $25,240, homeowners can expect to pay a range of property taxes. The 25th percentile tax bill is $214, while the 75th percentile reaches $542, and the 90th percentile can go up to $1,029. The highest and lowest median tax bills in the area are both $347, indicating a relatively consistent tax rate within the zip code 65280. These property taxes significantly impact homeowners, as they must budget for this recurring expense. Compared to the national median property tax rate of 0.99%, the property tax rates in Rush Hill may offer some financial relief, making it an attractive place for potential homeowners.
Average Rush Hill Tax Bill
$347
Average Audrain County Tax Bill
$587
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rush Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65280 | $139 | $214 | $347 | $542 | $1,029 |
Source: Ownwell