Cassville, Missouri Property Taxes
The median property tax rate in Cassville, MO is 0.84%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $79,050, the typical annual property tax bill in Cassville is $673, considerably less than the national median of $2,690. Property taxes in Cassville 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 Cassville'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 Cassville or another part of Barry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cassville, 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 Cassville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cassville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cassville 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 Cassville, Missouri
Property taxes in Cassville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cassville is 0.84%, lower than the U.S. national median of 0.99%. Local government entities within Cassville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cassville 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 Cassville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65625 zip code has both the highest and lowest median property tax rates at 0.84%. Understanding how these cities compare with Cassville provides valuable insights into the varying tax landscape across Barry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cassville Tax Rate
0.84%
Average Barry County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cassville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65625 | 0.76% | 0.82% | 0.84% | 0.86% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Cassville, Missouri
In Cassville, 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 Barry 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 Cassville, 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 Cassville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $673 in the 65625 zip code, which also has the lowest median tax bill of $673.
Average Cassville Assessed Value
$79,050
Average Barry County Assessed Value
$82,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cassville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65625 | $31,290 | $49,875 | $79,050 | $125,100 | $194,900 |
Source: Ownwell
Property Tax Bills Across Cassville, Missouri
In Cassville, located in Barry County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. For instance, with a median home price of $79,050, the tax rate is applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including the market value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in Cassville experience a range of property tax bills. For example, the 25th percentile tax bill is $418, while the 75th percentile reaches $1,056, and the 90th percentile can go up to $1,639. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners better manage their finances and anticipate future tax obligations.
Average Cassville Tax Bill
$673
Average Barry County Tax Bill
$696
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cassville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65625 | $257 | $418 | $673 | $1,056 | $1,639 |
Source: Ownwell