Purdy, Missouri Property Taxes
The median property tax rate in Purdy, 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 $69,300 in Purdy, the typical annual property tax bill is around $574, significantly below the national median of $2,690. Property taxes in Purdy are based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Purdy's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Purdy or another part of Barry County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Purdy, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$582
Ownwell’s Purdy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Purdy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Purdy 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 Purdy, Missouri
Property taxes in Purdy, Missouri, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Purdy is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Purdy set these rates annually, and they can vary across different neighborhoods. Each year, Purdy 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. Understanding how Purdy's effective property tax rate compares with other areas in Barry County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Purdy 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 Purdy, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65734 | 0.67% | 0.78% | 0.84% | 0.90% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Purdy, Missouri
In Purdy, 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 Appraisal District 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. 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 Purdy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Purdy is 65734, with a median tax bill of $574.
Average Purdy Assessed Value
$69,300
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 Purdy, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65734 | $28,700 | $45,325 | $69,300 | $114,100 | $210,160 |
Source: Ownwell
Property Tax Bills Across Purdy, Missouri
In Purdy, Barry County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For homeowners in Purdy, the median home price stands at $69,300. The property tax rate in this area is influenced by various factors including local government budgets, school district funding, and public services. Homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile of tax bills is around $375, while those in the 75th percentile pay about $929. At the 90th percentile, tax bills can reach up to $1,585. These variations highlight how different factors such as property size, location, and improvements can impact the final tax bill. Comparatively, the highest and lowest median tax bills in the region are both $574, indicating a relatively stable tax environment within the same zip code (65734). Understanding these elements helps homeowners in Purdy anticipate their property tax liabilities and plan their finances accordingly.
Average Purdy Tax Bill
$574
Average Barry County Tax Bill
$696
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Purdy, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65734 | $232 | $375 | $574 | $929 | $1,585 |
Source: Ownwell