Asbury, Missouri Property Taxes
The median property tax rate in Asbury, MO is 1.04%, slightly above the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value in Asbury of $109,083, the typical annual property tax bill amounts to $1,116, which is below the national median of $2,690. Property taxes in Asbury are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Asbury'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 Asbury or another part of Barton County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Asbury, 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 Asbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Asbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Asbury 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 Asbury, Missouri
Property taxes in Asbury, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Asbury is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Asbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Asbury 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 Asbury's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64832 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Asbury provides valuable insights into the varying tax landscape across Barton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Asbury Tax Rate
1.04%
Average Barton County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Asbury, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64832 | 0.77% | 0.95% | 1.04% | 1.06% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Asbury, Missouri
In Asbury, 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 Barton 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. In Asbury, 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 Asbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Asbury is $109,083. The highest median tax bill is $1,116 in the 64832 zip code, while the lowest median tax bill is also $1,116 in the same zip code.
Average Asbury Assessed Value
$109,083
Average Barton County Assessed Value
$57,829
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Asbury, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64832 | $34,938 | $51,550 | $109,083 | $165,134 | $245,626 |
Source: Ownwell
Property Tax Bills Across Asbury, Missouri
In Asbury, located in Barton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Asbury is $109,083. The local property tax rate is applied to this assessed value to determine the tax bill. Several factors are considered in this process, including the property's location, size, and condition, as well as any applicable exemptions or deductions. Homeowners in Asbury can expect their annual property tax bills to vary significantly. For instance, the 25th percentile of tax bills is approximately $455, while the 75th percentile reaches around $1,735. Those at the 90th percentile may see bills as high as $2,564. It's noteworthy that the highest and lowest median tax bills in the area are both $1,116, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Asbury's rates can affect homeowners differently, depending on their property's assessed value and specific circumstances. This variability underscores the importance of understanding local tax calculations for effective financial planning.
Average Asbury Tax Bill
$1,116
Average Barton County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Asbury, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64832 | $313 | $455 | $1,116 | $1,735 | $2,564 |
Source: Ownwell