Oronogo, Missouri Property Taxes
The median property tax rate in Oronogo, MO is 1.05%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $41,346 in Oronogo, the typical annual property tax bill is $389, which is significantly below the national median of $2,690. Property taxes in Oronogo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Oronogo'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 Oronogo 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
Oronogo, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$434
Ownwell’s Oronogo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oronogo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oronogo 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 Oronogo, Missouri
Property taxes in Oronogo, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oronogo is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Oronogo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oronogo 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 Oronogo's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64855 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Oronogo 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 Oronogo Tax Rate
1.05%
Average Barton County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oronogo, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64855 | 0.86% | 0.96% | 1.05% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Oronogo, Missouri
In Oronogo, 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 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 Oronogo, 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 Oronogo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $389 in the 64855 zip code, providing a clear picture of property tax expectations in the area.
Average Oronogo Assessed Value
$41,346
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 Oronogo, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64855 | $3,505 | $17,086 | $41,346 | $105,535 | $161,284 |
Source: Ownwell
Property Tax Bills Across Oronogo, Missouri
In Oronogo, located in Barton County, MO, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For instance, if the median home price is $41,346, the assessed value is a fraction of that amount. The local tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location within specific tax districts, any applicable exemptions, and the overall budgetary needs of local government services such as schools and public safety. Homeowners in Oronogo can expect their tax bills to vary significantly, with the 25th percentile at $160 and the 75th percentile at $1,025. The highest median tax bill in the area is $389, which is notably lower than the national median property tax rate of 0.99%. This relatively low property tax burden can make homeownership more affordable, impacting household budgets and long-term financial planning.
Average Oronogo Tax Bill
$389
Average Barton County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Oronogo, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64855 | $40 | $160 | $389 | $1,025 | $1,764 |
Source: Ownwell