Archie, Missouri Property Taxes
The median property tax rate in Archie, MO is 0.96%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Archie at $156,200, the typical annual property tax bill amounts to $1,309, which is well below the national median of $2,690. Property taxes in Archie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Archie'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 Archie or another part of Bates County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Archie, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,500
Ownwell’s Archie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Archie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Archie 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 Archie, Missouri
Property taxes in Archie, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Archie is 0.96%, just below the U.S. national median of 0.99%. Local government entities within Archie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Archie 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 Archie's effective property tax rate to other areas in Missouri and the national median. For comparison, the 64725 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Archie provides valuable insights into the varying tax landscape across Bates County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Archie Tax Rate
0.96%
Average Bates County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Archie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64725 | 0.83% | 0.94% | 0.96% | 1.00% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Archie, Missouri
In Archie, 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 Bates 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. Assessment notices in Archie 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 Archie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Archie are both $1309 in the zip code 64725.
Average Archie Assessed Value
$156,200
Average Bates County Assessed Value
$68,300
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Archie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64725 | $69,900 | $123,950 | $156,200 | $181,000 | $186,120 |
Source: Ownwell
Property Tax Bills Across Archie, Missouri
In Archie, located in Bates County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $156,200, the assessed value forms the basis for the tax calculation. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and local government budgets. In Archie, the tax bills can vary significantly, with the 25th percentile at $1,172 and the 75th percentile at $1,675. The highest median tax bill in the area is $1,309, which is relatively moderate compared to the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as property taxes can impact overall housing affordability. Accurate assessments and awareness of exemptions can help manage these costs effectively.
Average Archie Tax Bill
$1,309
Average Bates County Tax Bill
$704
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Archie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64725 | $661 | $1,172 | $1,309 | $1,675 | $1,719 |
Source: Ownwell