Rockville, Missouri Property Taxes
The median property tax rate in Rockville, MO is 0.97%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With a median home value of $42,100 in Rockville, the typical annual property tax bill comes to $420, well below the national median of $2,690. Property taxes in Rockville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Rockville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Rockville or another part of the city, gaining a thorough understanding of the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Rockville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$408
Ownwell’s Rockville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockville 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 Rockville, Missouri
Property taxes in Rockville, Missouri, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockville is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Rockville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockville 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 Rockville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64780 zip code has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these areas compare with Rockville 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 Rockville Tax Rate
0.97%
Average Bates County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64780 | 0.74% | 0.85% | 0.97% | 1.12% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Rockville, Missouri
In Rockville, 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 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 Rockville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rockville, both at $420, are found in the 64780 zip code.
Average Rockville Assessed Value
$42,100
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 Rockville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64780 | $12,420 | $20,050 | $42,100 | $115,050 | $207,120 |
Source: Ownwell
Property Tax Bills Across Rockville, Missouri
In Rockville, Bates County, MO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Rockville is $42,100. To determine the tax bill, the assessed value is multiplied by the local tax rate. This rate is set by local taxing authorities and can vary depending on the specific needs and budget of the community. Several factors influence the assessed value, including the home's size, age, location, and condition. Homeowners in Rockville can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $206, while the 75th percentile tax bill is $1008. At the 90th percentile, tax bills can reach up to $1717. These property taxes fund essential local services such as schools, roads, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Rockville's rates can be considered modest, helping to make homeownership more affordable for its residents.
Average Rockville Tax Bill
$420
Average Bates County Tax Bill
$704
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64780 | $115 | $206 | $420 | $1,008 | $1,717 |
Source: Ownwell