Ionia, Missouri Property Taxes
The median property tax rate in Ionia, MO is 1.13%, 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 $27,737 in Ionia, the typical annual property tax bill amounts to $317, which is significantly below the national median of $2,690. Property taxes in Ionia are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Ionia'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 Ionia or another part of Benton County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Ionia, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$313
Ownwell’s Ionia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ionia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ionia 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 Ionia, Missouri
Property taxes in Ionia, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ionia is 1.13%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Ionia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ionia 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 Ionia's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65335 zip code has the highest median property tax rate of 1.13%, while the 65335 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Ionia provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ionia Tax Rate
1.13%
Average Benton County Tax Rate
0.98%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ionia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65335 | 1.01% | 1.06% | 1.13% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Ionia, Missouri
In Ionia, 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 Benton 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 Ionia, 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 Ionia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $317 in the 65335 zip code, providing a clear example of the potential tax obligations for homeowners.
Average Ionia Assessed Value
$27,737
Average Benton County Assessed Value
$50,947
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ionia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65335 | $2,431 | $9,158 | $27,737 | $55,789 | $123,927 |
Source: Ownwell
Property Tax Bills Across Ionia, Missouri
In Ionia, located in Benton County, MO, property tax bills are calculated based on the assessed value of a home. The median home price in Ionia is $27,737, and the property tax rate is applied to this assessed value to determine the tax bill. Homeowners in this region experience varying tax bills, with the 25th percentile paying around $102 and the 75th percentile facing bills up to $640. At the higher end, the 90th percentile of homeowners may see tax bills as high as $1,239. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Benton County's tax bills reflect the local economic conditions and property values. For homeowners, these tax bills represent a significant annual expense that must be planned for, impacting overall household budgets and financial planning. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Ionia Tax Bill
$317
Average Benton County Tax Bill
$492
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ionia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65335 | $32 | $102 | $317 | $640 | $1,239 |
Source: Ownwell