Ashland, Missouri Property Taxes
The median property tax rate in Ashland, MO is 1.34%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Ashland at $160,850, the typical annual property tax bill reaches $2,268, which is below the national median of $2,690. Property taxes in Ashland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ashland'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 Ashland 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
Ashland, 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 Ashland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashland 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 Ashland, Missouri
Property taxes in Ashland, Missouri, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashland is 1.34%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Ashland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashland 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 Ashland's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65010 zip code has both the highest and lowest median property tax rate of 1.34%. Understanding how these cities compare with Ashland provides valuable insights into the varying tax landscape across Boone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashland Tax Rate
1.34%
Average Boone County Tax Rate
1.27%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65010 | 1.28% | 1.31% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Ashland, Missouri
In Ashland, 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 Boone 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 Ashland, 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. The median home price in Ashland is $160,850, with tax bills ranging from $1,642 at the 25th percentile to $3,901 at the 90th percentile. The highest and lowest median tax bills are both $2,268, found in zip code 65010. 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 Ashland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ashland Assessed Value
$160,850
Average Boone County Assessed Value
$153,300
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65010 | $36,455 | $105,800 | $160,850 | $221,075 | $291,195 |
Source: Ownwell
Property Tax Bills Across Ashland, Missouri
In Ashland, located in Boone County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is determined by the local assessor's office, which evaluates various factors such as the home's size, age, location, and condition. With a median home price of $160,850, the property tax rate in this area significantly influences the final tax bill. For example, homeowners in Ashland can expect their tax bills to vary widely. At the 25th percentile, the tax bill is around $1,642, while at the 75th percentile, it rises to $3,022. For those at the 90th percentile, the tax bill can reach up to $3,901. These variations reflect differences in property values and the specific characteristics of each home. Compared to the national median property tax rate of 0.99%, Ashland's tax bills highlight the regional differences that can impact homeowners financially. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan accordingly.
Average Ashland Tax Bill
$2,268
Average Boone County Tax Bill
$2,051
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65010 | $1,006 | $1,642 | $2,268 | $3,022 | $3,901 |
Source: Ownwell