Stewartsville, Missouri Property Taxes
The median property tax rate in Stewartsville, MO is 1.33%, significantly higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Stewartsville at $134,300, the typical annual property tax bill reaches $1,853, still below the national median of $2,690. Property taxes in Stewartsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Stewartsville'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 Stewartsville or another part of Buchanan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stewartsville, 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 StewartsVille Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in StewartsVille with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in StewartsVille 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 Stewartsville, Missouri
Property taxes in Stewartsville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stewartsville is 1.33%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Stewartsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stewartsville 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 Stewartsville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64490 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Stewartsville provides valuable insights into the varying tax landscape across Buchanan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stewartsville Tax Rate
1.33%
Average Buchanan County Tax Rate
1.25%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stewartsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64490 | 1.24% | 1.31% | 1.33% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Stewartsville, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stewartsbille, Missouri. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Buchanan 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. For example, the median home price in Stewartsbille is $134,300, with tax bills ranging from $952 at the 25th percentile to $3,457 at the 90th percentile. The zip code 64490 has the highest and lowest median tax bill, both at $1,853. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stewartsville Assessed Value
$134,300
Average Buchanan County Assessed Value
$72,855
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stewartsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64490 | $55,578 | $72,860 | $134,300 | $219,180 | $269,548 |
Source: Ownwell
Property Tax Bills Across Stewartsville, Missouri
In Stewartsviille, Buchanan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For homeowners in Stewartsviille, the median home price stands at $134,300. Tax bills can vary significantly, with the 25th percentile bill at $952 and the 75th percentile reaching $3009. At the 90th percentile, homeowners might see tax bills as high as $3457. These tax bills are influenced by several factors, including changes in property values, local government budgets, and voter-approved levies. The median property tax rate in Stewartsviille is relatively modest compared to the national median of 0.99%. However, even within Buchanan County, there can be significant variations, as evidenced by the highest and lowest median tax bills both being $1853 in the same zip code, 64490. This variability can affect homeowners differently, impacting their annual financial planning and long-term investment in their property.
Average Stewartsville Tax Bill
$1,853
Average Buchanan County Tax Bill
$904
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Stewartsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64490 | $733 | $952 | $1,853 | $3,009 | $3,457 |
Source: Ownwell