Pleasant Valley, Missouri Property Taxes
The median property tax rate in Pleasant Valley, MO is 1.21%, slightly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Pleasant Valley at $173,000, the typical annual property tax bill reaches $2,079, which is below the national median of $2,690. Property taxes in Pleasant Valley 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 Pleasant Valley'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 Pleasant Valley 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
Pleasant Valley, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,093
Ownwell’s Pleasant Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Valley 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 Pleasant Valley, Missouri
Property taxes in Pleasant Valley, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant Valley is 0.85%, lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Pleasant Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Valley 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 Pleasant Valley's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64118 zip code has the highest median property tax rate of 1.32%, while the 64119 zip code has the lowest median tax rate of 0.76%. Understanding how these areas compare with Pleasant Valley provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Valley Tax Rate
1.21%
Average Clay County Tax Rate
1.34%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant Valley, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64068 | 1.12% | 1.19% | 1.21% | 1.23% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Valley, Missouri
In Pleasant Valley, 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 local 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 Pleasant Valley, 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 Pleasant Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Pleasant Valley is $2,079 in the 64068 zip code, while the lowest is also $2,079 in the same zip code.
Property Tax Assessment Values Across Pleasant Valley, Missouri
Source: Ownwell
$50,000
$206,579
$363,158
Average Pleasant Valley Assessed Value
$173,000
Average Clay County Assessed Value
$203,105
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pleasant Valley, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64068 | $105,295 | $136,895 | $173,000 | $205,105 | $235,432 |
Source: Ownwell
Property Tax Bills Across Pleasant Valley, Missouri
In Pleasant Valley, located in Clay County, MO, property tax bills are calculated based on the assessed value of your home. The assessed value is a percentage of the property's market value, which is determined by the local assessor. For homeowners in Pleasant Valley, the median home price stands at $173,000. The property tax rate in this region is then applied to the assessed value to determine the annual tax bill. Several factors influence the property tax bill, including changes in the market value of homes, local government budgets, and voter-approved levies for community services such as schools and public safety. For instance, property tax bills in Pleasant Valley can range significantly, with the 25th percentile at $1,612 and the 75th percentile at $2,472. The 90th percentile tax bill can reach up to $2,852. These property taxes are crucial for funding local services but can also impact homeowners by affecting their overall housing costs. Compared to the national median property tax rate of 0.99%, Pleasant Valley's rates reflect the specific needs and budgetary requirements of the local community.
Average Pleasant Valley Tax Bill
$2,079
Average Clay County Tax Bill
$2,651
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Valley, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64068 | $1,236 | $1,612 | $2,079 | $2,472 | $2,852 |
Source: Ownwell