Viburnum, Missouri Property Taxes
The median property tax rate in Viburnum, MO is 0.87%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Viburnum at $52,350, the typical annual property tax bill amounts to $456, significantly less than the national median of $2,690. Property taxes in Viburnum 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 Viburnum'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 Viburnum 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
Viburnum, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$455
Ownwell’s Viburnum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Viburnum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Viburnum 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 Viburnum, Missouri
Property taxes in Viburnum, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Viburnum is 0.87%, which is below the U.S. national median of 0.99%. Local government entities within Viburnum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Viburnum 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 Viburnum's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65566 zip code has the highest median property tax rate of 0.87%, while the 65566 zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Viburnum provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Viburnum Tax Rate
0.87%
Average Crawford County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Viburnum, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65566 | 0.81% | 0.86% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Viburnum, Missouri
In Viburnum, 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 Crawford 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 Viburnum, 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 Viburnum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65566 has the highest and lowest median tax bill at $456.
Average Viburnum Assessed Value
$52,350
Average Crawford County Assessed Value
$81,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Viburnum, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65566 | $15,960 | $24,450 | $52,350 | $96,125 | $139,630 |
Source: Ownwell
Property Tax Bills Across Viburnum, Missouri
In Viburnum, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value typically represents a percentage of the market value of the property. For instance, with a median home price of $52,350, the tax bill can vary significantly. Homeowners at the 25th percentile pay around $213, while those at the 75th percentile pay about $823. At the 90th percentile, the tax bill can reach up to $1,167. These tax bills are influenced by several factors, including changes in property values and local government budgets. Compared to the national median property tax rate of 0.99%, Viburnum's rates can result in varying financial impacts on homeowners. This variability underscores the importance of understanding how local assessments and tax rates affect overall property tax obligations. For those living in the 65566 zip code, the median tax bill is $456, highlighting the range of property tax responsibilities within the area.
Average Viburnum Tax Bill
$456
Average Crawford County Tax Bill
$745
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Viburnum, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65566 | $122 | $213 | $456 | $823 | $1,167 |
Source: Ownwell