Dadeville, Missouri Property Taxes
The median property tax rate in Dadeville, MO is 1.10%, slightly above the national median of 0.99% but lower than the state median of 1.20%. With the median home value in Dadeville at $56,330, the typical annual property tax bill is $623, which is significantly less than the national median of $2,690. Property taxes in Dadeville are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Dadeville'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 Dadeville 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
Dadeville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$620
Ownwell’s Dadeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dadeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dadeville 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 Dadeville, Missouri
Property taxes in Dadeville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dadeville is 1.10%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Dadeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dadeville 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 Dadeville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65635 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Dadeville provides valuable insights into the varying tax landscape across Dade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dadeville Tax Rate
1.10%
Average Dade County Tax Rate
1.05%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dadeville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65635 | 0.90% | 1.01% | 1.10% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Dadeville, Missouri
In Dadeville, 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 Dadeville, 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 Dadeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Dadeville, the zip code 65635 has both the highest and lowest median tax bill of $623. This is relatively lower compared to the national median property tax rate of 0.99%.
Average Dadeville Assessed Value
$56,330
Average Dade County Assessed Value
$50,295
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dadeville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65635 | $4,130 | $24,810 | $56,330 | $100,860 | $164,046 |
Source: Ownwell
Property Tax Bills Across Dadeville, Missouri
In Dadeville, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Various factors, including property size, location, and improvements, influence the assessed value. For homeowners in Dadeville, the median home price is $56,330. Property tax bills can vary significantly, with the 25th percentile tax bill at $262 and the 75th percentile reaching $1,073. The 90th percentile tax bill can go up to $1,658. Comparatively, Dade County's highest and lowest median tax bills are both $623, which is below the national median property tax rate of 0.99%. These figures highlight the relatively low property tax burden in Dadeville, making it an attractive location for homeowners seeking affordability.
Average Dadeville Tax Bill
$623
Average Dade County Tax Bill
$544
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Dadeville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65635 | $47 | $262 | $623 | $1,073 | $1,658 |
Source: Ownwell