Pattonsburg, Missouri Property Taxes
The median property tax rate in Pattonsburg, MO is 1.04%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With the median home value in Pattonsburg at $79,775, the typical annual property tax bill amounts to $813, which is significantly below the national median of $2,690. Property taxes in Pattonsburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Pattonsburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pattonsburg or another part of DeKalb County, gaining a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pattonsburg, 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 Pattonsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pattonsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pattonsburg 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 Pattonsburg, Missouri
Property taxes in Pattonsburg, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pattonsburg is 1.04%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Pattonsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pattonsburg 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 Pattonsburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64670 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Pattonsburg provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pattonsburg Tax Rate
1.04%
Average Dekalb County Tax Rate
1.02%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pattonsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64670 | 0.82% | 0.95% | 1.04% | 1.10% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Pattonsburg, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pattonsburg, Missouri. 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 DeKalb 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. In Pattonsburg, 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 Pattonsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64670 has the highest and lowest median tax bill at $813.
Average Pattonsburg Assessed Value
$79,775
Average Dekalb County Assessed Value
$90,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pattonsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64670 | $24,695 | $51,805 | $79,775 | $144,795 | $255,242 |
Source: Ownwell
Property Tax Bills Across Pattonsburg, Missouri
In Pattonsburg, located in DeKalb County, MO, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The assessed value is determined by the local tax assessor's office and is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $79,775, homeowners in Pattonsburg can expect varying tax bills. The 25th percentile tax bill is approximately $541, while the 75th percentile reaches around $1,536, and the 90th percentile can go up to $2,413. This variability in tax bills is influenced by several factors, including property location, size, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Pattonsburg's tax rates can significantly impact homeowners' finances. Understanding these factors and how they contribute to your property tax bill can help you better manage your annual expenses and make informed decisions about your property investments.
Average Pattonsburg Tax Bill
$813
Average Dekalb County Tax Bill
$916
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pattonsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64670 | $164 | $541 | $813 | $1,536 | $2,413 |
Source: Ownwell