Rolla, Missouri Property Taxes
The median property tax rate in Rolla, MO is 0.64%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Rolla at $46,350, the typical annual property tax bill amounts to $359, which is well below the national median of $2,690. Property taxes in Rolla 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 Rolla'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 Rolla or another part of Dent County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Rolla, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$297
Ownwell’s Rolla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rolla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rolla 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 Rolla, Missouri
Property taxes in Rolla, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rolla is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Rolla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rolla 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 Rolla's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65401 has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Rolla provides valuable insights into the varying tax landscape across Phelps County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rolla Tax Rate
0.64%
Average Dent County Tax Rate
0.76%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rolla, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65401 | 0.55% | 0.60% | 0.64% | 0.67% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Rolla, Missouri
In Rolla, 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 Dent County Assessor's Office 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 Rolla, 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. The median home price in Rolla is $46,350, with tax bills ranging from $217 at the 25th percentile to $700 at the 90th percentile. The highest and lowest median tax bills are both $359 in the 65401 zip code. Being aware of these valuation processes in Rolla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rolla Assessed Value
$46,350
Average Dent County Assessed Value
$43,260
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rolla, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65401 | $4,943 | $24,015 | $46,350 | $75,510 | $111,738 |
Source: Ownwell
Property Tax Bills Across Rolla, Missouri
In Rolla, located in Dent County, MO, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the home's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $46,350, homeowners in Rolla can expect their tax bills to fall within a range, with the 25th percentile at approximately $217 and the 75th percentile at around $508. The 90th percentile tax bill can go up to $700, indicating variability based on property value and specific assessments. This calculation method ensures that homeowners contribute a fair share to local services like schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Rolla's property taxes reflect the local economic conditions and funding needs. Homeowners should be aware of these factors as they directly impact their annual financial obligations and the overall affordability of homeownership in the area.
Average Rolla Tax Bill
$359
Average Dent County Tax Bill
$374
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rolla, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65401 | $132 | $217 | $359 | $508 | $700 |
Source: Ownwell