Senath, Missouri Property Taxes
The median property tax rate in Senath, MO is 0.78%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Senath at $32,620, the typical annual property tax bill is $259, significantly below the national median of $2,690. Property taxes in Senath are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Senath'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 Senath or another part of Dunklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Senath, 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 Senath Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Senath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Senath to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at the neighborhood level, more localized information is available as you scroll down. Your property's assessed value is the value assigned by Dunklin County for property tax calculations, taking into account any exemptions that may apply.
Property Tax Rates Across Senath, Missouri
Property taxes in Senath, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Senath is 0.78%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Senath set these rates annually, and they can vary significantly across different neighborhoods. Each year, Senath 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 Senath's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63876 has both the highest and lowest median property tax rate of 0.78%. Understanding how these areas compare with Senath provides valuable insights into the varying tax landscape across Dunklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Senath Tax Rate
0.78%
Average Dunklin County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Senath, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63876 | 0.76% | 0.77% | 0.78% | 0.83% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Senath, Missouri
In SENATH, 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 Dunklin 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 SENATH, 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 SENATH is $32,620, with tax bills ranging significantly. The 25th percentile tax bill is $112, while the 75th percentile tax bill is $441. The highest and lowest median tax bill is $259, found in zip code 63876. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Senath Assessed Value
$32,620
Average Dunklin County Assessed Value
$33,875
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Senath, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63876 | $3,540 | $11,820 | $32,620 | $56,952 | $87,651 |
Source: Ownwell
Property Tax Bills Across Senath, Missouri
In Senath, Dunklin County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Senath is $32,620. Tax authorities use this assessed value to determine the tax bill by applying the local tax rate. For example, homeowners in the 25th percentile pay around $112, while those in the 75th percentile pay approximately $441. The highest tax bills in Senath can reach up to $677, placing them in the 90th percentile. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. These tax bills significantly impact homeowners by contributing to the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Senath's tax rates are relatively modest, making it an affordable location for property owners. Understanding these factors can help homeowners better manage their financial planning and obligations.
Average Senath Tax Bill
$259
Average Dunklin County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Senath, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63876 | $34 | $112 | $259 | $441 | $677 |
Source: Ownwell