Gasconade County Property Taxes
The median property tax rate in Gasconade County is 1.08%, which is slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $40,105 in Gasconade County, the typical annual property tax bill amounts to $439, significantly below the national median of $2,690. Property taxes in Gasconade County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Gasconade County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Hermann or another part of Gasconade County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gasconade County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$433
Ownwell’s Gasconade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gasconade with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Gasconade to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Gasconade County, Missouri
Property taxes in Gasconade County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Gasconade County is 1.08%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Gasconade County set these rates annually, and they can vary significantly between different areas within the county. Each year, Gasconade County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Gasconade has one of the higher property tax rates in Missouri at 1.62%, while the city of Bourbon boasts one of the lowest at 0.64%. Analyzing how Gasconade County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Gasconade County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gasconade County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berger | 0.79% | 0.86% | 0.97% | 1.08% | 1.14% |
| Bland | 0.69% | 0.83% | 0.91% | 1.13% | 1.13% |
| Bourbon | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
| Cuba | 0.77% | 0.81% | 0.89% | 0.95% | 1.03% |
| Gasconade | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% |
| Hermann | 1.00% | 1.18% | 1.19% | 1.26% | 1.79% |
| Morrison | 0.87% | 0.94% | 1.18% | 1.62% | 1.63% |
| Mount Sterling | 0.92% | 0.93% | 0.94% | 0.94% | 0.99% |
| Owensville | 0.79% | 0.93% | 1.08% | 1.08% | 1.08% |
| Rosebud | 0.78% | 0.95% | 1.08% | 1.08% | 1.08% |
| Saint James | 0.74% | 0.77% | 0.81% | 0.85% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Gasconade County, Missouri
In Gasconade County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Gasconade County Appraisal District. The assessed value, however, 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. Assessment notices in Gasconade County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The city with the highest median tax bill is Berger at $3,146, while Gasconade has the lowest at $119. Being aware of these valuation processes in Gasconade County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Gasconade County, Missouri
Source: Ownwell
$7,330
$138,015
$268,700
Average Gasconade County Assessed Value
$40,105
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gasconade County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berger | $68,820 | $143,775 | $268,700 | $393,625 | $468,580 |
| Bland | $6,744 | $18,220 | $33,700 | $69,410 | $114,094 |
| Bourbon | $33,720 | $33,720 | $33,720 | $33,720 | $33,720 |
| Cuba | $15,061 | $17,942 | $23,045 | $37,145 | $124,790 |
| Gasconade | $7,330 | $7,330 | $7,330 | $7,330 | $7,330 |
| Hermann | $4,336 | $12,510 | $41,070 | $93,215 | $164,206 |
| Morrison | $3,290 | $6,905 | $14,070 | $26,970 | $81,041 |
| Mount Sterling | $11,132 | $17,280 | $20,390 | $24,820 | $54,238 |
| Owensville | $10,589 | $30,165 | $49,725 | $90,095 | $162,601 |
| Rosebud | $12,224 | $19,382 | $32,780 | $73,420 | $133,005 |
| Saint James | $27,410 | $31,715 | $38,890 | $46,065 | $50,370 |
Source: Ownwell
Property Tax Bills Across Gasconade County, Missouri
In Gasconade County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this county is $40,105. Tax rates are applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including local tax rates and any applicable exemptions or deductions. Homeowners in Gasconade County experience a range of property tax bills. For instance, the 25th percentile tax bill is $179, while the 75th percentile tax bill reaches $970. At the 90th percentile, homeowners can expect to pay around $1,702. These figures demonstrate the variability in tax burdens depending on property value and location within the county. Comparatively, Gasconade County's property tax rates are generally lower than the national median property tax rate of 0.99%. This can make homeownership more affordable, but it's essential for homeowners to understand how their specific tax bill is determined and budget accordingly.
Average Gasconade County Tax Bill
$439
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Gasconade County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Berger | $742 | $1,643 | $3,146 | $4,648 | $5,549 |
| Bland | $85 | $180 | $369 | $669 | $1,036 |
| Bourbon | $216 | $216 | $216 | $216 | $216 |
| Cuba | $128 | $171 | $225 | $344 | $957 |
| Gasconade | $119 | $119 | $119 | $119 | $119 |
| Hermann | $59 | $151 | $483 | $1,320 | $2,317 |
| Morrison | $41 | $99 | $162 | $249 | $1,038 |
| Mount Sterling | $104 | $161 | $218 | $242 | $492 |
| Owensville | $125 | $302 | $509 | $951 | $1,527 |
| Rosebud | $132 | $188 | $332 | $712 | $1,174 |
| Saint James | $208 | $253 | $328 | $403 | $448 |
Source: Ownwell
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