Owensville, Missouri Property Taxes
The median property tax rate in Owensville, MO is 1.08%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $49,725 in Owensville, the typical annual property tax bill amounts to $509, which is significantly below the national median of $2,690. Property taxes in Owensville are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Owensville'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 Owensville or elsewhere in Gasconade County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Owensville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$537
Ownwell’s Owensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Owensville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Owensville 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 Owensville, Missouri
Property taxes in Owensville, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Owensville is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Owensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Owensville 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 Owensville's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65066 has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these areas compare with Owensville provides valuable insights into the varying tax landscape across Gasconade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Owensville Tax Rate
1.08%
Average Gasconade County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Owensville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65066 | 0.79% | 0.93% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Owensville, Missouri
In Owensville, 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 Gasconade 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 Owensville, 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. For instance, the median home price in Owensville is $49,725, with tax bills ranging from $302 at the 25th percentile to $1,527 at the 90th percentile. The zip code 65066 has the highest and lowest median tax bill, both at $509. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Owensville Assessed Value
$49,725
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 Owensville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65066 | $10,589 | $30,165 | $49,725 | $90,095 | $162,601 |
Source: Ownwell
Property Tax Bills Across Owensville, Missouri
In Owensville, Gasconade County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Owensville is $49,725. To determine the tax bill, the assessed value is multiplied by the local tax rate. The median property tax rate in Owensville is 0.99%, which is in line with the national median property tax rate. Factors such as property improvements, neighborhood developments, and market fluctuations can influence the assessed value. For homeowners, this means that any increase in the market value of their property will likely result in a higher tax bill. In Owensville, the tax bill varies significantly. At the 25th percentile, homeowners pay around $302, while at the 75th percentile, the bill rises to $951. The top 10% of homeowners face tax bills as high as $1,527. These variations highlight the importance of understanding how property taxes are calculated to anticipate financial obligations accurately.
Average Owensville Tax Bill
$509
Average Gasconade County Tax Bill
$439
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Owensville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65066 | $125 | $302 | $509 | $951 | $1,527 |
Source: Ownwell