Stanberry, Missouri Property Taxes
The median property tax rate in Stanberry, MO is 1.75%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Stanberry, the typical annual property tax bill reaches $881, which is below the national median of $2,690. Property taxes in Stanberry are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stanberry'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 Stanberry or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanberry, 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 Stanberry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanberry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanberry 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 Gentry County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Stanberry, Missouri
Property taxes in Stanberry, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanberry is 1.75%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Stanberry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanberry 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. For comparison, the zip code 64489 has both the highest and lowest median property tax rate of 1.75%. Understanding how these rates compare with Stanberry provides valuable insights into the varying tax landscape across Gentry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanberry Tax Rate
1.75%
Average Gentry County Tax Rate
1.36%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanberry, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64489 | 1.24% | 1.46% | 1.75% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Stanberry, Missouri
In Stanberry, 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 Gentry 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 Stanberry, 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 Stanberry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $881 in zip code 64489, which is also the lowest median tax bill.
Average Stanberry Assessed Value
$54,205
Average Gentry County Assessed Value
$52,950
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanberry, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64489 | $12,040 | $28,085 | $54,205 | $107,155 | $177,015 |
Source: Ownwell
Property Tax Bills Across Stanberry, Missouri
In Stanberry, located in Gentry County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This value is typically a percentage of the market value of the property. For homeowners in Stanberry, the median home price is $54,205. The local tax rate is applied to the assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill is $470, while the 75th percentile tax bill reaches $1,625. At the 90th percentile, homeowners might see tax bills as high as $2,800. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Stanberry's tax rates reflect the local economic conditions and funding needs.
Average Stanberry Tax Bill
$881
Average Gentry County Tax Bill
$746
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanberry, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64489 | $181 | $470 | $881 | $1,625 | $2,800 |
Source: Ownwell