Nixa, Missouri Property Taxes
The median property tax rate in Nixa, MO is 1.15%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Nixa at $547,450, the typical annual property tax bill reaches $6,278, significantly exceeding the national median of $2,690. Property taxes in Nixa 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 Nixa'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 Nixa or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nixa, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$6,296
Ownwell’s Nixa Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Nixa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nixa 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 Nixa, Missouri
Property taxes in Nixa, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nixa is 1.15%, higher than the U.S. national median of 0.99%. Local government entities within Nixa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nixa 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 Nixa's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65714 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these areas compare with Nixa provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nixa Tax Rate
1.15%
Average Greene County Tax Rate
1.01%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nixa, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65714 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Nixa, Missouri
In Nixa, 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 Greene 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 Nixa, 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. For instance, the highest median tax bill in the area is $6,278 in the 65714 zip code, while the lowest median tax bill is also $6,278 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nixa Assessed Value
$547,450
Average Greene County Assessed Value
$140,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nixa, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65714 | $348,450 | $423,075 | $547,450 | $671,825 | $746,450 |
Source: Ownwell
Property Tax Bills Across Nixa, Missouri
In Nixa, located in Greene County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors contribute to this calculation, including the home's market value, local tax rates, and any applicable exemptions or deductions. For instance, with a median home price of $547,450, homeowners can expect varying tax bills. The tax bill at the 25th percentile is around $4,852, while at the 75th percentile, it rises to $7,703. At the 90th percentile, it can reach up to $8,558. These figures illustrate the range homeowners might experience based on their property's assessed value and the local tax rate. Compared to the national median property tax rate of 0.99%, Nixa's property tax rates can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Nixa Tax Bill
$6,278
Average Greene County Tax Bill
$1,465
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Nixa, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65714 | $3,997 | $4,852 | $6,278 | $7,703 | $8,558 |
Source: Ownwell