Turners, Missouri Property Taxes
The median property tax rate in Turners, MO is 1.07%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With the median home value in Turners at $57,700, the typical annual property tax bill is $616, which is substantially less than the national median of $2,690. Property taxes in Turners are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Turners' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Turners 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
Turners, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$617
Ownwell’s Turners Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Turners with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Turners 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 Turners, Missouri
Property taxes in Turners, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Turners is 1.07%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Turners set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turners 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 Turners' effective property tax rate to other counties in Missouri and the national median. For comparison, the 65765 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Turners 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 Turners Tax Rate
1.07%
Average Greene County Tax Rate
1.01%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Turners, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65765 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Turners, Missouri
In Turners, 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 Turners, 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 Turners helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65765 has the highest and lowest median tax bills, both at $616, reflecting the uniformity in property tax bills across the area.
Average Turners Assessed Value
$57,700
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 Turners, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65765 | $57,700 | $57,700 | $57,700 | $57,700 | $57,700 |
Source: Ownwell
Property Tax Bills Across Turners, Missouri
In Turners, located in Greene County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For instance, if the median home price is $57,700, the assessed value would be a fraction of this amount, depending on the assessment ratio used by the county. The property tax rate in Turners is applied to this assessed value to determine the annual tax bill. For example, homeowners in Turners typically face a median property tax bill of $616. This amount remains consistent across different percentiles, indicating a uniform tax rate application in the area. Factors influencing the tax bill include property improvements, local tax levies, and any applicable exemptions or abatements. This tax bill is crucial for homeowners as it directly affects their annual financial planning and the affordability of maintaining their property. Comparing this to the national median property tax rate of 0.99%, Turners' property taxes are relatively modest, providing some financial relief to its residents.
Average Turners Tax Bill
$616
Average Greene County Tax Bill
$1,465
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Turners, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65765 | $616 | $616 | $616 | $616 | $616 |
Source: Ownwell