Edwards, Missouri Property Taxes
The median property tax rate in Edwards, MO is 0.71%, considerably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Edwards, the typical annual property tax bill reaches $800, significantly below the national median of $2,690. Property taxes in Edwards 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 Edwards' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Edwards 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
Edwards, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$856
Ownwell’s Edwards Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edwards with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edwards 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 Edwards, Missouri
Property taxes in Edwards, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edwards is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Edwards set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edwards 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 Edwards' effective property tax rate to other counties in Missouri and the national median. For comparison, the 65326 zip code has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Edwards provides valuable insights into the varying tax landscape across Hickory County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edwards Tax Rate
0.71%
Average Hickory County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edwards, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65326 | 0.65% | 0.69% | 0.71% | 0.75% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Edwards, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Edwards, Missouri. 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 Hickory 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 Edwards, 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 Edwards helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 65326, with a median tax bill of $800.
Average Edwards Assessed Value
$120,505
Average Hickory County Assessed Value
$25,410
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edwards, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65326 | $55,874 | $90,920 | $120,505 | $165,465 | $228,186 |
Source: Ownwell
Property Tax Bills Across Edwards, Missouri
In Edwards, located in Hickory 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 Edwards is $120,505, and homeowners can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $655, while the 75th percentile tax bill reaches around $1,097. At the higher end, the 90th percentile tax bill can go up to $1,594. These variations are influenced by factors such as property location, improvements, and local tax rates. Compared to the national median property tax rate of 0.99%, Edwards homeowners experience a range of tax obligations. The highest and lowest median tax bills in the area both stand at $800, specifically in the 65326 zip code. These property taxes directly impact homeowners' annual budgets, as they must account for these costs alongside other homeownership expenses. Understanding these factors can help homeowners better manage their finances and anticipate future tax obligations.
Average Edwards Tax Bill
$800
Average Hickory County Tax Bill
$177
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Edwards, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65326 | $430 | $655 | $800 | $1,097 | $1,594 |
Source: Ownwell