Dora, Missouri Property Taxes
The median property tax rate in Dora, MO is 0.73%, which is notably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $71,775 in Dora, the typical annual property tax bill amounts to $535, significantly below the national median of $2,690. Property taxes in Dora are calculated based on the assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Gaining a thorough understanding of Dora's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dora or another part of Howell County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dora, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$524
Ownwell’s Dora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dora 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 Dora, Missouri
Property taxes in Dora, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dora is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Dora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dora 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 Dora's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in Howell County is also 0.73%, found in the zip code 65637. Similarly, the lowest median tax rate is 0.73%, indicating a consistent tax rate across the region. Understanding how these cities compare with Dora provides valuable insights into the varying tax landscape across Howell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dora Tax Rate
0.73%
Average Howell County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dora, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65637 | 0.70% | 0.72% | 0.73% | 0.75% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Dora, Missouri
In Dora, 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 Howell 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 Dora, 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 Dora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65637, at $535.00, while the lowest is also 65637, reflecting the same value.
Average Dora Assessed Value
$71,775
Average Howell County Assessed Value
$81,680
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dora, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65637 | $15,053 | $29,420 | $71,775 | $107,795 | $138,681 |
Source: Ownwell
Property Tax Bills Across Dora, Missouri
Property tax bills in Dora, Howell County, Missouri, are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Dora can expect their property tax bills to be influenced by several factors, including the median home price, which is $71,775. The assessed value is then multiplied by the local tax rate to determine the tax bill. In Dora, the tax bills vary significantly: the 25th percentile tax bill is $246, while the 75th percentile is $756, and the 90th percentile reaches $1,000. These variations illustrate how different property values and local levies can impact the amount homeowners owe. Compared to the national median property tax rate of 0.99%, Howell County's property tax bills reflect local economic conditions and funding needs for public services. Homeowners should be aware of these factors as they can significantly influence their annual expenses and overall financial planning.
Average Dora Tax Bill
$535
Average Howell County Tax Bill
$607
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Dora, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65637 | $138 | $246 | $535 | $756 | $1,000 |
Source: Ownwell