Webb City, Missouri Property Taxes
The median property tax rate in Webb City, MO is 0.88%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $99,480 in Webb City, the typical annual property tax bill amounts to $871, significantly below the national median of $2,690. Property taxes in Webb City are determined based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Webb City's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Webb City or another part of the city, gaining insights into the local property tax system will be advantageous.
Last Updated June 14, 2024
Webb City, 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 Webb City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Webb City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Webb City 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 Webb City, Missouri
Property taxes in Webb City, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Webb City is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Webb City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Webb City 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 Webb City's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64870 has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with Webb City provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Webb City Tax Rate
0.88%
Average Jasper County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Webb City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64870 | 0.85% | 0.86% | 0.88% | 0.91% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Webb City, Missouri
In Webb City, 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 Jasper 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 Webb City, 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 Webb City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Webb City are both $871.00, found in zip code 64870.
Average Webb City Assessed Value
$99,480
Average Jasper County Assessed Value
$82,940
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Webb City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64870 | $36,814 | $58,720 | $99,480 | $151,065 | $212,124 |
Source: Ownwell
Property Tax Bills Across Webb City, Missouri
Property tax bills in Webb City, located in Jasper County, MO, are calculated based on the assessed value of a homeowner's property. The assessed value is determined by local assessors and is a percentage of the property's market value. In Webb City, the median home price is $99,480. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $496, while at the 75th percentile, it reaches $1,356. The 90th percentile tax bill can go as high as $1,893. These variations illustrate how different property characteristics can affect the amount owed. Understanding these factors is crucial for homeowners as property taxes directly impact annual household expenses. Comparing these figures to the national median property tax rate of 0.99% helps homeowners gauge their tax burden relative to other regions.
Average Webb City Tax Bill
$871
Average Jasper County Tax Bill
$737
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Webb City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64870 | $302 | $496 | $871 | $1,356 | $1,893 |
Source: Ownwell