Dittmer, Missouri Property Taxes
The median property tax rate in Dittmer, MO is 1.43%, significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Dittmer at $114,800, the typical annual property tax bill reaches $1,611, which is below the national median of $2,690. Property taxes in Dittmer are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Dittmer'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 Dittmer or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dittmer, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,642
Ownwell’s Dittmer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dittmer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dittmer 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 Dittmer, Missouri
Property taxes in Dittmer, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dittmer is 1.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dittmer set these rates annually, and they can vary across different neighborhoods. Each year, Dittmer 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 Dittmer's effective property tax rate to other areas and the national median. For comparison, the ZIP code 63023 has the highest median property tax rate of 1.43%, while the same ZIP code also has the lowest median tax rate of 1.43%. Understanding how these figures compare with Dittmer provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dittmer Tax Rate
1.43%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dittmer, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63023 | 1.34% | 1.37% | 1.43% | 1.45% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Dittmer, Missouri
In Dittmer, 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 Jefferson 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 Dittmer, 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 Dittmer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Jefferson County, the zip code with the highest median tax bill is 63023, with a tax bill of $1,611.00, while the zip code with the lowest median tax bill is also 63023, with the same amount.
Average Dittmer Assessed Value
$114,800
Average Jefferson County Assessed Value
$133,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dittmer, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63023 | $34,830 | $69,875 | $114,800 | $167,475 | $226,100 |
Source: Ownwell
Property Tax Bills Across Dittmer, Missouri
In Dittmer, located in Jefferson County, MO, property tax bills are determined by several factors, primarily the assessed value of the home and the local tax rate. The median home price in Dittmer is $114,800. Property taxes are calculated by applying the local tax rate to the assessed value of the property, which is a percentage of the market value. This assessed value is then multiplied by the tax rate set by local authorities. For homeowners in Dittmer, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is $962, while the 75th percentile tax bill reaches $2,332, and the 90th percentile can be as high as $3,094. These variations highlight the impact of differing property values and tax rates within the area. Compared to the national median property tax rate of 0.99%, homeowners in Dittmer might find their tax bills relatively aligned or varying based on their specific property assessments. Understanding these factors can help homeowners anticipate their annual tax obligations and budget accordingly.
Average Dittmer Tax Bill
$1,611
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Dittmer, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63023 | $491 | $962 | $1,611 | $2,332 | $3,094 |
Source: Ownwell