Wyaconda, Missouri Property Taxes
The median property tax rate in Wyaconda, MO is 0.95%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With the median home value in Wyaconda at $41,920, the typical annual property tax bill amounts to $398, far less than the national median of $2,690. Property taxes in Wyaconda 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 Wyaconda'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 Wyaconda or another part of Lewis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wyaconda, 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 Wyaconda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wyaconda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wyaconda 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 Wyaconda, Missouri
Property taxes in Wyaconda, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wyaconda is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within Wyaconda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wyaconda 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 Wyaconda's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63474 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Wyaconda provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wyaconda Tax Rate
0.95%
Average Lewis County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wyaconda, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63474 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Wyaconda, Missouri
In Wyaconda, Missouri, understanding the distinction between "market value" and "assessed value" is essential for grasping 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 Lewis 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 Wyaconda, 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. The median home price is $41,920, with the 25th, 75th, and 90th percentile tax bills all at $398. The highest and lowest median tax bills are both $398, found in the 63474 zip code. By understanding 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 Wyaconda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wyaconda Assessed Value
$41,920
Average Lewis County Assessed Value
$40,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wyaconda, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63474 | $41,920 | $41,920 | $41,920 | $41,920 | $41,920 |
Source: Ownwell
Property Tax Bills Across Wyaconda, Missouri
In Wyaconda, located in Lewis County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $41,920, the tax bill typically stands at $398, reflecting a relatively low property tax rate compared to the national median of 0.99%. This consistent tax bill, found across different percentiles, indicates a stable and predictable property tax environment for homeowners. Several factors contribute to the final tax bill, including the assessed value of the property and the local tax rate set by Lewis County. Homeowners in Wyaconda benefit from this stability, as it allows for better financial planning and budgeting. The relatively low property tax rate can make homeownership more affordable, potentially attracting new residents to the area. Overall, the property tax system in Wyaconda ensures that homeowners are not burdened with excessive tax bills, fostering a supportive community environment.
Average Wyaconda Tax Bill
$398
Average Lewis County Tax Bill
$410
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wyaconda, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63474 | $398 | $398 | $398 | $398 | $398 |
Source: Ownwell