Whiteside, Missouri Property Taxes
The median property tax rate in Whiteside, MO is 1.14%, which is higher than the national median of 0.99% but slightly lower than the Missouri state median of 1.20%. With a median home value of $33,255 in Whiteside, the typical annual property tax bill amounts to $369, far below the national median of $2,690. Property taxes in Whiteside are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Whiteside'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 Whiteside 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
Whiteside, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$379
Ownwell’s Whiteside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whiteside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whiteside 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 Whiteside, Missouri
Property taxes in Whiteside, Missouri, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Whiteside is 0.99%, matching the U.S. national median of 0.99%. Local government entities within Whiteside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whiteside 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. Understanding how these cities compare with Whiteside provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whiteside Tax Rate
1.14%
Average Lincoln County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whiteside, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63387 | 1.13% | 1.14% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Whiteside, Missouri
In Whiteside, 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 Lincoln 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 Whiteside, 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 Whiteside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $369.00 in zip code 63387, while the lowest median tax bill is also $369.00 in the same zip code.
Average Whiteside Assessed Value
$33,255
Average Lincoln County Assessed Value
$149,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whiteside, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63387 | $1,061 | $7,208 | $33,255 | $52,600 | $78,583 |
Source: Ownwell
Property Tax Bills Across Whiteside, Missouri
In Whiteside, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For homeowners in Whiteside, the median home price is $33,255. Property taxes are then levied on this assessed value using the local tax rate. Several factors influence the final tax bill. These include the property's location, any applicable exemptions, and the specific tax rates set by local taxing authorities. For example, the 25th percentile tax bill is $70, while the 75th percentile tax bill is $572, and the 90th percentile tax bill reaches $878. Comparatively, Whiteside's median tax bill of $369 is significantly lower than the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, but it also means that local services funded by property taxes may have different levels of resources compared to other regions.
Average Whiteside Tax Bill
$369
Average Lincoln County Tax Bill
$1,734
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Whiteside, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63387 | $12 | $70 | $369 | $572 | $878 |
Source: Ownwell