De Queen, Missouri Property Taxes
The median property tax rate in DE QUEEN, MO is 3.57%, significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in DE QUEEN, the typical annual property tax bill reaches $114, which is far below the national median of $2,690. Property taxes in DE QUEEN are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding DE QUEEN'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 DE QUEEN or another part of Morgan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Queen, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.57%
Estimate Property Tax Bill
$114
Ownwell’s DE QUEEN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DE QUEEN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DE QUEEN 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 De Queen, Missouri
Property taxes in De Queen, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Queen is 3.57%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within De Queen set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Queen 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 De Queen's effective property tax rate to other counties in Missouri and the national median. For comparison, the 71832 zip code has the highest median property tax rate of 3.57%, while the same zip code also has the lowest median tax rate of 3.57%. Understanding how these cities compare with De Queen provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Queen Tax Rate
3.57%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Queen, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71832 | 3.57% | 3.57% | 3.57% | 3.57% | 3.57% |
Source: Ownwell
Property Tax Assessment Values Across De Queen, Missouri
In DE QUEEN, 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 Morgan 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 DE QUEEN, 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 DE QUEEN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 71832, both at $114.
Average De Queen Assessed Value
$3,200
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Queen, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71832 | $3,200 | $3,200 | $3,200 | $3,200 | $3,200 |
Source: Ownwell
Property Tax Bills Across De Queen, Missouri
In DE QUEEN, Morgan County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and represents a percentage of the market value of the property. For homeowners in DE QUEEN, the median home price is $3,200, which significantly influences the property tax bill. The property tax rate in DE QUEEN is applied to this assessed value to determine the final tax bill. Various factors, such as property improvements, neighborhood developments, and changes in market conditions, can affect the assessed value. For example, if a home undergoes significant renovations, its assessed value—and consequently the property tax bill—may increase. Homeowners in DE QUEEN experience property tax bills that range from the 25th percentile at $114 to the 90th percentile at $114, which is below the national median property tax rate of 0.99%. This relatively low property tax burden can be beneficial for homeowners, making it more affordable to maintain and invest in their properties.
Average De Queen Tax Bill
$114
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across De Queen, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71832 | $114 | $114 | $114 | $114 | $114 |
Source: Ownwell