Warrensburg, Missouri Property Taxes
The median property tax rate in Warrensburg, MO is 0.89%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Warrensburg at $89,600, the typical annual property tax bill reaches $780, significantly below the national median of $2,690. Property taxes in Warrensburg 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 Warrensburg'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 Warrensburg 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
Warrensburg, 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 Warrensburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Warrensburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warrensburg 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 Warrensburg, Missouri
Property taxes in Warrensburg, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warrensburg is 1.07%, higher than both the Missouri state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Warrensburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warrensburg 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 Warrensburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64093 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Warrensburg provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warrensburg Tax Rate
0.89%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warrensburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64093 | 0.79% | 0.85% | 0.89% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Warrensburg, Missouri
In Warrensburg, 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 local 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 Warrensburg, 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 Warrensburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Warrensburg are both $780, located in zip code 64093.
Average Warrensburg Assessed Value
$89,600
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 Warrensburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64093 | $41,350 | $69,225 | $89,600 | $105,100 | $127,850 |
Source: Ownwell
Property Tax Bills Across Warrensburg, Missouri
In Warrensburg, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by local assessors. Homeowners in Warrensburg can expect their tax bills to reflect the median home price of $89,600. Various factors contribute to the final tax bill, including the assessed value, the local tax rate, and any applicable exemptions. For instance, the tax bill at the 25th percentile is around $649, while those at the 75th and 90th percentiles are $813 and $1039 respectively. This range indicates that local tax rates and property values can significantly impact the amount owed. Compared to the national median property tax rate of 0.99%, Warrensburg homeowners face rates that are generally in line with national trends. Understanding these factors helps homeowners anticipate their annual tax obligations, ultimately affecting their financial planning and homeownership costs.
Average Warrensburg Tax Bill
$780
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Warrensburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64093 | $389 | $649 | $780 | $813 | $1,039 |
Source: Ownwell