Wentworth, Missouri Property Taxes
The median property tax rate in Wentworth, MO is 1.00%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $35,000 in Wentworth, the typical annual property tax bill amounts to $357, which is significantly below the national median of $2,690. Property taxes in Wentworth are based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Wentworth's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wentworth or another part of Newton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wentworth, 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 Wentworth Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Wentworth. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Wentworth to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in neighborhood-specific trends, additional localized information is available below. Your property’s assessed value, determined by Newton County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Wentworth, Missouri
Property taxes in Wentworth, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wentworth is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Wentworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wentworth 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 Wentworth's effective property tax rate to other regions and the national median. For comparison, the zip code 64873 has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Wentworth provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wentworth Tax Rate
1.00%
Average Newton County Tax Rate
1.09%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wentworth, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64873 | 0.88% | 0.95% | 1.00% | 1.03% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Wentworth, Missouri
In Wentworth, 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 Newton 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 Wentworth, 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 Wentworth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64873 has the highest median tax bill at $357, which is also the lowest median tax bill in the area.
Average Wentworth Assessed Value
$35,000
Average Newton County Assessed Value
$71,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wentworth, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64873 | $9,400 | $24,200 | $35,000 | $51,400 | $90,640 |
Source: Ownwell
Property Tax Bills Across Wentworth, Missouri
In Wentworth, located in Newton County, MO, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and is a percentage of the property's market value. For homeowners in Wentworth, the median home price is $35,000, which serves as a baseline for calculating property taxes. Several factors influence the final tax bill, including the local tax rate and any applicable exemptions or deductions. The tax rate in Wentworth is applied to the assessed value to determine the annual property tax bill. For example, the 25th percentile tax bill is $245, while the 75th percentile reaches $517, and the 90th percentile can be as high as $901. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Wentworth's property taxes provide essential community funding while reflecting the local real estate market's characteristics.
Average Wentworth Tax Bill
$357
Average Newton County Tax Bill
$791
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wentworth, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64873 | $79 | $245 | $357 | $517 | $901 |
Source: Ownwell