Knob Noster, Missouri Property Taxes
The median property tax rate in Knob Noster, MO is 0.81%, 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 Knob Noster at $147,190, the typical annual property tax bill amounts to $1,185, which is below the national median of $2,690. Property taxes in Knob Noster are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Knob Noster's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Knob Noster or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Knob Noster, 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 Knob Noster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Knob Noster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Knob Noster 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 Knob Noster, Missouri
Property taxes in Knob Noster, Missouri, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Knob Noster is 0.81%, lower than the U.S. national median of 0.99%. Local government entities within Knob Noster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Knob Noster 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 Knob Noster's effective property tax rate to other areas in Pettis County and the national median. For comparison, the 65336 zip code has the highest median property tax rate of 0.81%, while the 65336 zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Knob Noster provides valuable insights into the varying tax landscape across Pettis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Knob Noster Tax Rate
0.81%
Average Pettis County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Knob Noster, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65336 | 0.66% | 0.76% | 0.81% | 0.90% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Knob Noster, Missouri
In Knob Noster, 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 Pettis 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 Knob Noster, 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 Knob Noster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65336 has the highest and lowest median tax bill, both at $1,185.
Average Knob Noster Assessed Value
$147,190
Average Pettis County Assessed Value
$83,765
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Knob Noster, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65336 | $36,192 | $65,145 | $147,190 | $215,020 | $269,604 |
Source: Ownwell
Property Tax Bills Across Knob Noster, Missouri
In Knob Noster, located in Pettis 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 typically represents a percentage of the property's market value. For instance, with a median home price of $147,190, homeowners can expect their tax bills to vary significantly. Factors such as property size, location, and improvements can influence the assessed value. In Pettis County, the 25th percentile tax bill is around $558, while the 75th percentile reaches $1,672, and the 90th percentile can go up to $2,103. These figures highlight the range of property tax burdens homeowners might face, depending on their specific property characteristics. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax implications. Higher property taxes can affect homeowners by increasing annual expenses, while lower taxes can make homeownership more affordable. Therefore, understanding these factors is crucial for homeowners in Knob Noster to manage their financial planning effectively.
Average Knob Noster Tax Bill
$1,185
Average Pettis County Tax Bill
$930
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Knob Noster, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65336 | $398 | $558 | $1,185 | $1,672 | $2,103 |
Source: Ownwell