Ashburn, Missouri Property Taxes
The median property tax rate in Ashburn, MO is 0.96%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $120,880 in Ashburn, the typical annual property tax bill is $1,164, which is less than the national median of $2,690. Property taxes in Ashburn are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Ashburn'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 Ashburn or another part of Pike County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashburn, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,160
Ownwell’s Ashburn Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ashburn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashburn 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 Ashburn, Missouri
Property taxes in Ashburn, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashburn is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Ashburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashburn 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 Ashburn's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63433 zip code has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these areas compare with Ashburn provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashburn Tax Rate
0.96%
Average Pike County Tax Rate
1.04%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashburn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63433 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Ashburn, Missouri
In Ashburn, 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 Pike 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 Ashburn, 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 Ashburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63433 in Ashburn has both the highest and lowest median tax bills, each at $1,164, which can be compared to the national median property tax rate of 0.99%.
Average Ashburn Assessed Value
$120,880
Average Pike County Assessed Value
$71,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashburn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63433 | $120,880 | $120,880 | $120,880 | $120,880 | $120,880 |
Source: Ownwell
Property Tax Bills Across Ashburn, Missouri
In Ashburn, located in Pike County, MO, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The median home price in Ashburn stands at $120,880. Property tax rates in this region are influenced by various factors, including local government budgets and school district funding needs. Homeowners in Ashburn can expect a median tax bill of $1,164, which aligns with the 25th, 75th, and 90th percentiles, indicating a consistent tax rate across different property values. This median tax bill is relatively high compared to the national median property tax rate of 0.99%, reflecting the specific fiscal requirements of the local jurisdiction. These property taxes play a crucial role in funding essential community services such as public education, infrastructure maintenance, and emergency services. For homeowners, this means that while their tax contributions are significant, they directly support the quality of life and public amenities in Ashburn.
Average Ashburn Tax Bill
$1,164
Average Pike County Tax Bill
$720
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashburn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63433 | $1,164 | $1,164 | $1,164 | $1,164 | $1,164 |
Source: Ownwell