Dixon, Missouri Property Taxes
The median property tax rate in Dixon, MO is 0.78%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $82,645 in Dixon, the typical annual property tax bill amounts to $676, well below the national median of $2,690. Property taxes in Dixon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Dixon'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 Dixon or another part of Pulaski County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dixon, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$645
Ownwell’s Dixon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dixon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dixon 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 Dixon, Missouri
Property taxes in Dixon, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dixon is 0.78%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Dixon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dixon 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 Dixon's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65459 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Dixon provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dixon Tax Rate
0.78%
Average Pulaski County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dixon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65459 | 0.74% | 0.76% | 0.78% | 0.82% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Dixon, Missouri
In Dixon, 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 Pulaski 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 Dixon, 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 Dixon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dixon is $82,645, with the highest and lowest median tax bills both being $676 in zip code 65459.
Average Dixon Assessed Value
$82,645
Average Pulaski County Assessed Value
$115,944
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dixon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65459 | $23,902 | $41,764 | $82,645 | $134,162 | $185,115 |
Source: Ownwell
Property Tax Bills Across Dixon, Missouri
In Dixon, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Dixon is $82,645. Property tax rates in Dixon are influenced by the county's needs for public services such as schools, roads, and emergency services. The assessed value is then multiplied by the local property tax rate to determine the tax bill. For homeowners in Dixon, the property tax bill can vary significantly. The 25th percentile of tax bills is $354, while the 75th percentile reaches $1,084. At the 90th percentile, homeowners may see tax bills as high as $1,474. These figures indicate that property taxes in Dixon can have a substantial impact on household budgets. Compared to the national median property tax rate of 0.99%, Dixon's rates reflect the local economic and service needs, making it crucial for homeowners to understand how these taxes are calculated and budget accordingly.
Average Dixon Tax Bill
$676
Average Pulaski County Tax Bill
$872
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Dixon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65459 | $193 | $354 | $676 | $1,084 | $1,474 |
Source: Ownwell