Putnam County Property Taxes
The median property tax rate in Putnam County is 1.20%, aligning with the Missouri state median but higher than the national median of 0.99%. With a median home value of $54,500, the typical annual property tax bill in Putnam County is $636, which is significantly lower than the national median of $2,690. Property taxes in Putnam County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Putnam County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Unionville or another part of Putnam County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Putnam County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$654
Ownwell’s Putnam Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Putnam with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Putnam to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Putnam County, Missouri
Property taxes in Putnam County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Putnam County is 1.20%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Putnam County set these rates annually, and they can vary significantly between different areas within the county. Each year, Putnam County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Putnam County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Worthington has one of the higher property tax rates in Missouri at 1.25%, while the city of Pollock boasts one of the lowest at 0.97%. Analyzing how Putnam County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Putnam County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Putnam County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coatsville | 1.17% | 1.19% | 1.22% | 1.24% | 1.26% |
| Green Castle | 0.78% | 0.79% | 0.99% | 1.13% | 1.21% |
| Livonia | 0.82% | 1.08% | 1.22% | 1.30% | 1.40% |
| Lucerne | 0.82% | 0.87% | 1.13% | 1.38% | 1.40% |
| Newtown | 0.82% | 1.10% | 1.17% | 1.36% | 1.66% |
| Novinger | 0.78% | 0.92% | 1.13% | 1.20% | 1.23% |
| Pollock | 0.79% | 0.86% | 0.97% | 1.15% | 1.24% |
| Powersville | 0.81% | 0.85% | 1.09% | 1.30% | 1.37% |
| Unionville | 0.83% | 1.17% | 1.20% | 1.20% | 1.24% |
| Worthington | 1.00% | 1.12% | 1.25% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Putnam County, Missouri
In Putnam County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Putnam County Appraisal District. The assessed value, however, 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. Assessment notices in Putnam County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Putnam County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Coatsville has the highest median tax bill at $1,435, while Worthington has the lowest at $231.
Average Putnam County Assessed Value
$54,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Putnam County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coatsville | $97,988 | $105,950 | $119,220 | $132,490 | $140,452 |
| Green Castle | $7,251 | $13,138 | $30,115 | $59,268 | $121,669 |
| Livonia | $5,201 | $13,932 | $38,505 | $76,875 | $125,659 |
| Lucerne | $5,834 | $18,480 | $38,860 | $91,570 | $167,916 |
| Newtown | $16,900 | $38,678 | $69,540 | $115,078 | $191,250 |
| Novinger | $10,146 | $24,710 | $60,880 | $93,460 | $156,168 |
| Pollock | $19,002 | $26,705 | $64,020 | $100,120 | $139,511 |
| Powersville | $8,892 | $17,635 | $41,710 | $97,125 | $155,595 |
| Unionville | $12,810 | $26,250 | $61,040 | $124,610 | $225,850 |
| Worthington | $4,526 | $7,010 | $19,970 | $55,890 | $113,066 |
Source: Ownwell
Property Tax Bills Across Putnam County, Missouri
In Putnam County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $54,500, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors such as the home's location, size, and improvements can influence its assessed value. In Putnam County, the tax bills range significantly, with the 25th percentile at $255 and the 75th percentile at $1,345. The highest median tax bill in the county is found in Coatsville at $1,435, while Worthington has the lowest at $231. Compared to the national median property tax rate of 0.99%, homeowners in Putnam County may find their tax bills relatively manageable. These tax obligations directly impact homeowners' annual budgets and can influence decisions on property investments and home improvements.
Average Putnam County Tax Bill
$636
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Putnam County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coatsville | $1,227 | $1,305 | $1,435 | $1,565 | $1,643 |
| Green Castle | $59 | $126 | $301 | $602 | $1,164 |
| Livonia | $65 | $179 | $489 | $936 | $1,577 |
| Lucerne | $91 | $182 | $443 | $1,030 | $1,994 |
| Newtown | $187 | $453 | $821 | $1,451 | $2,425 |
| Novinger | $84 | $223 | $679 | $1,081 | $1,680 |
| Pollock | $211 | $320 | $587 | $942 | $1,225 |
| Powersville | $88 | $181 | $445 | $1,166 | $1,681 |
| Unionville | $144 | $299 | $728 | $1,496 | $2,690 |
| Worthington | $63 | $86 | $231 | $605 | $1,365 |
Source: Ownwell