Excello, Missouri Property Taxes
The median property tax rate in Excello, MO is 0.87%, 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 Excello, the typical annual property tax bill is $1,803, significantly below the national median of $2,690. Property taxes in Excello are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Excello'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 Excello or another part of Randolph County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Excello, 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 Excello Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Excello with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Excello 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 Excello, Missouri
Property taxes in Excello, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Excello is 0.87%, which is below the U.S. national median of 0.99%. Local government entities within Excello set these rates annually, and they can vary significantly across different neighborhoods. Each year, Excello 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 Excello's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65247 zip code has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Excello provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Excello Tax Rate
0.87%
Average Randolph County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Excello, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65247 | 0.80% | 0.82% | 0.87% | 0.87% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Excello, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Excello, Missouri. 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 Randolph 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 Excello, 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. For instance, the median home price in Excello is $205,420, with tax bills ranging from $1,152 at the 25th percentile to $1,850 at the 90th percentile. The zip code 65247 has the highest median tax bill of $1,803. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Excello Assessed Value
$205,420
Average Randolph County Assessed Value
$62,225
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Excello, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65247 | $92,812 | $135,040 | $205,420 | $209,695 | $212,260 |
Source: Ownwell
Property Tax Bills Across Excello, Missouri
In Excello, located in Randolph County, 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 this area is $205,420. To determine the tax bill, the assessed value is multiplied by the local tax rate, which is then adjusted for any applicable exemptions or deductions. Factors such as the property's location, condition, and any improvements made can influence its assessed value. For homeowners in Excello, the 25th percentile tax bill is $1,152, while the 75th percentile is $1,833. Notably, the highest median tax bill recorded in the ZIP code 65247 is $1,803. Compared to the national median property tax rate of 0.99%, the property tax rates in Excello can have a significant impact on homeowners' annual expenses. Understanding these factors and how they contribute to the overall tax bill can help homeowners better plan their finances and potentially seek appeals or exemptions to reduce their tax burden.
Average Excello Tax Bill
$1,803
Average Randolph County Tax Bill
$705
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Excello, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65247 | $762 | $1,152 | $1,803 | $1,833 | $1,850 |
Source: Ownwell