Neelyville, Missouri Property Taxes
The median property tax rate in Neelyville, MO is 0.91%, 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 $45,300 in Neelyville, the typical annual property tax bill is $414, far below the national median of $2,690. Property taxes in Neelyville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Neelyville'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 Neelyville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Neelyville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$412
Ownwell’s Neelyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Neelyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Neelyville 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 Ripley County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Neelyville, Missouri
Property taxes in Neelyville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neelyville is 0.91%, which is slightly below the U.S. national median of 0.99%. Local government entities within Neelyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neelyville 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 Neelyville's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63954 has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Neelyville provides valuable insights into the varying tax landscape across Ripley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Neelyville Tax Rate
0.91%
Average Ripley County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neelyville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63954 | 0.67% | 0.75% | 0.91% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Neelyville, Missouri
In Neelyville, 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 Ripley County Assessor's Office 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 Neelyville, 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 Neelyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Neelyville is $414 in the 63954 zip code, and the lowest median tax bill is also $414 in the same zip code.
Average Neelyville Assessed Value
$45,300
Average Ripley County Assessed Value
$32,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Neelyville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63954 | $11,700 | $20,300 | $45,300 | $73,500 | $97,480 |
Source: Ownwell
Property Tax Bills Across Neelyville, Missouri
In Neelyville, located in Ripley County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the property's market value. For example, with a median home price of $45,300 in Neelyville, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $186, while those in the 75th percentile might see bills closer to $563. The highest median tax bill recorded in the area is $414, which aligns with the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Higher property values generally lead to higher tax bills, impacting homeowners by increasing their annual expenses. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Neelyville Tax Bill
$414
Average Ripley County Tax Bill
$258
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Neelyville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63954 | $98 | $186 | $414 | $563 | $751 |
Source: Ownwell