Ewing, Missouri Property Taxes
The median property tax rate in Ewing, MO is 0.84%, which is below both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $66,250 in Ewing, the typical annual property tax bill is $613, significantly lower than the national median of $2,690. Property taxes in Ewing are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ewing's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ewing 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
Ewing, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$557
Ownwell’s Ewing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ewing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ewing 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 Ewing, Missouri
Property taxes in Ewing, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ewing is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Ewing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ewing 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 Ewing's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63440 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Ewing provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ewing Tax Rate
0.84%
Average Shelby County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ewing, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63440 | 0.75% | 0.77% | 0.84% | 0.97% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Ewing, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ewing, 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 local appraisal district 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 Ewing, 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 example, the highest median tax bill in Ewing is $613.00 in the 63440 zip code, while the lowest is also $613.00 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ewing Assessed Value
$66,250
Average Shelby County Assessed Value
$56,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ewing, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63440 | $20,910 | $29,475 | $66,250 | $117,175 | $214,690 |
Source: Ownwell
Property Tax Bills Across Ewing, Missouri
In Ewing, Shelby County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's location, size, and any improvements made. For homeowners in Ewing, the median home price is $66,250. The tax bill can vary significantly, with the 25th percentile at $232 and the 75th percentile at $1203. At the 90th percentile, homeowners might see tax bills as high as $1942. These variations highlight the impact of property characteristics and local tax rates on individual tax bills. Comparatively, the median property tax rate in Ewing aligns closely with the national median of 0.99%, ensuring that homeowners are not disproportionately burdened. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Ewing Tax Bill
$613
Average Shelby County Tax Bill
$514
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ewing, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63440 | $157 | $232 | $613 | $1,203 | $1,942 |
Source: Ownwell