Stoddard County Property Taxes
The median property tax rate in Stoddard County is 0.85%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $85,450, the typical annual property tax bill in Stoddard County is $758, significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Stoddard 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 Dexter or another part of Stoddard County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stoddard County 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 Stoddard County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Stoddard County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Stoddard County 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 Stoddard County, Missouri
Property taxes in Stoddard County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Stoddard County is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Stoddard County set these rates annually, and they can vary significantly between different areas within the county. Each year, Stoddard 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. For comparison, the city of Grayridge has one of the higher property tax rates in the state at 1.00%, while the city of Bell City boasts one of the lowest at 0.75%. Analyzing how Stoddard County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Stoddard County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stoddard County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | 0.65% | 0.72% | 0.81% | 0.85% | 0.87% |
| Bell City | 0.67% | 0.71% | 0.75% | 0.79% | 0.88% |
| Bernie | 0.69% | 0.76% | 0.81% | 0.94% | 0.94% |
| Bloomfield | 0.69% | 0.75% | 0.84% | 0.88% | 0.89% |
| Brownwood | 0.74% | 0.76% | 0.81% | 0.85% | 0.88% |
| Catron | 0.83% | 0.88% | 0.99% | 1.02% | 1.12% |
| Dexter | 0.79% | 0.86% | 0.88% | 0.88% | 0.92% |
| Dudley | 0.66% | 0.76% | 0.83% | 0.84% | 0.87% |
| Essex | 0.73% | 0.82% | 0.91% | 1.01% | 1.11% |
| Grayridge | 0.84% | 0.94% | 1.00% | 1.00% | 1.02% |
| Malden | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
| Oran | 0.65% | 0.71% | 0.77% | 0.84% | 0.89% |
| Parma | 0.77% | 0.81% | 0.85% | 0.96% | 0.98% |
| Puxico | 0.71% | 0.78% | 0.84% | 0.87% | 0.89% |
| Sikeston | 0.78% | 0.82% | 0.95% | 1.02% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Stoddard County, Missouri
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Stoddard County. 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 Stoddard 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 Stoddard 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. In Stoddard County, the median home price is $85,450. Cities like Parma have the highest median tax bill at $1,531, while Bell City has the lowest at $600. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Stoddard County, Missouri
Source: Ownwell
$55,200
$119,400
$183,600
Average Stoddard County Assessed Value
$85,450
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stoddard County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | $15,300 | $40,675 | $85,800 | $147,375 | $244,680 |
| Bell City | $12,180 | $35,450 | $83,700 | $142,600 | $208,620 |
| Bernie | $22,700 | $37,600 | $77,400 | $152,000 | $271,760 |
| Bloomfield | $16,210 | $42,750 | $80,900 | $144,550 | $218,920 |
| Brownwood | $47,900 | $71,600 | $111,100 | $150,600 | $174,300 |
| Catron | $36,600 | $62,000 | $137,900 | $266,400 | $592,260 |
| Dexter | $15,500 | $39,750 | $87,900 | $159,100 | $264,500 |
| Dudley | $5,440 | $24,900 | $69,800 | $147,225 | $263,160 |
| Essex | $20,380 | $52,700 | $101,400 | $149,250 | $220,380 |
| Grayridge | $3,420 | $10,800 | $55,200 | $86,200 | $110,580 |
| Malden | $124,000 | $124,000 | $124,000 | $124,000 | $124,000 |
| Oran | $13,380 | $70,075 | $105,000 | $194,450 | $472,440 |
| Parma | $66,590 | $80,975 | $183,600 | $272,400 | $461,770 |
| Puxico | $25,300 | $49,450 | $91,000 | $148,800 | $227,800 |
| Sikeston | $34,140 | $83,400 | $109,900 | $173,900 | $192,500 |
Source: Ownwell
Property Tax Bills Across Stoddard County, Missouri
In Stoddard County, MO, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and market conditions. For instance, the median home price in Stoddard County is $85,450. Tax bills in the county vary significantly. The 25th percentile tax bill stands at $399, indicating that a quarter of homeowners pay this amount or less. On the higher end, the 75th percentile tax bill is $1,326, and the 90th percentile reaches up to $2,096. The highest median tax bill in the county is $1,531 in Parma, while Bell City has the lowest median tax bill at $600. These variations affect homeowners differently, with some paying well below the national median property tax rate of 0.99%, while others pay significantly more. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Stoddard County Tax Bill
$758
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Stoddard County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | $238 | $488 | $783 | $1,267 | $1,975 |
| Bell City | $113 | $330 | $600 | $1,140 | $1,492 |
| Bernie | $224 | $363 | $613 | $1,170 | $2,277 |
| Bloomfield | $211 | $400 | $708 | $1,266 | $1,912 |
| Brownwood | $396 | $558 | $827 | $1,096 | $1,257 |
| Catron | $378 | $561 | $1,375 | $2,358 | $4,653 |
| Dexter | $193 | $380 | $821 | $1,413 | $2,357 |
| Dudley | $51 | $289 | $607 | $1,230 | $2,176 |
| Essex | $204 | $507 | $929 | $1,398 | $1,982 |
| Grayridge | $29 | $295 | $614 | $762 | $1,251 |
| Malden | $965 | $965 | $965 | $965 | $965 |
| Oran | $373 | $652 | $849 | $1,693 | $3,606 |
| Parma | $629 | $694 | $1,531 | $2,327 | $3,994 |
| Puxico | $255 | $440 | $762 | $1,263 | $1,888 |
| Sikeston | $544 | $857 | $1,122 | $1,473 | $1,934 |
Source: Ownwell