Oran, Missouri Property Taxes
The median property tax rate in Oran, MO is 0.77%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $105,000 in Oran, the typical annual property tax bill amounts to $849, well below the national median of $2,690. Property taxes in Oran are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Oran'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 Oran or another part of Stoddard County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oran, 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 ORAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ORAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ORAN 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 Oran, Missouri
Property taxes in Oran, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oran is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Oran set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oran 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 Oran's effective property tax rate to other areas in Stoddard County and the national median. For comparison, the highest and lowest median property tax rates in Stoddard County are both 0.77%, as seen in the zip code 63771. Understanding how these cities compare with Oran provides valuable insights into the varying tax landscape across Stoddard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oran Tax Rate
0.77%
Average Stoddard County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oran, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63771 | 0.65% | 0.71% | 0.77% | 0.84% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Oran, Missouri
In Oran, 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 Stoddard 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 Oran, 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. In Oran, the median home price is $105,000, with tax bills ranging from $652 at the 25th percentile to $3,606 at the 90th percentile. Notably, the zip code with the highest and lowest median tax bill is 63771, both at $849. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oran Assessed Value
$105,000
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 Oran, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63771 | $13,380 | $70,075 | $105,000 | $194,450 | $472,440 |
Source: Ownwell
Property Tax Bills Across Oran, Missouri
In Oran, located in Stoddard County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of its market value. Local tax rates are then applied to this assessed value to calculate the final tax bill. For instance, with a median home price of $105,000, homeowners in Oran can expect their tax bills to vary significantly, reflecting the assessed value and applicable tax rates. Factors such as property location, improvements, and local government budgets influence the assessed value and, consequently, the tax bill. In Oran, the 25th percentile tax bill is around $652, while the 75th percentile tax bill reaches $1,693. At the higher end, the 90th percentile tax bill can be as high as $3,606. These figures demonstrate a wide range of tax obligations, impacting homeowners differently based on their property values and assessments. Compared to the national median property tax rate of 0.99%, Oran's tax bills reflect local economic conditions and municipal funding needs.
Average Oran Tax Bill
$849
Average Stoddard County Tax Bill
$758
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Oran, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63771 | $373 | $652 | $849 | $1,693 | $3,606 |
Source: Ownwell