Kimberling City, Missouri Property Taxes
The median property tax rate in Kimberling City, MO is 0.93%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With a median home value of $102,700, the typical annual property tax bill in Kimberling City amounts to $946, which is well below the national median of $2,690. Property taxes in Kimberling City are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kimberling City'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 Kimberling City or another part of Stone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kimberling City, 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 Kimberling City Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kimberling City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kimberling City to project your property tax bill. This insightful tool aids in understanding potential tax liabilities and planning accordingly. For those interested in more granular data, neighborhood-level trends are available by scrolling down. Your property’s assessed value is determined by Stone County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Kimberling City, Missouri
Property taxes in Kimberling City, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kimberling City is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Kimberling City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kimberling City 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 Kimberling City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65686 zip code has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Kimberling City provides valuable insights into the varying tax landscape across Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kimberling City Tax Rate
0.93%
Average Stone County Tax Rate
0.93%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kimberling City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65686 | 0.86% | 0.93% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Kimberling City, Missouri
In Kimberling City, 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 Stone County 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 Kimberling City, 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 Kimberling City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $102,700, with the highest and lowest median tax bills both at $946 in the 65686 zip code.
Average Kimberling City Assessed Value
$102,700
Average Stone County Assessed Value
$50,150
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kimberling City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65686 | $34,840 | $69,100 | $102,700 | $145,000 | $227,040 |
Source: Ownwell
Property Tax Bills Across Kimberling City, Missouri
In Kimberling City, located in Stone County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Kimberling City experience a range of property tax bills, with the 25th percentile at $642 and the 75th percentile reaching $1,349. The highest median tax bill in the area is $946, which is also the lowest, indicating a consistent tax rate across the city. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, a home valued at the median price of $102,700 would see a tax bill reflective of the local tax rate applied to its assessed value. Compared to the national median property tax rate of 0.99%, Kimberling City's rates can significantly impact homeowners, making it crucial for them to stay informed about local tax policies and potential savings through exemptions. Understanding these elements can help homeowners manage their financial planning more effectively.
Average Kimberling City Tax Bill
$946
Average Stone County Tax Bill
$460
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Kimberling City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65686 | $323 | $642 | $946 | $1,349 | $2,101 |
Source: Ownwell