Pollock, Missouri Property Taxes
The median property tax rate in Pollock, MO is 0.35%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Pollock, the typical annual property tax bill is $35, far below the national median of $2,690. Property taxes in Pollock are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pollock'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 Pollock 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
Pollock, 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 Pollock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pollock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pollock 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 Sullivan County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pollock, Missouri
Property taxes in Pollock, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pollock is 0.35%, significantly lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Pollock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pollock 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 Pollock's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in Missouri is 1.13%, while the lowest median tax rate is 0.35%. Understanding how these cities compare with Pollock provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pollock Tax Rate
0.35%
Average Sullivan County Tax Rate
0.37%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pollock, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63560 | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
Source: Ownwell
Property Tax Assessment Values Across Pollock, Missouri
In Pollock, 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 Sullivan 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. Assessment notices in Pollock 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 instance, the zip code with the lowest tax bill in Pollock has an annual tax bill of $9, while the highest reaches $221. Being aware of these valuation processes in Pollock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pollock Assessed Value
$9,310
Average Sullivan County Assessed Value
$82,754
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pollock, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63560 | $1,900 | $2,470 | $9,310 | $51,300 | $63,498 |
Source: Ownwell
Property Tax Bills Across Pollock, Missouri
In Pollock, Sullivan County, MO, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by evaluating the market value of the home and then applying the local assessment ratio. For homeowners in Pollock, this process can significantly influence their annual tax bills. With a median home price of $9,310, the property tax bills can vary widely. For instance, the 25th percentile tax bill is as low as $9, while the 75th percentile tax bill reaches $179, and the 90th percentile tax bill can go up to $221. These figures highlight the range of property tax burdens that homeowners might face. Compared to the national median property tax rate of 0.99%, Pollock's property taxes can be relatively modest, but they still represent a crucial expense for homeowners. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Pollock Tax Bill
$35
Average Sullivan County Tax Bill
$330
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pollock, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63560 | $7 | $9 | $35 | $179 | $221 |
Source: Ownwell