Ridgedale, Missouri Property Taxes
The median property tax rate in Ridgedale, MO is 1.01%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Ridgedale, the typical annual property tax bill reaches $41, well below the national median of $2,690. Property taxes in Ridgedale 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 Ridgedale'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 Ridgedale 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
Ridgedale, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$41
Ownwell’s Ridgedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ridgedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ridgedale 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 Taney County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ridgedale, Missouri
Property taxes in Ridgedale, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Ridgedale is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Ridgedale set these rates annually, leading to significant variations across different neighborhoods. Each year, Ridgedale estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While laws and voter input influence tax rates and budgets, this calculation forms the basis for setting property tax rates. The data below compares Ridgedale's effective property tax rate to other areas in Taney County and the national median. For comparison, the 65739 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these figures compare with Ridgedale provides valuable insights into the varying tax landscape across Taney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ridgedale Tax Rate
1.01%
Average Taney County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ridgedale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65739 | 0.97% | 1.00% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Ridgedale, Missouri
In Ridgedale, 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 Taney 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 Ridgedale, 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. For example, the 25th percentile tax bill is $26, while the 75th percentile tax bill is $406. 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 Ridgedale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ridgedale Assessed Value
$4,105
Average Taney County Assessed Value
$44,055
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ridgedale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65739 | $1,748 | $2,623 | $4,105 | $44,610 | $167,591 |
Source: Ownwell
Property Tax Bills Across Ridgedale, Missouri
In Ridgedale, located in Taney County, MO, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition, as well as any applicable exemptions or abatements. For instance, the median home price in Ridgedale is $4,105, and tax bills can vary significantly. Homeowners at the 25th percentile pay around $26 annually, while those at the 75th percentile see bills closer to $406. At the high end, the 90th percentile tax bill reaches approximately $1,617. Understanding these factors is crucial for homeowners, as property taxes can impact overall housing costs and financial planning. Comparing these figures to the national median property tax rate of 0.99% highlights the variability and importance of local tax policies.
Average Ridgedale Tax Bill
$41
Average Taney County Tax Bill
$449
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ridgedale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65739 | $17 | $26 | $41 | $406 | $1,617 |
Source: Ownwell