Moundville, Missouri Property Taxes
The median property tax rate in Moundville, MO is 0.96%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Moundville at $43,390, the typical annual property tax bill is $373, far less than the national median of $2,690. Property taxes in Moundville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moundville'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 Moundville or another part of Vernon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moundville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$417
Ownwell’s Moundville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moundville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moundville 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 Moundville, Missouri
Property taxes in Moundville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moundville is 0.96%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Moundville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moundville 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 Moundville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64771 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Moundville provides valuable insights into the varying tax landscape across Vernon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moundville Tax Rate
0.96%
Average Vernon County Tax Rate
1.01%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moundville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64771 | 0.66% | 0.87% | 0.96% | 1.00% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Moundville, Missouri
In Moundville, 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 Vernon 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 Moundville, 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 Moundville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 64771, with a median tax bill of $373.
Average Moundville Assessed Value
$43,390
Average Vernon County Assessed Value
$51,890
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moundville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64771 | $4,012 | $13,990 | $43,390 | $82,800 | $147,534 |
Source: Ownwell
Property Tax Bills Across Moundville, Missouri
In Moundville, Vernon County, MO, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is a percentage of the home's market value, which is determined by the county assessor. For instance, with a median home price of $43,390, the assessed value will be a fraction of this amount, depending on the specific assessment ratio used by the county. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Tax bills in Moundville can vary significantly, with the 25th percentile at $127 and the 75th percentile at $772, indicating a wide range of tax liabilities among homeowners. The 90th percentile tax bill reaches up to $1,355. This variation can be attributed to differences in property values and specific exemptions or deductions that may apply. Homeowners in Moundville must budget for these taxes, which contribute to local services such as schools, public safety, and infrastructure. Understanding how these factors interplay can help homeowners anticipate their financial responsibilities more accurately.
Average Moundville Tax Bill
$373
Average Vernon County Tax Bill
$536
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Moundville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64771 | $37 | $127 | $373 | $772 | $1,355 |
Source: Ownwell