Dutzow, Missouri Property Taxes
The median property tax rate in Dutzow, MO is 1.17%, slightly below the Missouri state median of 1.20% but still higher than the national median of 0.99%. With a median home value in Dutzow of $123,703, the typical annual property tax bill amounts to $1,445, which is lower than the national median of $2,690. Property taxes in Dutzow are calculated based on the assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Dutzow'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 Dutzow or another part of Warren County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Dutzow, 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 Dutzow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dutzow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dutzow 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 Dutzow, Missouri
Property taxes in Dutzow, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dutzow is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dutzow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dutzow 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 Dutzow's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63342 has both the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Dutzow provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dutzow Tax Rate
1.17%
Average Warren County Tax Rate
1.14%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dutzow, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63342 | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Dutzow, Missouri
In Dutzow, 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 Warren 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 Dutzow, 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 Dutzow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dutzow is $123,703, with tax bills ranging from $1,442 at the 25th percentile to $1,772 at the 90th percentile. The zip code 63342 has the highest and lowest median tax bill of $1,445.
Average Dutzow Assessed Value
$123,703
Average Warren County Assessed Value
$120,064
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dutzow, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63342 | $121,860 | $123,417 | $123,703 | $131,425 | $151,662 |
Source: Ownwell
Property Tax Bills Across Dutzow, Missouri
In Dutzow, located in Warren County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Dutzow is $123,703. Local tax authorities determine the assessed value, and then the appropriate tax rate is applied. The median property tax rate in Missouri is 0.99%, aligning closely with the national median. Factors influencing the tax bill include property characteristics, local tax rates, and any applicable exemptions or deductions. Homeowners in Dutzow can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is around $1,442, while the 75th percentile rises to $1,535, and the 90th percentile reaches $1,772. The highest and lowest median tax bills in the area are both $1,445, found in the 63342 zip code. These property taxes fund essential local services such as schools, emergency services, and infrastructure, directly impacting the quality of life for Dutzow residents.
Average Dutzow Tax Bill
$1,445
Average Warren County Tax Bill
$1,370
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Dutzow, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63342 | $1,424 | $1,442 | $1,445 | $1,535 | $1,772 |
Source: Ownwell