Truesdale, Missouri Property Taxes
The median property tax rate in Truesdale, MO is 1.28%, notably higher than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $42,714 in Truesdale, the typical annual property tax bill amounts to $569, which is significantly lower than the national median of $2,690. Property taxes in Truesdale are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Truesdale'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 Truesdale or another part of Warren County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Truesdale, 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 Truesdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Truesdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Truesdale 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 Truesdale, Missouri
Property taxes in Truesdale, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Truesdale is 1.28%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Truesdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Truesdale 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 Truesdale's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63380 zip code has the highest median property tax rate of 1.28%, while the 63380 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Truesdale 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 Truesdale Tax Rate
1.28%
Average Warren County Tax Rate
1.14%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Truesdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63380 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Truesdale, Missouri
In Truesdale, 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 local 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 Truesdale, 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 Truesdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $42,714, with annual tax bills ranging from $289 at the 25th percentile to $2,601 at the 90th percentile. The highest and lowest median tax bill, both at $569, are found in zip code 63380.
Average Truesdale Assessed Value
$42,714
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 Truesdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63380 | $15,746 | $22,569 | $42,714 | $127,035 | $194,983 |
Source: Ownwell
Property Tax Bills Across Truesdale, Missouri
In Truesdale, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the Warren County Assessor's Office. The assessed value is typically a percentage of the home's market value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Factors that influence the assessed value include the property's location, size, and condition, as well as recent sales of comparable properties in the area. For homeowners in Truesdale, the median home price is $42,714, resulting in a range of tax bills. The 25th percentile tax bill is $289, while the 75th percentile tax bill is $1,625, and the 90th percentile tax bill reaches $2,601. These property taxes contribute to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Truesdale's rates can significantly impact homeowners, influencing both monthly budgets and overall financial planning.
Average Truesdale Tax Bill
$569
Average Warren County Tax Bill
$1,370
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Truesdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63380 | $201 | $289 | $569 | $1,625 | $2,601 |
Source: Ownwell