Eagle Rock, Missouri Property Taxes
The median property tax rate in Eagle Rock, Missouri is 0.93%, slightly lower than the national median of 0.99% and considerably below the Missouri state median of 1.20%. With a median home value of $96,750 in Eagle Rock, the typical annual property tax bill is $881, which is significantly less than the national median of $2,690. Property taxes in Eagle Rock are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Eagle Rock'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 Eagle Rock or another part of Barry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eagle Rock, 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 Eagle Rock Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eagle Rock with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Eagle Rock to project your property tax bill. This valuable tool helps you anticipate potential tax obligations. For those interested in more granular insights, you can explore trends specific to different neighborhoods by scrolling down. The assessed value of your property is determined by Barry County for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Eagle Rock, Missouri
Property taxes in Eagle Rock, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle Rock is 0.93%, slightly below the U.S. national median of 0.99%. Local government entities within Eagle Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, the city 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 Eagle Rock's effective property tax rate to other areas in Barry County and the national median. For comparison, the zip code 65641 has both the highest and lowest median property tax rate in the area at 0.93%. Understanding how these areas compare with Eagle Rock provides valuable insights into the varying tax landscape across Barry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagle Rock Tax Rate
0.93%
Average Barry County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle Rock, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65641 | 0.82% | 0.89% | 0.93% | 0.93% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Eagle Rock, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eagle Rock, Missouri. 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 Barry 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 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. In Eagle Rock, the median home price is $96,750, with tax bills ranging from $498 at the 25th percentile to $1,991 at the 90th percentile. The zip code 65641 has both the highest and lowest median tax bill of $881. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eagle Rock Assessed Value
$96,750
Average Barry County Assessed Value
$82,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eagle Rock, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65641 | $34,910 | $57,975 | $96,750 | $149,525 | $228,000 |
Source: Ownwell
Property Tax Bills Across Eagle Rock, Missouri
In Eagle Rock, Barry County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Several factors influence the assessed value, including the property's location, size, and condition. Once the assessed value is established, local tax rates, or mill rates, are applied to calculate the annual tax bill. For homeowners in Eagle Rock, the median home price is $96,750. The property tax rate in Barry County can result in varying tax bills. For example, at the 25th percentile, homeowners might pay around $498, while those at the 75th percentile could see bills as high as $1,333. The top 10% of tax bills can reach up to $1,991. Compared to the national median property tax rate of 0.99%, Barry County offers a relatively manageable tax environment, which can significantly impact homeowners' annual expenses and overall affordability of owning property in the area.
Average Eagle Rock Tax Bill
$881
Average Barry County Tax Bill
$696
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle Rock, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65641 | $287 | $498 | $881 | $1,333 | $1,991 |
Source: Ownwell