Exeter, Missouri Property Taxes
The median property tax rate in Exeter, Missouri is 0.94%, 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 Exeter at $64,500, the typical annual property tax bill amounts to $591, well under the national median of $2,690. Property taxes in Exeter are determined based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Exeter's property tax system and exploring available exemptions, homeowners and real estate investors can uncover opportunities for substantial annual savings. Whether you're in the heart of Exeter or another part of Barry County, gaining insights into the local property tax landscape is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Exeter, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$606
Ownwell’s Exeter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Exeter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Exeter 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 Exeter, Missouri
Property taxes in Exeter, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Exeter is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Exeter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Exeter 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 Exeter's effective property tax rate to other areas in Barry County and the national median. For comparison, the zip code 65647 has both the highest and lowest median property tax rate of 0.94%, matching Exeter's rate. Understanding how these areas compare with Exeter 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 Exeter Tax Rate
0.94%
Average Barry County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Exeter, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65647 | 0.71% | 0.84% | 0.94% | 1.02% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Exeter, Missouri
In Exeter, 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 Barry County Assessor's Office 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 Exeter, 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 Exeter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65647 has the highest and lowest median tax bill of $591.
Average Exeter Assessed Value
$64,500
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 Exeter, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65647 | $27,860 | $43,250 | $64,500 | $99,800 | $175,020 |
Source: Ownwell
Property Tax Bills Across Exeter, Missouri
In Exeter, located in Barry County, MO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which in Exeter is influenced by the median home price of $64,500. Factors such as property size, location, and improvements also play a role in determining the assessed value. Homeowners in Exeter experience a range of property tax bills. At the 25th percentile, a tax bill might be around $386, while those in the 75th percentile could see bills closer to $900. For the top 10% of properties, tax bills can reach up to $1,445. These amounts are notably lower than the national median property tax rate of 0.99%, making Exeter an attractive location for homeowners seeking more affordable property taxes. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Exeter Tax Bill
$591
Average Barry County Tax Bill
$696
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Exeter, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65647 | $241 | $386 | $591 | $900 | $1,445 |
Source: Ownwell