Washburn, Missouri Property Taxes
The median property tax rate in Washburn, MO is 0.86%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Washburn at $77,000, the typical annual property tax bill reaches $647, significantly below the national median of $2,690. Property taxes in Washburn are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Washburn'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 Washburn 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
Washburn, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$662
Ownwell’s WASHBURN Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in WASHBURN. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in WASHBURN to provide an accurate estimate of your property tax bill. This powerful tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Barry County, is used for property tax calculations and considers applicable exemptions.
Property Tax Rates Across Washburn, Missouri
Property taxes in Washburn, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Washburn is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Washburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washburn 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 Washburn's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65772 zip code has the highest median property tax rate of 0.86%, while the 65772 zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Washburn 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 Washburn Tax Rate
0.86%
Average Barry County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washburn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65772 | 0.70% | 0.80% | 0.86% | 0.89% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Washburn, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Washburn, 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 Assessor 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 Washburn, 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. For instance, the highest median tax bill in Washburn can be found in the 65772 zip code, amounting to $647. 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 Washburn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Washburn Assessed Value
$77,000
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 Washburn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65772 | $28,060 | $48,700 | $77,000 | $116,150 | $165,440 |
Source: Ownwell
Property Tax Bills Across Washburn, Missouri
Property tax bills in Washburn, Barry County, MO, are calculated based on the assessed value of the property, which is a percentage of the market value. The local tax rate, which is applied to this assessed value, determines the final tax bill. For instance, with a median home price of $77,000, the tax bill can vary significantly. Homeowners in the 25th percentile might see a tax bill around $384, while those in the 75th percentile could pay approximately $945. At the 90th percentile, the tax bill can reach up to $1,288. Comparatively, the national median property tax rate is 0.99%, making Washburn’s tax rates relatively moderate. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for Washburn residents. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly. Whether you're at the lower or upper end of the tax spectrum, being informed is key to managing your property expenses effectively.
Average Washburn Tax Bill
$647
Average Barry County Tax Bill
$696
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Washburn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65772 | $195 | $384 | $647 | $945 | $1,288 |
Source: Ownwell