Iantha, Missouri Property Taxes
The median property tax rate in Iantha, MO is 1.07%, which is higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $108,390 in Iantha, the typical annual property tax bill amounts to $1,148, which is below the national median of $2,690. Property taxes in Iantha are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Iantha'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 Iantha or another part of Barton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Iantha, 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 Iantha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Iantha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Iantha 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 Iantha, Missouri
Property taxes in Iantha, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Iantha is 1.07%, which is significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Iantha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Iantha 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 Iantha's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64759 has both the highest and lowest median property tax rate in the area, standing at 1.07%. Understanding how these cities compare with Iantha provides valuable insights into the varying tax landscape across Barton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Iantha Tax Rate
1.07%
Average Barton County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Iantha, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64759 | 1.05% | 1.06% | 1.07% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Iantha, Missouri
In Iantha, 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 Barton 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 Iantha, 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. For instance, the median home price in Iantha is $108,390, with the 25th percentile tax bill around $911 and the 75th percentile reaching $1,386. The highest median tax bill is $1,148 in the 64759 zip code, which is also where the lowest median tax bill is reported. Being aware of these valuation processes in Iantha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Iantha Assessed Value
$108,390
Average Barton County Assessed Value
$57,829
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Iantha, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64759 | $70,604 | $84,774 | $108,390 | $132,007 | $146,176 |
Source: Ownwell
Property Tax Bills Across Iantha, Missouri
In Iantha, located in Barton County, MO, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The county assessor determines this assessed value, and it plays a crucial role in calculating your property tax bill. For instance, the median home price in Iantha is $108,390, and property taxes are levied accordingly. Several factors influence your tax bill, including the local tax rate and any applicable exemptions. The local tax rate in Barton County can vary, but it generally aligns closely with the national median property tax rate of 0.99%. Homeowners in Iantha can expect their annual tax bills to range significantly. The 25th percentile tax bill is around $911, while the 75th percentile reaches $1,386. At the higher end, the 90th percentile tax bill is approximately $1,529. Understanding these factors is essential for homeowners as property taxes directly impact annual housing costs, influencing both budgeting and long-term financial planning.
Average Iantha Tax Bill
$1,148
Average Barton County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Iantha, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64759 | $768 | $911 | $1,148 | $1,386 | $1,529 |
Source: Ownwell