Edwards, Missouri Property Taxes
The median property tax rate in Edwards, Missouri is 0.94%, slightly below the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Edwards at $31,263, the typical annual property tax bill is approximately $286, which is significantly less than the national median of $2,690. Property taxes in Edwards are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Edwards' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Edwards or another part of Benton County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edwards, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$294
Ownwell’s Edwards Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edwards with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edwards 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 Edwards, Missouri
Property taxes in Edwards, Missouri, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edwards is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Edwards set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edwards 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 Edwards' effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65326 in Benton County has the same median property tax rate of 0.94%. Understanding how these areas compare with Edwards provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edwards Tax Rate
0.94%
Average Benton County Tax Rate
0.98%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edwards, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65326 | 0.73% | 0.88% | 0.94% | 0.97% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Edwards, Missouri
In Edwards, 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 Benton 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 Edwards, 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 Edwards helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $286 in zip code 65326, while the lowest median tax bill is also $286 in the same zip code.
Average Edwards Assessed Value
$31,263
Average Benton County Assessed Value
$50,947
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edwards, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65326 | $3,479 | $10,619 | $31,263 | $69,276 | $123,100 |
Source: Ownwell
Property Tax Bills Across Edwards, Missouri
In Edwards, Benton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Edwards is $31,263, and the tax rate is applied to this assessed value to determine the tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. The median property tax bill in Edwards can vary significantly. For instance, at the 25th percentile, homeowners might pay around $90, while those at the 75th percentile could see bills as high as $618. The 90th percentile tax bill reaches up to $1,086. The highest and lowest median tax bills in the area are both $286, found in the zip code 65326. Compared to the national median property tax rate of 0.99%, Edwards homeowners generally experience lower property tax bills, which can be beneficial for those looking to manage their housing expenses effectively.
Average Edwards Tax Bill
$286
Average Benton County Tax Bill
$492
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Edwards, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65326 | $31 | $90 | $286 | $618 | $1,086 |
Source: Ownwell