Turney, Missouri Property Taxes
The median property tax rate in Turney, MO is 1.04%, slightly above the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $151,250 in Turney, the typical annual property tax bill amounts to $1,415, which is below the national median of $2,690. Property taxes in Turney are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Familiarizing yourself with Turney's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial yearly savings. Whether you're in the heart of Turney or elsewhere in the city, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Turney, 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 Turney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Turney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Turney 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 Caldwell County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Turney, Missouri
Property taxes in Turney, Missouri, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Turney is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Turney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turney 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 Turney's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64493 zip code has both the highest and lowest median property tax rate of 1.04%. Understanding how these cities compare with Turney provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Turney Tax Rate
1.04%
Average Caldwell County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Turney, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64493 | 0.96% | 0.99% | 1.04% | 1.10% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Turney, Missouri
In Turney, 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 Caldwell 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. In Turney, 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. The median home price in Turney is $151,250, with tax bills ranging from $1,373 at the 25th percentile to $4,147 at the 90th percentile. The highest and lowest median tax bills are both found in the 64493 zip code, amounting to $1,415. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Turney Assessed Value
$151,250
Average Caldwell County Assessed Value
$73,285
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Turney, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64493 | $121,858 | $132,880 | $151,250 | $308,935 | $403,546 |
Source: Ownwell
Property Tax Bills Across Turney, Missouri
In Turney, Caldwell 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 Turney is $151,250, and the assessed value is determined by local tax authorities. Once the assessed value is established, the tax rate, which varies by jurisdiction, is applied to calculate the tax bill. In Turney, the property tax rate is notably lower than the national median of 0.99%. Homeowners in Turney can expect their tax bills to range significantly. For instance, those at the 25th percentile pay around $1,373 annually, while those at the 75th percentile face bills of approximately $3,123. At the 90th percentile, the tax bill can go up to $4,147. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Understanding how these taxes are calculated helps homeowners budget accordingly and recognize the value they receive from their contributions.
Average Turney Tax Bill
$1,415
Average Caldwell County Tax Bill
$850
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Turney, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64493 | $1,348 | $1,373 | $1,415 | $3,123 | $4,147 |
Source: Ownwell