Whitewater, Missouri Property Taxes
The median property tax rate in Whitewater, MO is 0.92%, which is slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. Given the median home value in Whitewater, the typical annual property tax bill amounts to $841, well below the national median of $2,690. Property taxes in Whitewater are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Whitewater's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Whitewater or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitewater, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$830
Ownwell’s Whitewater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitewater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitewater 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 Whitewater, Missouri
Property taxes in Whitewater, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitewater is 0.92%, slightly lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Whitewater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitewater 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 Whitewater's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63785 has both the highest and lowest median property tax rate of 0.92%. Understanding how these cities compare with Whitewater provides valuable insights into the varying tax landscape across Cape Girardeau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitewater Tax Rate
0.92%
Average Cape Girardeau County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitewater, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63785 | 0.79% | 0.86% | 0.92% | 1.00% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Whitewater, Missouri
In Whitewater, 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 Cape Girardeau 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 Whitewater, 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 Whitewater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 63785, with a median tax bill of $841.
Average Whitewater Assessed Value
$90,256
Average Cape Girardeau County Assessed Value
$116,512
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitewater, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63785 | $28,438 | $55,483 | $90,256 | $134,262 | $195,786 |
Source: Ownwell
Property Tax Bills Across Whitewater, Missouri
In Whitewater, Cape Girardeau County, MO, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this area can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $527, while at the 75th percentile, it reaches $1207, and at the 90th percentile, it can go up to $1720. These figures highlight the range of property tax burdens in Whitewater, influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Whitewater's property tax rates offer a glimpse into the local economic landscape. Homeowners must consider these taxes as part of their annual expenses, impacting their overall cost of living and financial planning. Understanding how these taxes are calculated helps homeowners anticipate their obligations and manage their budgets more effectively.
Average Whitewater Tax Bill
$841
Average Cape Girardeau County Tax Bill
$1,109
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitewater, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63785 | $296 | $527 | $841 | $1,207 | $1,720 |
Source: Ownwell