Strasburg, Missouri Property Taxes
The median property tax rate in Strasburg, MO is 1.51%, which is considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Strasburg at $48,030, the typical annual property tax bill reaches $726, exceeding the national median of $2,690. Property taxes in Strasburg are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Strasburg'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 Strasburg or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Strasburg, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$725
Ownwell’s Strasburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Strasburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Strasburg 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 Strasburg, Missouri
Property taxes in Strasburg, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strasburg is 1.51%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Strasburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strasburg 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 Strasburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64090 zip code has both the highest and lowest median property tax rate of 1.51%. Understanding how these cities compare with Strasburg provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Strasburg Tax Rate
1.51%
Average Cass County Tax Rate
1.46%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strasburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64090 | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Strasburg, Missouri
In Strasburg, 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 Cass 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 Strasburg, 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 Strasburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Strasburg is $48,030, with tax bills ranging from $542 at the 25th percentile to $1,742 at the 90th percentile. The zip code with the highest and lowest median tax bill is 64090, both at $726.
Average Strasburg Assessed Value
$48,030
Average Cass County Assessed Value
$149,060
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Strasburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64090 | $16,274 | $35,870 | $48,030 | $66,350 | $115,370 |
Source: Ownwell
Property Tax Bills Across Strasburg, Missouri
In Strasburg, located in Cass County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Strasburg stands at $48,030. Property tax rates are applied to this assessed value to determine the final tax bill. Factors such as property location, home improvements, and market conditions influence the assessed value. Homeowners in Strasburg can expect a range of tax bills. For example, the 25th percentile tax bill is around $542, while the 75th percentile tax bill reaches approximately $1,002. At the higher end, the 90th percentile tax bill can be as much as $1,742. The highest and lowest median tax bills in the area are both $726, specifically in the 64090 zip code. Compared to the national median property tax rate of 0.99%, Strasburg offers a relatively moderate tax environment, which can provide financial relief to homeowners. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Strasburg Tax Bill
$726
Average Cass County Tax Bill
$2,217
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Strasburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64090 | $246 | $542 | $726 | $1,002 | $1,742 |
Source: Ownwell