Stockton, Missouri Property Taxes
The median property tax rate in Stockton, Missouri is 0.90%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $48,310 in Stockton, the typical annual property tax bill is $383, significantly less than the national median of $2,690. Property taxes in Stockton are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Stockton'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 Stockton or another part of Cedar County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stockton, 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 Stockton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stockton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stockton 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 Stockton, Missouri
Property taxes in Stockton, Missouri, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Stockton is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Stockton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stockton 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 Stockton's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65785 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Stockton provides valuable insights into the varying tax landscape across Cedar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stockton Tax Rate
0.90%
Average Cedar County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stockton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65785 | 0.69% | 0.80% | 0.90% | 0.92% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Stockton, Missouri
In Stockton, 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 Cedar 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 Stockton, 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. Stockton's median home price is $48,310, with tax bills ranging from $190 at the 25th percentile to $1,604 at the 90th percentile. The highest and lowest median tax bills are both $383, occurring in the 65785 zip code. 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 Stockton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stockton Assessed Value
$48,310
Average Cedar County Assessed Value
$37,145
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stockton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65785 | $12,031 | $22,098 | $48,310 | $114,212 | $196,869 |
Source: Ownwell
Property Tax Bills Across Stockton, Missouri
In Stockton, located in Cedar 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 Stockton is $48,310. Property taxes are then determined by applying the local tax rate to this assessed value. Factors such as property size, location, and any applicable exemptions can influence the final tax bill. For instance, homeowners in Stockton might see tax bills ranging from $190 at the 25th percentile to $1,604 at the 90th percentile. Compared to the national median property tax rate of 0.99%, Stockton's property tax rates can vary significantly, impacting homeowners differently based on their property's assessed value and any local tax policies. The highest median tax bill in Stockton is $383, which is relatively modest compared to some other regions. Understanding how these factors interplay helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Stockton Tax Bill
$383
Average Cedar County Tax Bill
$344
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Stockton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65785 | $100 | $190 | $383 | $823 | $1,604 |
Source: Ownwell