Fordland, Missouri Property Taxes
The median property tax rate in Fordland, MO is 0.80%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $112,600 in Fordland, the typical annual property tax bill is $911, which is well below the national median of $2,690. Property taxes in Fordland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fordland'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 Fordland or another part of Christian County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fordland, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$901
Ownwell’s Fordland Property Tax Bill Calculator assists homeowners, real estate investors, or potential buyers in estimating their annual property taxes in Fordland with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Fordland 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 Fordland, Missouri
Property taxes in Fordland, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fordland is 0.80%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Fordland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fordland 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 Fordland's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65652 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Fordland provides valuable insights into the varying tax landscape across Christian County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fordland Tax Rate
0.80%
Average Christian County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fordland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65652 | 0.67% | 0.75% | 0.80% | 0.88% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Fordland, Missouri
In Fordland, 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 Christian 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 Fordland, 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 Fordland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65652 has the highest and lowest median tax bill at $911.00.
Average Fordland Assessed Value
$112,600
Average Christian County Assessed Value
$157,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fordland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65652 | $56,320 | $78,450 | $112,600 | $194,200 | $247,700 |
Source: Ownwell
Property Tax Bills Across Fordland, Missouri
In Fordland, Christian County, MO, property tax bills are calculated based on the assessed value of a home, which is derived from a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For example, with a median home price of $112,600 in Fordland, homeowners can expect varying tax bills depending on specific factors like exemptions and local levies. The 25th percentile tax bill in Fordland is approximately $568, while the 75th percentile tax bill reaches about $1,512. At the higher end, the 90th percentile tax bill can go up to $2,273. These figures highlight how property taxes can vary significantly within the community. The highest and lowest median tax bills in the area are both $911, reflecting a relatively stable tax environment compared to other regions. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual housing costs. By staying informed, homeowners can better anticipate their financial obligations and plan accordingly.
Average Fordland Tax Bill
$911
Average Christian County Tax Bill
$1,599
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Fordland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65652 | $384 | $568 | $911 | $1,512 | $2,273 |
Source: Ownwell