Walnut Shade, Missouri Property Taxes
The median property tax rate in Walnut Shade, MO is 0.91%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Walnut Shade at $234,350, the typical annual property tax bill amounts to $2,144, falling below the national median of $2,690. Property taxes in Walnut Shade 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 Walnut Shade'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 Walnut Shade 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
Walnut Shade, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$2,133
Ownwell’s Walnut Shade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walnut Shade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walnut Shade 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 Walnut Shade, Missouri
Property taxes in Walnut Shade, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Walnut Shade is 0.91%, slightly below the U.S. national median of 0.99%. Local government entities within Walnut Shade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walnut Shade 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 Walnut Shade's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65771 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these areas compare with Walnut Shade 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 Walnut Shade Tax Rate
0.91%
Average Christian County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walnut Shade, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65771 | 0.91% | 0.91% | 0.91% | 0.91% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Walnut Shade, Missouri
In Walnut Shade, 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 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 Walnut Shade, 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 Walnut Shade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65771 has both the highest and lowest median tax bill, valued at $2144.
Average Walnut Shade Assessed Value
$234,350
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 Walnut Shade, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65771 | $107,110 | $154,825 | $234,350 | $313,875 | $361,590 |
Source: Ownwell
Property Tax Bills Across Walnut Shade, Missouri
In Walnut Shade, located in Christian County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region experience a wide range of tax bills, with the 25th percentile at $1,413 and the 75th percentile at $2,875. The highest median tax bill in the area is $2,144, which aligns with the lowest median tax bill in the same zip code, 65771. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Walnut Shade might find their tax rates to be more favorable or less burdensome depending on their specific assessed values and local levies. For homeowners, understanding these factors is crucial, as property taxes significantly impact annual expenses and long-term financial planning. Being aware of how these taxes are calculated can help in budgeting and making informed decisions about property ownership in Walnut Shade.
Average Walnut Shade Tax Bill
$2,144
Average Christian County Tax Bill
$1,599
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Walnut Shade, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65771 | $975 | $1,413 | $2,144 | $2,875 | $3,313 |
Source: Ownwell