Osborn, Missouri Property Taxes
The median property tax rate in Osborn, MO is 1.18%, slightly higher than the national median of 0.99% but just below the Missouri state median of 1.20%. With the median home value in Osborn at $135,680, the typical annual property tax bill amounts to $1,545, which is lower than the national median of $2,690. Property taxes in Osborn 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 Osborn'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 Osborn or another part of Clinton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Osborn, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,601
Ownwell’s Osborn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Osborn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Osborn 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 Osborn, Missouri
Property taxes in Osborn, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Osborn is 1.18%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Osborn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Osborn 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 Osborn's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64474 zip code has the highest median property tax rate of 1.18%, while the same 64474 zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Osborn provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Osborn Tax Rate
1.18%
Average Clinton County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Osborn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64474 | 0.99% | 1.08% | 1.18% | 1.32% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Osborn, Missouri
In Osborn, 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 Clinton 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 Osborn, 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 Osborn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Osborn is $135,680, with the highest median tax bill recorded at $1,545 in zip code 64474.
Average Osborn Assessed Value
$135,680
Average Clinton County Assessed Value
$146,110
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Osborn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64474 | $49,009 | $77,638 | $135,680 | $212,885 | $253,749 |
Source: Ownwell
Property Tax Bills Across Osborn, Missouri
In Osborn, located in Clinton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Osborn is $135,680. Property taxes are influenced by several factors, including local tax rates and any applicable exemptions or deductions. The median property tax rate in Osborn is 1.14%, which is higher than the national median of 0.99%. Homeowners in Osborn can expect varying tax bills depending on their property's assessed value. For instance, tax bills at the 25th percentile are around $968, while those at the 75th percentile reach up to $2,290. At the 90th percentile, tax bills can soar to $3,172. These figures illustrate the range of financial responsibilities homeowners face. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Osborn Tax Bill
$1,545
Average Clinton County Tax Bill
$2,005
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Osborn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64474 | $618 | $968 | $1,545 | $2,290 | $3,172 |
Source: Ownwell