Rives, Missouri Property Taxes
The median property tax rate in Rives, MO is 0.87%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Rives at $7,250, the typical annual property tax bill amounts to $62, significantly below the national median of $2,690. Property taxes in Rives are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Rives' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rives or another part of Dunklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rives, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$63
Ownwell’s Rives Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rives with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rives 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 Rives, Missouri
Property taxes in Rives, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rives is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Rives set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rives 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 Rives' effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63875 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Rives provides valuable insights into the varying tax landscape across Dunklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rives Tax Rate
0.87%
Average Dunklin County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rives, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63875 | 0.75% | 0.85% | 0.87% | 0.93% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Rives, Missouri
In Rives, 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 Dunklin County Assessor's Office 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 Rives, 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. For example, homeowners in the zip codes with the highest tax bills may pay up to $259 annually, while those in areas with lower tax bills might pay around $23. 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 Rives helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rives Assessed Value
$7,250
Average Dunklin County Assessed Value
$33,875
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rives, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63875 | $1,240 | $2,500 | $7,250 | $20,750 | $36,842 |
Source: Ownwell
Property Tax Bills Across Rives, Missouri
In Rives, located in Dunklin County, MO, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the county assessor and represents a percentage of the property's market value. For homeowners in Rives, understanding this process is crucial as it directly impacts their annual tax bill. Several factors contribute to determining the tax bill, including the assessed value, local tax rates, and any applicable exemptions. The median home price in Rives is $7,250, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $23, while the 75th percentile reaches $195, and the 90th percentile can be as high as $259. These figures illustrate the range of property taxes homeowners might expect. Compared to the national median property tax rate of 0.99%, Rives' property tax rates can be quite variable, reflecting the local economic conditions and property values. Homeowners must stay informed about their property's assessed value and any changes in local tax rates to manage their financial planning effectively.
Average Rives Tax Bill
$62
Average Dunklin County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rives, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63875 | $11 | $23 | $62 | $195 | $259 |
Source: Ownwell