Whiteoak, Missouri Property Taxes
The median property tax rate in Whiteoak, MO is 0.89%, which is notably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $22,320 in Whiteoak, the typical annual property tax bill amounts to $196, significantly less than the national median of $2,690. Property taxes in Whiteoak 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. Gaining a thorough understanding of Whiteoak'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 Whiteoak 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
Whiteoak, 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 Whiteoak Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whiteoak with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whiteoak 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 Whiteoak, Missouri
Property taxes in Whiteoak, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Whiteoak is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Whiteoak set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whiteoak 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 Whiteoak's effective property tax rate to other areas in Dunklin County and the national median. For comparison, the zip code 63880 has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with Whiteoak 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 Whiteoak Tax Rate
0.89%
Average Dunklin County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whiteoak, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63880 | 0.86% | 0.86% | 0.89% | 0.95% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Whiteoak, Missouri
In Whiteoak, 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 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 Whiteoak, 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. The median home price in Whiteoak is $22,320, with tax bills ranging from $41 at the 25th percentile to $601 at the 90th percentile. The zip code 63880 has both the highest and lowest median tax bill, each at $196. By understanding 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 Whiteoak helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whiteoak Assessed Value
$22,320
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 Whiteoak, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63880 | $1,864 | $4,300 | $22,320 | $40,620 | $69,626 |
Source: Ownwell
Property Tax Bills Across Whiteoak, Missouri
In Whiteoak, Dunklin County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by a local assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Whiteoak experience a range of property tax bills, influenced by factors such as property size, location, and market conditions. For instance, the 25th percentile tax bill is around $41, while the 75th percentile reaches $351, and the 90th percentile can be as high as $601. Compared to the national median property tax rate of 0.99%, Whiteoak’s property tax rates can vary significantly. The highest median tax bill recorded in the area is $196, which is relatively modest. These tax bills directly impact homeowners by influencing their annual financial planning and overall cost of homeownership. Understanding how these factors interplay can help residents anticipate their property tax obligations and make informed decisions about their real estate investments.
Average Whiteoak Tax Bill
$196
Average Dunklin County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Whiteoak, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63880 | $18 | $41 | $196 | $351 | $601 |
Source: Ownwell