Rosebud, Missouri Property Taxes
The median property tax rate in Rosebud, MO is 0.98%, slightly lower than the national median of 0.99% and considerably lower than the Missouri state median of 1.20%. With the median home value in Rosebud at $162,140, the typical annual property tax bill amounts to $1,563, which is below the national median of $2,690. Property taxes in Rosebud are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Rosebud'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 Rosebud 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
Rosebud, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,589
Ownwell’s Rosebud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosebud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosebud 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 Rosebud, Missouri
Property taxes in Rosebud, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosebud is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Rosebud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosebud 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 Rosebud's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63091 has both the highest and lowest median property tax rate in the county, standing at 0.98%. Understanding how these areas compare with Rosebud provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosebud Tax Rate
0.98%
Average Franklin County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosebud, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63091 | 0.89% | 0.93% | 0.98% | 1.02% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Rosebud, Missouri
In Rosebud, 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 Franklin 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 Rosebud, 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 Rosebud helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Rosebud is $1,563 in the 63091 zip code, while the lowest median tax bill is also $1,563 in the same zip code.
Average Rosebud Assessed Value
$162,140
Average Franklin County Assessed Value
$143,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosebud, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63091 | $39,528 | $105,980 | $162,140 | $223,005 | $249,488 |
Source: Ownwell
Property Tax Bills Across Rosebud, Missouri
In Rosebud, located in Franklin 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 Rosebud is $162,140. Local tax rates are then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location within specific school districts or municipalities that may levy additional taxes. For homeowners, understanding these factors is crucial as they directly impact the amount they owe. In Rosebud, the tax bill at the 25th percentile is $1,123, while at the 75th percentile, it reaches $2,206. The 90th percentile sees tax bills as high as $2,436. Compared to the national median property tax rate of 0.99%, Rosebud's rates reflect the local government's funding needs and community services. This variation means homeowners must stay informed about their property's assessed value and any changes in local tax rates to manage their annual tax obligations effectively.
Average Rosebud Tax Bill
$1,563
Average Franklin County Tax Bill
$1,687
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosebud, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63091 | $457 | $1,123 | $1,563 | $2,206 | $2,436 |
Source: Ownwell