Urich, Missouri Property Taxes
The median property tax rate in Urich, MO is 1.19%, slightly above the national median of 0.99% but just below the Missouri state median of 1.20%. With a median home value in Urich, the typical annual property tax bill is $458, which is significantly lower than the national median of $2,690. Property taxes in Urich are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Urich'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 Urich 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
Urich, 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 Urich Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Urich with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Urich 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 Henry County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Urich, Missouri
Property taxes in Urich, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Urich is 1.19%, significantly higher than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Urich set these rates annually, and they can vary significantly across different neighborhoods. Each year, Urich 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 Urich's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64788 has the highest median property tax rate of 1.19%, while the same zip code 64788 also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Urich provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Urich Tax Rate
1.19%
Average Henry County Tax Rate
0.95%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Urich, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64788 | 0.97% | 1.08% | 1.19% | 1.28% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Urich, Missouri
In Urich, 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 Henry County Assessor 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 Urich, 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 Urich helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Urich, the zip code with the highest median tax bill is 64788, with a median tax bill of $458.00.
Average Urich Assessed Value
$29,600
Average Henry County Assessed Value
$36,250
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Urich, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64788 | $5,300 | $11,400 | $29,600 | $71,800 | $132,900 |
Source: Ownwell
Property Tax Bills Across Urich, Missouri
In Urich, Henry County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property, and this value is then multiplied by the local tax rate to determine the property tax bill. For example, with a median home price of $29,600, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property location, improvements, and exemptions also play a role in determining the final tax bill. In Urich, the tax bills can range significantly, with the 25th percentile at $125 and the 75th percentile at $867. The 90th percentile tax bill reaches up to $1,645, indicating considerable variability based on property specifics. These property taxes are crucial for funding local services, including schools and infrastructure, impacting homeowners by contributing to the overall cost of homeownership.
Average Urich Tax Bill
$458
Average Henry County Tax Bill
$369
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Urich, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64788 | $70 | $125 | $458 | $867 | $1,645 |
Source: Ownwell