Amazonia, Missouri Property Taxes
The median property tax rate in Amazonia, MO is 0.93%, slightly below both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $80,421 in Amazonia, the typical annual property tax bill amounts to $752, which is substantially lower than the national median of $2,690. Property taxes in Amazonia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Amazonia'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 Amazonia or another part of Holt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amazonia, 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 Amazonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amazonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amazonia 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 Amazonia, Missouri
Property taxes in Amazonia, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amazonia is 0.93%, which is slightly below the U.S. national median of 0.99%. Local government entities within Amazonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amazonia 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 Amazonia's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64421 zip code has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Amazonia provides valuable insights into the varying tax landscape across Holt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amazonia Tax Rate
0.93%
Average Holt County Tax Rate
1.18%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amazonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64421 | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Amazonia, Missouri
In Amazonia, 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 Holt 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 Amazonia, 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 Amazonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Amazonia is $752, found in the 64421 zip code, which is also the lowest median tax bill in the area.
Average Amazonia Assessed Value
$80,421
Average Holt County Assessed Value
$42,789
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amazonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64421 | $80,421 | $80,421 | $80,421 | $80,421 | $80,421 |
Source: Ownwell
Property Tax Bills Across Amazonia, Missouri
In Amazonia, located in Holt County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by a percentage of the market value of the property. For instance, if the median home price in Amazonia is $80,421, the assessed value is a fraction of this amount, which is then multiplied by the local tax rate to determine the tax bill. Amazonia's property tax rate is relatively moderate compared to the national median property tax rate of 0.99%. Homeowners in Amazonia typically see a median tax bill of $752, regardless of the home's value, as indicated by the consistent figures across the 25th, 75th, and 90th percentiles. This consistency suggests a stable tax environment, which can be beneficial for budgeting and financial planning. Factors such as property improvements or changes in market conditions can affect the assessed value, thereby influencing the tax bill. For homeowners, understanding this calculation is crucial for anticipating annual expenses and managing property-related finances effectively.
Average Amazonia Tax Bill
$752
Average Holt County Tax Bill
$458
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Amazonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64421 | $752 | $752 | $752 | $752 | $752 |
Source: Ownwell