Anderson, Missouri Property Taxes
The median property tax rate in Anderson, MO is 0.75%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Anderson, the typical annual property tax bill amounts to $233, well below the national median of $2,690. Property taxes in Anderson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Anderson'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 Anderson 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
Anderson, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$233
Ownwell’s Anderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anderson 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 Anderson, Missouri
Property taxes in Anderson, Missouri, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Anderson is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Anderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anderson 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 Anderson's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64831 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Anderson provides valuable insights into the varying tax landscape across Howell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anderson Tax Rate
0.75%
Average Howell County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anderson, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64831 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Anderson, Missouri
In Anderson, 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 Howell 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 Anderson, 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 Anderson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64831 has the highest median tax bill at $233, which is also the lowest median tax bill in the area.
Average Anderson Assessed Value
$31,020
Average Howell County Assessed Value
$81,680
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anderson, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64831 | $31,020 | $31,020 | $31,020 | $31,020 | $31,020 |
Source: Ownwell
Property Tax Bills Across Anderson, Missouri
In Anderson, located in Howell County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by county assessors through periodic evaluations. For homeowners in Anderson, the median home price stands at $31,020. The property tax rate in Howell County is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions. In Anderson, the property tax rate is relatively modest compared to the national median property tax rate of 0.99%. As a result, homeowners can expect their tax bills to be around $233, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This consistent tax bill can significantly affect homeowners by providing a predictable annual expense, allowing for better financial planning. However, it’s essential for homeowners to stay informed about any changes in property assessments and tax rates to avoid unexpected increases.
Average Anderson Tax Bill
$233
Average Howell County Tax Bill
$607
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Anderson, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64831 | $233 | $233 | $233 | $233 | $233 |
Source: Ownwell