Duquesne, Missouri Property Taxes
The median property tax rate in Duquesne, MO is 0.90%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Duquesne, the typical annual property tax bill is $46, significantly below the national median of $2,690. Property taxes in Duquesne 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 Duquesne'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 Duquesne 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
Duquesne, 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 Duquesne Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Duquesne. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Duquesne to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, making financial planning easier. For those interested in more detailed insights, scrolling down reveals trends at the neighborhood level. Your property’s assessed value, determined by Jasper County, includes any applicable exemptions, ensuring a comprehensive estimate tailored to your specific circumstances.
Property Tax Rates Across Duquesne, Missouri
Property taxes in Duquesne, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Duquesne is 0.90%, which is below the U.S. national median of 0.99%. Local government entities within Duquesne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duquesne 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 Duquesne's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64801 has both the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Duquesne provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duquesne Tax Rate
0.90%
Average Jasper County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duquesne, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64801 | 0.77% | 0.90% | 0.90% | 0.90% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Duquesne, Missouri
In Duquesne, 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 Jasper 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 Duquesne, 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 Duquesne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Duquesne, the tax bills range significantly, with the 25th percentile paying around $28 and the 90th percentile paying up to $155, highlighting the importance of understanding and managing property tax assessments.
Average Duquesne Assessed Value
$7,160
Average Jasper County Assessed Value
$82,940
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Duquesne, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64801 | $2,728 | $3,135 | $7,160 | $8,945 | $16,676 |
Source: Ownwell
Property Tax Bills Across Duquesne, Missouri
In Duquesne, MO, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of its market value. For homeowners in Jasper County, the median home price is $7,160. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Duquesne experience varying tax bills; the 25th percentile tax bill is $28, while the 75th percentile reaches $77, and those in the 90th percentile see bills around $155. These figures highlight the range of property tax obligations in the area. Comparatively, the national median property tax rate is 0.99%, which can help homeowners understand their tax burden relative to other regions. The variability in tax bills underscores the importance of accurate property assessments and the potential impact on homeowners' finances.
Average Duquesne Tax Bill
$46
Average Jasper County Tax Bill
$737
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Duquesne, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64801 | $25 | $28 | $46 | $77 | $155 |
Source: Ownwell