Purcell, Missouri Property Taxes
The median property tax rate in Purcell, MO is 0.96%, slightly lower than the national median of 0.99% and significantly below Missouri's state median of 1.20%. With the median home value in Purcell at $54,365, the typical annual property tax bill is $526, which is considerably less than the national median of $2,690. Property taxes in Purcell are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Purcell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're situated in the heart of Purcell or another part of Jasper County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Purcell, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$522
Ownwell’s Purcell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Purcell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Purcell 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 Purcell, Missouri
Property taxes in Purcell, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Purcell is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Purcell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Purcell 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 Purcell's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64857 zip code has the highest median property tax rate of 0.96%, while the 64857 zip code also has the lowest median tax rate of 0.96%. Understanding how these cities compare with Purcell 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 Purcell Tax Rate
0.96%
Average Jasper County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Purcell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64857 | 0.93% | 0.95% | 0.96% | 0.98% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Purcell, Missouri
In Purcell, 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’s Office 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 Purcell, 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 Purcell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $526 in the 64857 zip code.
Average Purcell Assessed Value
$54,365
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 Purcell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64857 | $17,382 | $29,675 | $54,365 | $81,452 | $109,975 |
Source: Ownwell
Property Tax Bills Across Purcell, Missouri
In Purcell, located in Jasper County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Purcell typically experience property tax bills that vary widely depending on their property's assessed value. For instance, the 25th percentile tax bill is around $268, while the 75th percentile reaches up to $783, and the 90th percentile can be as high as $1,041. These tax bills are influenced by several factors, including the market value of the property, the assessment rate set by the county, and the local tax rate. Compared to the national median property tax rate of 0.99%, homeowners in Purcell may find their tax bills to be relatively moderate. Understanding these factors can help homeowners anticipate their annual property tax expenses and budget accordingly.
Average Purcell Tax Bill
$526
Average Jasper County Tax Bill
$737
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Purcell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64857 | $170 | $268 | $526 | $783 | $1,041 |
Source: Ownwell