Stoutland, Missouri Property Taxes
The median property tax rate in Stoutland, MO is 0.78%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Stoutland at $52,800, the typical annual property tax bill reaches $406, significantly below the national median of $2,690. Property taxes in Stoutland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Stoutland'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 Stoutland 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
Stoutland, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$412
Ownwell’s Stoutland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stoutland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stoutland 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 Stoutland, Missouri
Property taxes in Stoutland, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stoutland is 0.78%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Stoutland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stoutland 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 Stoutland's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65567 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these areas compare with Stoutland provides valuable insights into the varying tax landscape across Laclede County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stoutland Tax Rate
0.78%
Average Laclede County Tax Rate
1.10%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stoutland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65567 | 0.71% | 0.74% | 0.78% | 0.79% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Stoutland, Missouri
In Stoutland, 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 local appraisal district 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 Stoutland, 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. The median home price in Stoutland is $52,800, with tax bills ranging significantly. For instance, the tax bill at the 25th percentile is $274, while the 75th percentile reaches $712, and the 90th percentile can go up to $1,086. The highest and lowest median tax bills are both $406, found in the 65567 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stoutland Assessed Value
$52,800
Average Laclede County Assessed Value
$72,400
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stoutland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65567 | $17,880 | $34,700 | $52,800 | $89,150 | $145,660 |
Source: Ownwell
Property Tax Bills Across Stoutland, Missouri
In Stoutland, MO, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Laclede County. The assessed value is typically a percentage of the property's market value, which in Stoutland has a median home price of $52,800. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Factors that influence the tax bill include the property's assessed value, any applicable exemptions, and the specific tax rate in the area. For instance, property tax bills in Stoutland range widely, with the 25th percentile at $274 and the 75th percentile at $712, reflecting differences in property values and exemptions. The 90th percentile tax bill can go up to $1,086, indicating higher-value properties or fewer exemptions. These property taxes significantly impact homeowners by contributing to local services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Stoutland homeowners may find their rates relatively manageable, depending on their property's assessed value and applicable exemptions.
Average Stoutland Tax Bill
$406
Average Laclede County Tax Bill
$742
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Stoutland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65567 | $147 | $274 | $406 | $712 | $1,086 |
Source: Ownwell