Dixon, Missouri Property Taxes
The median property tax rate in Dixon, MO is 0.83%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Dixon at $77,300, the typical annual property tax bill amounts to $645, significantly below the national median of $2,690. Property taxes in Dixon 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 Dixon'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 Dixon or another part of Maries County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dixon, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$642
Ownwell’s Dixon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dixon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dixon 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 Dixon, Missouri
Property taxes in Dixon, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dixon is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Dixon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dixon 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 Dixon's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65459 has both the highest and lowest median property tax rate of 0.83%. Understanding how these cities compare with Dixon provides valuable insights into the varying tax landscape across Maries County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dixon Tax Rate
0.83%
Average Maries County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dixon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65459 | 0.72% | 0.80% | 0.83% | 0.94% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Dixon, Missouri
In Dixon, 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 Maries County 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. Assessment notices in Dixon 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 Dixon is $77,300. The 25th percentile tax bill is $364, while the 75th percentile tax bill is $1,013, and the 90th percentile tax bill is $1,500. The zip code with the highest and lowest median tax bill is 65459, both at $645. 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 Dixon Assessed Value
$77,300
Average Maries County Assessed Value
$66,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dixon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65459 | $14,240 | $44,500 | $77,300 | $121,400 | $175,700 |
Source: Ownwell
Property Tax Bills Across Dixon, Missouri
In Dixon, located in Maries County, MO, property tax bills are calculated based on the assessed value of a home, which is derived from a percentage of its market value. For homeowners, this means that the local tax authorities first determine the market value of their property and then apply an assessment ratio to arrive at the assessed value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or abatements. For instance, the median home price in Dixon is $77,300. Property tax bills in Dixon can vary significantly, with the 25th percentile at $364 and the 75th percentile at $1,013, while the 90th percentile reaches up to $1,500. Compared to the national median property tax rate of 0.99%, homeowners in Dixon may find their property tax rates to be relatively moderate, providing a balanced approach to funding local services without imposing excessive financial burdens on property owners.
Average Dixon Tax Bill
$645
Average Maries County Tax Bill
$586
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Dixon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65459 | $124 | $364 | $645 | $1,013 | $1,500 |
Source: Ownwell