Anderson, Missouri Property Taxes
The median property tax rate in Anderson, MO is 0.75%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value in Anderson, the typical annual property tax bill amounts to $481, significantly 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 such as primary residence and agricultural exemptions. Understanding Anderson'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 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
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Anderson Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to 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 vital in funding essential 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 zip code 64831 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 McDonald County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anderson Tax Rate
0.75%
Average Mcdonald 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 | 0.69% | 0.74% | 0.75% | 0.75% | 0.76% |
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 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 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 highest and lowest median tax bill in Anderson is $481.00, both in the zip code 64831.
Average Anderson Assessed Value
$66,130
Average Mcdonald County Assessed Value
$63,020
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 | $24,943 | $40,882 | $66,130 | $107,194 | $161,802 |
Source: Ownwell
Property Tax Bills Across Anderson, Missouri
In Anderson, located in McDonald County, MO, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, determined by the local assessor's office. The property tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's market value and any applicable exemptions or abatements. For instance, a median home price in Anderson is $66,130, with tax bills ranging from $292 at the 25th percentile to $1,186 at the 90th percentile. The median tax bill stands at $481, which is significantly lower than the national median property tax rate of 0.99%. These property tax bills directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Lower tax rates in Anderson can make homeownership more affordable, but they also mean that local services may rely on a smaller budget compared to areas with higher property taxes.
Average Anderson Tax Bill
$481
Average Mcdonald County Tax Bill
$473
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 | $181 | $292 | $481 | $777 | $1,186 |
Source: Ownwell