Powell, Missouri Property Taxes
The median property tax rate in Powell, MO is 0.79%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Powell at $64,555, the typical annual property tax bill amounts to $482, which is well below the national median of $2,690. Property taxes in Powell are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Powell'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 Powell 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
Powell, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$510
Ownwell’s Powell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Powell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Powell 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 Powell, Missouri
Property taxes in Powell, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Powell is 0.79%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Powell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Powell 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 Powell's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65730 zip code has both the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with Powell 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 Powell Tax Rate
0.79%
Average Mcdonald County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Powell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65730 | 0.69% | 0.75% | 0.79% | 0.81% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Powell, Missouri
In Powell, 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 McDonald 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. In Powell, 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 Powell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with both the highest and lowest median tax bills is 65730, with a median tax bill of $482.
Average Powell Assessed Value
$64,555
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 Powell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65730 | $25,824 | $35,648 | $64,555 | $100,832 | $181,297 |
Source: Ownwell
Property Tax Bills Across Powell, Missouri
In Powell, McDonald County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Powell is $64,555. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $269 and the 75th percentile at $779. The tax bill can reach up to $1,235 for those in the 90th percentile. Factors that influence the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Powell's tax rates reflect a relatively moderate burden on homeowners. The highest and lowest median tax bills in Powell are both $482, found in the 65730 zip code. This consistency suggests a stable property tax environment. For homeowners, understanding these factors is crucial for financial planning and long-term investment in their property.
Average Powell Tax Bill
$482
Average Mcdonald County Tax Bill
$473
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Powell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65730 | $167 | $269 | $482 | $779 | $1,235 |
Source: Ownwell