Powersville, Missouri Property Taxes
The median property tax rate in Powersville, MO is 0.90%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $97,878 in Powersville, the typical annual property tax bill amounts to $1,322, significantly below the national median of $2,690. Property taxes in Powersville are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Powersville'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 Powersville 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
Powersville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$881
Ownwell’s Powersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Powersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Powersville 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 Powersville, Missouri
Property taxes in Powersville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Powersville is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Powersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Powersville 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 Powersville's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64672 has both the highest and lowest median property tax rate in Mercer County, standing at 0.90%. Understanding how these cities compare with Powersville provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Powersville Tax Rate
0.90%
Average Mercer County Tax Rate
1.37%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Powersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64672 | 0.89% | 0.89% | 0.90% | 1.20% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Powersville, Missouri
In Powersville, 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 Powersville, 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 Powersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is found in the 64672 zip code, amounting to $1,322, while the lowest is also $1,322 in the same zip code.
Average Powersville Assessed Value
$97,878
Average Mercer County Assessed Value
$30,001
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Powersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64672 | $38,188 | $64,912 | $97,878 | $1,088,294 | $1,540,432 |
Source: Ownwell
Property Tax Bills Across Powersville, Missouri
In Powersville, 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 the area stands at $97,878. Property taxes are then determined by applying the local tax rate to this assessed value. For context, the national median property tax rate is 0.99%, and Powersville falls within Mercer County. Several factors influence the final tax bill. These include the property's location, size, and any exemptions that may apply. Homeowners in the 25th percentile can expect a tax bill around $695, while those in the 75th percentile might see bills closer to $9,781. At the higher end, the 90th percentile tax bill can reach up to $13,673. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners better manage their financial planning.
Average Powersville Tax Bill
$1,322
Average Mercer County Tax Bill
$364
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Powersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64672 | $347 | $695 | $1,322 | $9,781 | $13,673 |
Source: Ownwell