Defiance, Missouri Property Taxes
The median property tax rate in Defiance, MO is 0.94%, slightly below the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Defiance at $112,000, the typical annual property tax bill reaches $1,048, which is lower than the national median of $2,690. Property taxes in Defiance are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Defiance'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 Defiance 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
Defiance, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,053
Ownwell’s Defiance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Defiance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Defiance 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 Defiance, Missouri
Property taxes in Defiance, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Defiance is 0.94%, which is lower than the U.S. national median of 0.99%. Local government entities within Defiance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Defiance 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 Defiance's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63341 zip code has the highest median property tax rate of 0.94%, while the same 63341 zip code also has the lowest median tax rate of 0.94%. Understanding how these areas compare with Defiance provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Defiance Tax Rate
0.94%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Defiance, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63341 | 0.81% | 0.86% | 0.94% | 2.07% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Defiance, Missouri
In Defiance, 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 Morgan County Assessor 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 Defiance, 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 Defiance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1048, found in the 63341 zip code.
Average Defiance Assessed Value
$112,000
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Defiance, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63341 | $23,280 | $56,550 | $112,000 | $123,150 | $129,840 |
Source: Ownwell
Property Tax Bills Across Defiance, Missouri
In Defiance, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically represents a percentage of the market value of the property. For example, with a median home price of $112,000, the assessed value is a fraction of this amount. The tax rate is then applied to the assessed value to determine the annual property tax bill. Several factors influence the tax bill, including the property's location, its assessed value, and the specific tax rates set by local authorities. In Defiance, property tax bills can vary significantly, with the 25th percentile at $542 and the 75th percentile at $1051. This variability can impact homeowners differently, depending on their property's assessed value and the applicable tax rates. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Defiance might find their tax bills to be relatively moderate. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Defiance Tax Bill
$1,048
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Defiance, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63341 | $238 | $542 | $1,048 | $1,051 | $1,053 |
Source: Ownwell