Shaw, Missouri Property Taxes
The median property tax rate in Shaw, MO is 0.86%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Shaw at $84,150, the typical annual property tax bill amounts to $742, significantly below the national median of $2,690. Property taxes in Shaw are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Shaw's property tax system and exploring available exemptions can lead to considerable annual savings. Whether you're in the heart of Shaw or another part of the city, being well-versed in the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Shaw, 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 SHAW Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in SHAW using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SHAW to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed information, scrolling down reveals trends at the neighborhood level. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Shaw, Missouri
Property taxes in Shaw, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shaw is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Shaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shaw 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 Shaw's effective property tax rate to other regions in Missouri and the national median. For comparison, the zip code 65202 has both the highest and lowest median property tax rate of 0.86%. Understanding how these areas compare with Shaw 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 Shaw Tax Rate
0.86%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shaw, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65202 | 0.84% | 0.85% | 0.86% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Shaw, Missouri
In SHAW, 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 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 SHAW, 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 SHAW helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65202 has the highest median tax bill at $742, while the lowest median tax bill is also $742 in the same zip code, reflecting a consistent tax burden across the area.
Average Shaw Assessed Value
$84,150
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 Shaw, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65202 | $12,590 | $12,725 | $84,150 | $173,600 | $206,180 |
Source: Ownwell
Property Tax Bills Across Shaw, Missouri
In SHAW, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For instance, if the median home price is $84,150, the assessed value is determined by applying the county's assessment ratio to this figure. The property tax rate is then applied to the assessed value to determine the tax bill. Several factors influence the final tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in SHAW can expect their tax bills to vary significantly, with the 25th percentile tax bill at $107 and the 75th percentile reaching $1,531. For those in the 90th percentile, the tax bill can go up to $1,806. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, and thus, significantly impact homeowners by contributing to the overall cost of homeownership. Understanding this calculation helps homeowners plan their finances better and potentially seek appeals if they believe their property has been over-assessed.
Average Shaw Tax Bill
$742
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Shaw, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65202 | $106 | $107 | $742 | $1,531 | $1,806 |
Source: Ownwell