Wardell, Missouri Property Taxes
The median property tax rate in Wardell, MO is 0.92%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Wardell at $45,950, the typical annual property tax bill is $412, significantly below the national median of $2,690. Property taxes in Wardell 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 Wardell'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 Wardell or another part of New Madrid County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wardell, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$423
Ownwell’s Wardell Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Wardell. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Wardell to provide an accurate estimate of your property tax bill. This insightful tool allows you to understand your potential tax liabilities better. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by New Madrid County, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Wardell, Missouri
Property taxes in Wardell, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wardell is 0.92%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Wardell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wardell 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 Wardell's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63879 has both the highest and lowest median property tax rate of 0.92%, indicating uniformity in property tax rates across the area. Understanding how these cities compare with Wardell provides valuable insights into the varying tax landscape across New Madrid County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wardell Tax Rate
0.92%
Average New Madrid County Tax Rate
0.94%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wardell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63879 | 0.89% | 0.91% | 0.92% | 0.92% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Wardell, Missouri
In Wardell, 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 New Madrid 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 Wardell, 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. The median home price in Wardell is $45,950, with tax bills ranging from $234 at the 25th percentile to $655 at the 90th percentile. Notably, the zip code 63879 has both the highest and lowest median tax bill at $412. 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 Wardell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wardell Assessed Value
$45,950
Average New Madrid County Assessed Value
$54,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wardell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63879 | $12,330 | $25,425 | $45,950 | $63,800 | $72,080 |
Source: Ownwell
Property Tax Bills Across Wardell, Missouri
In Wardell, located in New Madrid County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate. For instance, the median home price in Wardell is $45,950. Property tax bills can vary significantly, with the 25th percentile at $234 and the 75th percentile at $570. At the 90th percentile, homeowners might see tax bills around $655. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Wardell's property tax rates offer a relatively affordable option for homeowners. This affordability can ease the financial burden on residents, making homeownership more accessible. However, it's crucial for homeowners to stay informed about any changes in property assessments or tax rates to manage their expenses effectively.
Average Wardell Tax Bill
$412
Average New Madrid County Tax Bill
$513
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wardell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63879 | $114 | $234 | $412 | $570 | $655 |
Source: Ownwell