Rocky Comfort, Missouri Property Taxes
The median property tax rate in Rocky Comfort, MO is 1.09%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $45,600 in Rocky Comfort, the typical annual property tax bill comes to $456, which is significantly below the national median of $2,690. Property taxes in Rocky Comfort are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Rocky Comfort's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rocky Comfort or another part of Newton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rocky Comfort, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$497
Ownwell’s Rocky Comfort Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rocky Comfort with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rocky Comfort 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 Rocky Comfort, Missouri
Property taxes in Rocky Comfort, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rocky Comfort is 1.09%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Rocky Comfort set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rocky Comfort 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 Rocky Comfort's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64861 zip code has the highest median property tax rate of 1.09%, while the 64861 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Rocky Comfort provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rocky Comfort Tax Rate
1.09%
Average Newton County Tax Rate
1.09%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rocky Comfort, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64861 | 0.94% | 1.00% | 1.09% | 1.10% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Rocky Comfort, Missouri
In Rocky Comfort, 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 Newton 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 Rocky Comfort, 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 Rocky Comfort helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 64861, both at $456, reflecting the local property value trends.
Average Rocky Comfort Assessed Value
$45,600
Average Newton County Assessed Value
$71,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rocky Comfort, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64861 | $9,650 | $30,350 | $45,600 | $55,075 | $92,290 |
Source: Ownwell
Property Tax Bills Across Rocky Comfort, Missouri
In Rocky Comfort, located in Newton County, MO, property tax bills are determined based on the assessed value of the property. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. For example, with a median home price of $45,600, homeowners can expect a tax bill around $456, aligning with the median property tax rate in the area. Factors such as property size, location, and any improvements or renovations can impact the assessed value and, consequently, the tax bill. In Rocky Comfort, the 25th percentile tax bill is $351, while the 75th percentile tax bill is $587, and the 90th percentile tax bill can reach up to $1,002. These variations highlight how different property characteristics and local tax rates can significantly influence the amount homeowners owe. Understanding these factors can help homeowners better anticipate their property tax obligations and plan accordingly, ensuring they are not caught off guard by unexpected tax bills.
Average Rocky Comfort Tax Bill
$456
Average Newton County Tax Bill
$791
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rocky Comfort, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64861 | $111 | $351 | $456 | $587 | $1,002 |
Source: Ownwell