Ava, Missouri Property Taxes
The median property tax rate in Ava, MO is 0.68%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Ava, the typical annual property tax bill reaches $283, significantly below the national median of $2,690. Property taxes in Ava are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ava'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 Ava 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
Ava, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$297
Ownwell’s AVA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in AVA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in AVA 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 Ava, Missouri
Property taxes in Ava, Missouri, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Ava is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Ava set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ava 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 Ava's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65608 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Ava provides valuable insights into the varying tax landscape across Ozark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ava Tax Rate
0.68%
Average Ozark County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ava, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65608 | 0.59% | 0.63% | 0.68% | 0.74% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Ava, Missouri
In Ava, 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 Ozark 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 Ava, 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 Ava helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65608 in Ava has the highest and lowest median tax bill, both at $283, offering a unique snapshot into the uniformity of property tax assessments in the area.
Average Ava Assessed Value
$43,700
Average Ozark County Assessed Value
$64,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ava, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65608 | $30,400 | $36,050 | $43,700 | $74,375 | $118,500 |
Source: Ownwell
Property Tax Bills Across Ava, Missouri
In AVA, located in Ozark County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in this region see property tax bills that vary significantly depending on their property's assessed value. For instance, the median home price in AVA is $43,700. Property tax bills fall within a range, with the 25th percentile at $234 and the 75th percentile at $529, while the 90th percentile reaches $911. This variability in tax bills means that homeowners with higher-valued properties will pay more in taxes, reflecting the assessed value's influence. The highest and lowest median tax bills in the area are both $283, indicating some consistency within specific zip codes. Compared to the national median property tax rate of 0.99%, homeowners in AVA may find their tax rates relatively manageable, but it's crucial to consider how these taxes impact overall housing costs and affordability.
Average Ava Tax Bill
$283
Average Ozark County Tax Bill
$481
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ava, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65608 | $209 | $234 | $283 | $529 | $911 |
Source: Ownwell