Wardell, Missouri Property Taxes
The median property tax rate in Wardell, MO is 1.04%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $14,520 in Wardell, the typical annual property tax bill is $158, which is significantly below the national median of $2,690. Property taxes in Wardell are calculated based on the 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 Pemiscot 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
1.04%
Estimate Property Tax Bill
$151
Ownwell’s Wardell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wardell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wardell 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 Wardell, Missouri
Property taxes in Wardell, Missouri, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Wardell is 1.04%, higher 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 63879 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Wardell provides valuable insights into the varying tax landscape across Pemiscot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wardell Tax Rate
1.04%
Average Pemiscot County Tax Rate
1.14%
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 | 0.94% | 0.97% | 1.04% | 1.17% | 1.37% |
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 Pemiscot 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. 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. The highest median tax bill in Wardell is $158.00 in zip code 63879, while the lowest median tax bill is also $158.00 in the same zip code.
Average Wardell Assessed Value
$14,520
Average Pemiscot County Assessed Value
$27,370
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 | $4,452 | $7,250 | $14,520 | $24,040 | $43,580 |
Source: Ownwell
Property Tax Bills Across Wardell, Missouri
In Wardell, Pemiscot County, MO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is then used to calculate the tax owed. Factors such as property size, location, and improvements can influence the assessed value, and subsequently, the tax bill. For homeowners in Wardell, the median home price stands at $14,520. Property tax bills can vary significantly, with the 25th percentile at $78, the 75th percentile at $256, and the 90th percentile reaching up to $422. The highest median tax bill in the area is $158, which aligns with the lowest median tax bill, indicating a relatively uniform tax rate across the region. Compared to the national median property tax rate of 0.99%, Wardell's property tax rates are relatively modest, offering homeowners a more manageable tax burden. This can significantly impact homeowners by providing financial relief and making homeownership more affordable.
Average Wardell Tax Bill
$158
Average Pemiscot County Tax Bill
$320
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 | $59 | $78 | $158 | $256 | $422 |
Source: Ownwell