Altenburg, Missouri Property Taxes
The median property tax rate in Altenburg, MO is 0.98%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With a median home value of $100,320 in Altenburg, the typical annual property tax bill is approximately $934, which is well below the national median of $2,690. Property taxes in Altenburg are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Altenburg'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 Altenburg or elsewhere in Perry County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Altenburg, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$983
Ownwell’s Altenburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Altenburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Altenburg 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 Altenburg, Missouri
Property taxes in Altenburg, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Altenburg is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Altenburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Altenburg 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 Altenburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63732 has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Altenburg provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Altenburg Tax Rate
0.98%
Average Perry County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Altenburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63732 | 0.77% | 0.85% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Altenburg, Missouri
In Altenburg, 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 Perry 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 Altenburg, 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 Altenburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Altenburg is $100,320, with median tax bills ranging from $675 at the 25th percentile to $1,785 at the 90th percentile. Interestingly, the zip code 63732 holds both the highest and lowest median tax bills at $934.
Average Altenburg Assessed Value
$100,320
Average Perry County Assessed Value
$121,185
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Altenburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63732 | $40,407 | $67,539 | $100,320 | $140,748 | $196,136 |
Source: Ownwell
Property Tax Bills Across Altenburg, Missouri
In Altenburg, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, and this percentage can vary. Once the assessed value is established, it is multiplied by the local property tax rate to calculate the annual tax bill. For example, with a median home price of $100,320, homeowners can expect a tax bill that falls within a range, depending on various factors such as exemptions or specific local rates. In Perry County, where Altenburg is located, property tax bills can vary significantly. The tax bill at the 25th percentile is $675, while at the 75th percentile, it rises to $1,283. For those at the 90th percentile, the tax bill can be as high as $1,785. These figures illustrate the range of property tax burdens homeowners may face, influenced by the assessed value and applicable tax rates. Comparing this with the national median property tax rate of 0.99%, Altenburg's property taxes reflect the local economic and property market conditions.
Average Altenburg Tax Bill
$934
Average Perry County Tax Bill
$1,096
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Altenburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63732 | $323 | $675 | $934 | $1,283 | $1,785 |
Source: Ownwell