Sedgewickville, Missouri Property Taxes
The median property tax rate in Sedgewickville, MO is 0.84%, lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $103,476 in Sedgewickville, the typical annual property tax bill is $871, significantly below the national median of $2,690. Property taxes in Sedgewickville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sedgewickville'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 Sedgewickville or another part of Perry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sedgewickville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$869
Ownwell’s Sedgewickville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sedgewickville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sedgewickville 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 Sedgewickville, Missouri
Property taxes in Sedgewickville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedgewickville is 0.84%, which is lower than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Sedgewickville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sedgewickville 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 Sedgewickville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63781 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Sedgewickville 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 Sedgewickville Tax Rate
0.84%
Average Perry County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sedgewickville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63781 | 0.59% | 0.74% | 0.84% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Sedgewickville, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sedgewickville, Missouri. 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 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. Assessment notices in Sedgewickville 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. For example, the median home price in Sedgewickville is $103,476, with tax bills ranging from $460 at the 25th percentile to $1,516 at the 90th percentile. The zip code 63781 has both the highest and lowest median tax bill, recorded at $871. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sedgewickville, Missouri
Source: Ownwell
$14,408
$153,046
$291,684
Average Sedgewickville Assessed Value
$103,476
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 Sedgewickville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63781 | $28,924 | $55,448 | $103,476 | $140,914 | $179,300 |
Source: Ownwell
Property Tax Bills Across Sedgewickville, Missouri
In Sedgewickville, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, the median home price in Sedgewickville is $103,476, and property tax bills can vary significantly. Homeowners in the 25th percentile might pay around $460 annually, while those in the 75th percentile could see bills as high as $1,038. At the 90th percentile, tax bills can reach $1,516. This variability highlights how property characteristics and local tax rates impact what homeowners owe. Compared to the national median property tax rate of 0.99%, the rates in Perry County, where Sedgewickville is located, reflect a range of tax liabilities, emphasizing the importance of understanding local tax assessments.
Average Sedgewickville Tax Bill
$871
Average Perry County Tax Bill
$1,096
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedgewickville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63781 | $179 | $460 | $871 | $1,038 | $1,516 |
Source: Ownwell