Dearborn, Missouri Property Taxes
The median property tax rate in Dearborn, MO is 1.26%, which is notably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $143,742 in Dearborn, the typical annual property tax bill amounts to $1,839, surpassing the national median of $2,690. Property taxes in Dearborn are calculated based on the assessed value, which generally falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Dearborn'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 Dearborn or another part of Platte County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dearborn, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,811
Ownwell’s Dearborn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dearborn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dearborn 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 Dearborn, Missouri
Property taxes in Dearborn, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Dearborn is 1.15%, higher than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Dearborn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dearborn 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 Dearborn's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64439 zip code has the highest median property tax rate of 1.15%, while the same zip code has the lowest median tax rate of 1.15%. Understanding how these cities compare with Dearborn provides valuable insights into the varying tax landscape across Platte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dearborn Tax Rate
1.26%
Average Platte County Tax Rate
1.45%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dearborn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64439 | 1.17% | 1.25% | 1.26% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Dearborn, Missouri
In Dearborn, 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 Platte 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 Dearborn, 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. The zip code with the highest median tax bill is 64439, with a tax bill of $1,839, which is significantly below the national median property tax rate of 0.99%. Being aware of these valuation processes in Dearborn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dearborn Assessed Value
$143,742
Average Platte County Assessed Value
$243,632
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dearborn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64439 | $78,260 | $102,568 | $143,742 | $187,628 | $239,450 |
Source: Ownwell
Property Tax Bills Across Dearborn, Missouri
In Dearborn, Platte County, MO, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county assessor. Various factors such as property size, location, and improvements can influence this assessed value. Homeowners in Dearborn face a range of property tax bills. For instance, the 25th percentile tax bill is $1,347, while the 75th percentile tax bill rises to $2,375, and those in the 90th percentile can expect to pay around $2,978. Comparatively, the national median property tax rate is 0.99%, making Dearborn's tax rates relatively moderate. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners anticipate their financial obligations and plan accordingly.
Average Dearborn Tax Bill
$1,839
Average Platte County Tax Bill
$3,540
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Dearborn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64439 | $989 | $1,347 | $1,839 | $2,375 | $2,978 |
Source: Ownwell