Owensville, Missouri Property Taxes
The median property tax rate in Owensville, MO is 0.90%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $32,470 in Owensville, the typical annual property tax bill amounts to $292, significantly below the national median of $2,690. Property taxes in Owensville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Owensville'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 Owensville 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
Owensville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$292
Ownwell’s Owensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Owensville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Owensville 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 Owensville, Missouri
Property taxes in Owensville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Owensville is 0.90%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Owensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Owensville 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 Owensville's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65066 has both the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Owensville provides valuable insights into the varying tax landscape across Gasconade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Owensville Tax Rate
0.90%
Average Pulaski County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Owensville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65066 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Owensville, Missouri
In Owensville, 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 Pulaski 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 Owensville, 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 Owensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Owensville is $292, with the highest and lowest median tax bills both found in the 65066 zip code.
Average Owensville Assessed Value
$32,470
Average Pulaski County Assessed Value
$115,944
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Owensville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65066 | $32,470 | $32,470 | $32,470 | $32,470 | $32,470 |
Source: Ownwell
Property Tax Bills Across Owensville, Missouri
Property tax bills in Owensville, located in Pulaski County, MO, are calculated based on the assessed value of a property, which is a fraction of its market value. In Owensville, the median home price stands at $32,470. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, homes within the 25th, 75th, and 90th percentiles all see a tax bill of $292, reflecting a consistent rate across different property values. This amount is notably lower than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Owensville benefit from relatively low property taxes, which can make homeownership more affordable and appealing. However, it's crucial for homeowners to stay informed about their property's assessed value and any changes in the local tax rate, as these directly impact their annual tax bill.
Average Owensville Tax Bill
$292
Average Pulaski County Tax Bill
$872
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Owensville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65066 | $292 | $292 | $292 | $292 | $292 |
Source: Ownwell