Waynesville, Missouri Property Taxes
The median property tax rate in Waynesville, MO is 0.74%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Waynesville at $139,648, the typical annual property tax bill amounts to $1,063, falling below the national median of $2,690. Property taxes in Waynesville are calculated based on the tax assessed value, which often remains below the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Waynesville'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 Waynesville 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
Waynesville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,033
Ownwell’s Waynesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waynesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waynesville 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 Waynesville, Missouri
Property taxes in Waynesville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waynesville is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Waynesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waynesville 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 Waynesville's effective property tax rate to other regions and the national median. For comparison, the zip code 65583 has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Waynesville provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waynesville Tax Rate
0.74%
Average Pulaski County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waynesville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65583 | 0.72% | 0.74% | 0.74% | 0.78% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Waynesville, Missouri
In Waynesville, 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 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 Waynesville, 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 Waynesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Waynesville is $1063 in the 65583 zip code, while the lowest is also $1063 in the same zip code.
Average Waynesville Assessed Value
$139,648
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 Waynesville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65583 | $38,869 | $84,310 | $139,648 | $181,618 | $223,810 |
Source: Ownwell
Property Tax Bills Across Waynesville, Missouri
In Waynesville, located in Pulaski County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Waynesville is $139,648. Homeowners can expect their property tax bill to vary significantly depending on their home's assessed value and the specific tax rate applied by local authorities. For instance, the tax bill at the 25th percentile is $618, while at the 75th percentile, it reaches $1390. At the 90th percentile, it can go up to $1702. These variations highlight how different factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. Comparatively, the national median property tax rate stands at 0.99%, making Waynesville's property taxes relatively moderate. The highest and lowest median tax bills in the area are both $1063, found in zip code 65583. This system ensures that homeowners contribute fairly to local services based on the value of their property.
Average Waynesville Tax Bill
$1,063
Average Pulaski County Tax Bill
$872
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Waynesville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65583 | $277 | $618 | $1,063 | $1,390 | $1,702 |
Source: Ownwell