Powersville, Missouri Property Taxes
The median property tax rate in Powersville, MO is 1.09%, slightly higher than the national median of 0.99% but below the Missouri state median of 1.20%. With a median home value of $41,710, the typical annual property tax bill in Powersville reaches $445, which is significantly lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Powersville'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 Powersville 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
Powersville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$455
Ownwell’s Powersville Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with an easy way to estimate their annual property taxes in Powersville using just two pieces of information. By entering your property's estimated assessed value, the calculator uses the median tax rate in Powersville to give you an estimate of your property tax bill. This useful tool helps you understand potential tax liabilities. For more detailed trends at the neighborhood level, scroll down to find localized information. Your property’s assessed value is the figure assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Powersville, Missouri
Property taxes in Powersville, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Powersville is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Powersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Powersville 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 Powersville's effective property tax rate to other areas in Missouri and the national median. For comparison, the 64672 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these areas compare with Powersville provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Powersville Tax Rate
1.09%
Average Putnam County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Powersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64672 | 0.81% | 0.85% | 1.09% | 1.30% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Powersville, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Powersville, 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 Putnam 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 Powersville, 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 Powersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64672 has the highest and lowest median tax bill at $445, highlighting a significant range in property tax burdens within the area.
Average Powersville Assessed Value
$41,710
Average Putnam County Assessed Value
$54,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Powersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64672 | $8,892 | $17,635 | $41,710 | $97,125 | $155,595 |
Source: Ownwell
Property Tax Bills Across Powersville, Missouri
In Powersville, Putnam County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Various factors, such as property improvements, neighborhood developments, and market trends, can influence the assessed value. For homeowners in Powersville, the median home price is $41,710, with tax bills ranging significantly. The 25th percentile tax bill is $181, while the 75th percentile reaches $1,166. At the 90th percentile, homeowners might see tax bills as high as $1,681. The highest median tax bill in the area is $445, found in the 64672 zip code. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the local community. Compared to the national median property tax rate of 0.99%, Powersville's property taxes can vary widely, affecting homeowners differently based on their property's assessed value and location.
Average Powersville Tax Bill
$445
Average Putnam County Tax Bill
$636
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Powersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64672 | $88 | $181 | $445 | $1,166 | $1,681 |
Source: Ownwell