Shelby County Property Taxes
The median property tax rate in Shelby County is 0.87%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Shelby County, the typical annual property tax bill reaches $514, which is well below the national median of $2,690. Property taxes in Shelby County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Shelby County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Shelbyville or another part of Shelby County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shelby County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Shelby County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Shelby County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Shelby County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Shelby County, Missouri
Property taxes in Shelby play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Shelby is 0.87%, which is lower than the Missouri state median of 0.97% but still below the U.S. national median of 0.99%. Local government entities within Shelby set these rates annually, and they can vary significantly between different areas within the county. Each year, Shelby estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Shelby's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Hunnewell has one of the higher property tax rates in Missouri at 1.16%, while the city of Anabel boasts one of the lowest at 0.72%. Analyzing how Shelby's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Shelby County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shelby County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anabel | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| Bethel | 0.68% | 0.68% | 0.79% | 0.95% | 1.07% |
| Clarence | 0.72% | 0.72% | 0.85% | 1.11% | 1.37% |
| Emden | 0.68% | 0.68% | 0.75% | 0.90% | 1.01% |
| Ewing | 0.75% | 0.77% | 0.84% | 0.97% | 1.09% |
| Hunnewell | 0.75% | 0.87% | 1.16% | 1.38% | 1.38% |
| La Belle | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% |
| Lentner | 0.75% | 0.75% | 0.90% | 1.03% | 1.13% |
| Leonard | 0.68% | 0.68% | 0.72% | 0.88% | 1.06% |
| Philadelphia | 0.90% | 0.93% | 1.00% | 1.02% | 1.04% |
| Shelbina | 0.75% | 0.76% | 1.04% | 1.21% | 1.44% |
| Shelbyville | 0.68% | 0.68% | 0.83% | 1.02% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Shelby County, Missouri
In Shelby County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Shelby County Appraisal District. The assessed value, however, 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 Shelby County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Shelby County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, the highest median tax bill in Shelby County is in La Belle at $1,912, while the lowest is in Anabel at $300.
Average Shelby County Assessed Value
$56,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shelby County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anabel | $41,700 | $41,700 | $41,700 | $41,700 | $41,700 |
| Bethel | $11,760 | $24,200 | $46,700 | $97,400 | $147,960 |
| Clarence | $8,890 | $25,450 | $56,800 | $111,975 | $188,330 |
| Emden | $19,700 | $24,400 | $52,000 | $87,700 | $212,500 |
| Ewing | $20,910 | $29,475 | $66,250 | $117,175 | $214,690 |
| Hunnewell | $5,560 | $10,550 | $25,900 | $72,050 | $115,120 |
| La Belle | $206,600 | $206,600 | $206,600 | $206,600 | $206,600 |
| Lentner | $26,450 | $53,775 | $92,550 | $142,425 | $207,440 |
| Leonard | $13,460 | $33,450 | $72,900 | $147,450 | $284,640 |
| Philadelphia | $44,470 | $74,125 | $105,150 | $126,800 | $139,580 |
| Shelbina | $10,300 | $21,300 | $52,500 | $94,200 | $169,300 |
| Shelbyville | $11,380 | $30,700 | $64,900 | $114,500 | $183,060 |
Source: Ownwell
Property Tax Bills Across Shelby County, Missouri
In Shelby County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors that influence the tax bill include the property's location, size, and condition, as well as any applicable exemptions or deductions. For homeowners in Shelby County, the median home price is $56,500. The tax bill can vary significantly, with the 25th percentile paying around $237 and the 75th percentile paying up to $983 annually. At the 90th percentile, the tax bill can reach $1,713. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. In Shelby County, the highest median tax bill is $1,912 in La Belle, while the lowest is $300 in Anabel, highlighting the variability within the region. This variability can significantly impact homeowners' financial planning and budgeting.
Average Shelby County Tax Bill
$514
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Shelby County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anabel | $300 | $300 | $300 | $300 | $300 |
| Bethel | $101 | $213 | $413 | $843 | $1,300 |
| Clarence | $84 | $244 | $515 | $996 | $1,681 |
| Emden | $128 | $187 | $435 | $742 | $1,771 |
| Ewing | $157 | $232 | $613 | $1,203 | $1,942 |
| Hunnewell | $70 | $149 | $357 | $676 | $1,315 |
| La Belle | $1,912 | $1,912 | $1,912 | $1,912 | $1,912 |
| Lentner | $198 | $508 | $903 | $1,314 | $2,014 |
| Leonard | $94 | $251 | $577 | $1,250 | $2,306 |
| Philadelphia | $870 | $992 | $1,196 | $1,372 | $1,478 |
| Shelbina | $103 | $255 | $535 | $981 | $1,721 |
| Shelbyville | $107 | $253 | $532 | $989 | $1,681 |
Source: Ownwell