Dudley, Missouri Property Taxes
The median property tax rate in Dudley, MO is 0.83%, which is considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Dudley at $69,800, the typical annual property tax bill amounts to $607, falling well below the national median of $2,690. Property taxes in Dudley are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Dudley’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 Dudley or another part of Stoddard County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dudley, Missouri 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 Dudley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dudley with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Dudley to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, making financial planning easier. For those interested in more granular insights, you can explore trends on a neighborhood level by scrolling down. Your property’s assessed value is determined by the county for tax calculations and considers any applicable exemptions.
Property Tax Rates Across Dudley, Missouri
Property taxes in Dudley, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dudley is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Dudley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dudley 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 Dudley's effective property tax rate to other areas in Stoddard County and the national median. For comparison, the zip code 63936 has both the highest and lowest median property tax rate at 0.83%, matching Dudley's rate. Understanding how these areas compare with Dudley provides valuable insights into the varying tax landscape across Stoddard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dudley Tax Rate
0.83%
Average Stoddard County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dudley, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63936 | 0.66% | 0.76% | 0.83% | 0.84% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Dudley, Missouri
In Dudley, 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 local authorities 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 Dudley, 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 Dudley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Dudley is $607 in zip code 63936, which is also the lowest median tax bill in the area.
Average Dudley Assessed Value
$69,800
Average Stoddard County Assessed Value
$85,450
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dudley, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63936 | $5,440 | $24,900 | $69,800 | $147,225 | $263,160 |
Source: Ownwell
Property Tax Bills Across Dudley, Missouri
In Dudley, located in Stoddard 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 tax bill. The median home price in Dudley is $69,800, with property tax bills ranging from $289 at the 25th percentile to $2,176 at the 90th percentile. The median property tax bill is $607, which is significantly lower than the national median property tax rate of 0.99%. Factors such as the property's location, size, and improvements can influence its assessed value, thereby impacting the tax bill. For homeowners, understanding these factors is crucial as they directly affect annual financial obligations. Lower property taxes in Dudley can make homeownership more affordable compared to other regions, but it's essential to stay informed about potential changes in property assessments and tax rates that could affect future bills.
Average Dudley Tax Bill
$607
Average Stoddard County Tax Bill
$758
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Dudley, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63936 | $51 | $289 | $607 | $1,230 | $2,176 |
Source: Ownwell