Ridgedale, Missouri Property Taxes
The median property tax rate in Ridgedale, MO is 0.93%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Ridgedale, the typical annual property tax bill is $194, significantly below the national median of $2,690. Property taxes in Ridgedale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ridgedale'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 Ridgedale or another part of Stone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ridgedale, 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 Ridgedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ridgedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ridgedale 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 Ridgedale, Missouri
Property taxes in Ridgedale, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ridgedale is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Ridgedale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ridgedale 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 Ridgedale's effective property tax rate to other areas in Stone County and the national median. For comparison, the 65739 zip code has both the highest and the lowest median property tax rate of 0.93%. Understanding how these areas compare with Ridgedale provides valuable insights into the varying tax landscape across Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ridgedale Tax Rate
0.93%
Average Stone County Tax Rate
0.93%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ridgedale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65739 | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Ridgedale, Missouri
In Ridgedale, 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 Stone County Assessor's Office 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. Assessment notices in Ridgedale 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 Ridgedale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Ridgedale, the zip code with the highest median tax bill is 65739, with a median tax bill of $194, which is also the lowest median tax bill.
Average Ridgedale Assessed Value
$20,900
Average Stone County Assessed Value
$50,150
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ridgedale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65739 | $20,900 | $20,900 | $20,900 | $20,900 | $20,900 |
Source: Ownwell
Property Tax Bills Across Ridgedale, Missouri
In Ridgedale, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For example, if the median home price in Ridgedale is $20,900, the assessed value would be a fraction of this amount, depending on the assessment rate set by Stone County. Once the assessed value is established, local tax rates are applied to calculate the tax bill. Ridgedale's property tax rate can be compared to the national median property tax rate of 0.99%. Homeowners in Ridgedale typically see a tax bill around $194, which is consistent across various percentiles, indicating a uniform rate within the area. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. For homeowners, understanding these elements is crucial, as they directly impact the annual cost of owning property in Ridgedale.
Average Ridgedale Tax Bill
$194
Average Stone County Tax Bill
$460
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ridgedale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65739 | $194 | $194 | $194 | $194 | $194 |
Source: Ownwell