Rogersville, Missouri Property Taxes
The median property tax rate in Rogersville, MO is 1.25%, which is notably higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Rogersville at $113,950, the typical annual property tax bill reaches $1,356, surpassing the national median of $2,690. Property taxes in Rogersville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rogersville'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 Rogersville 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
Rogersville, 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 Rogersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rogersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rogersville 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 Rogersville, Missouri
Property taxes in Rogersville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rogersville is 1.25%, significantly higher than the U.S. national median of 0.99%. Local government entities within Rogersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rogersville 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 Rogersville's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65742 zip code has both the highest and lowest median property tax rate of 1.25%. Understanding how these areas compare with Rogersville provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rogersville Tax Rate
1.25%
Average Webster County Tax Rate
0.95%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rogersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65742 | 0.95% | 1.09% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Rogersville, Missouri
In Rogersville, 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 Webster 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 Rogersville, 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 Rogersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65742, with a median of $1,356.
Average Rogersville Assessed Value
$113,950
Average Webster County Assessed Value
$95,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rogersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65742 | $48,070 | $75,625 | $113,950 | $180,675 | $249,700 |
Source: Ownwell
Property Tax Bills Across Rogersville, Missouri
In Rogersville, located in Webster County, MO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by local assessors. For instance, if a home has a median market price of $113,950, the assessed value would be a fraction of this amount, depending on Missouri's assessment ratio. Several factors influence the final tax bill, including property size, location, and improvements. In Rogersville, tax bills can vary significantly, with the 25th percentile tax bill around $877 and the 75th percentile reaching $2,023. The highest tax bills, such as those in the 90th percentile, can go up to $2,841. These variations impact homeowners differently, often reflecting disparities in property values and local tax rates. Comparing this to the national median property tax rate of 0.99%, homeowners in Rogersville may find their tax liabilities vary but generally align with broader state trends.
Average Rogersville Tax Bill
$1,356
Average Webster County Tax Bill
$871
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rogersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65742 | $522 | $877 | $1,356 | $2,023 | $2,841 |
Source: Ownwell