Seymour, Missouri Property Taxes
The median property tax rate in Seymour, MO is 0.79%, which is notably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $84,300, the typical annual property tax bill in Seymour amounts to $657, significantly less than the national median of $2,690. Property taxes in Seymour are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Seymour's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Seymour or another part of the city, becoming familiar with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seymour, 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 Seymour Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seymour with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seymour 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 Seymour, Missouri
Property taxes in Seymour, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seymour is 0.79%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Seymour set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seymour 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 Seymour's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65746 zip code has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Seymour 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 Seymour Tax Rate
0.79%
Average Webster County Tax Rate
0.95%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seymour, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65746 | 0.68% | 0.75% | 0.79% | 0.82% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Seymour, Missouri
In Seymour, 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 Seymour, 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 Seymour 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 65746, with a tax bill of $657.00, which is also the lowest median tax bill in the region.
Average Seymour Assessed Value
$84,300
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 Seymour, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65746 | $24,860 | $46,300 | $84,300 | $122,700 | $173,220 |
Source: Ownwell
Property Tax Bills Across Seymour, Missouri
In Seymour, located in Webster County, MO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Seymour is $84,300. To determine the tax bill, the assessed value is multiplied by the local tax rate. Homeowners in Seymour experience a range of tax bills, with the 25th percentile paying around $366 and the 75th percentile paying approximately $937 annually. At the higher end, the 90th percentile sees tax bills reaching $1,379. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Seymour benefit from relatively lower property tax rates compared to the national median of 0.99%. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively. With the highest and lowest median tax bills both recorded at $657 in the 65746 zip code, Seymour offers a balanced and predictable property tax environment for its residents.
Average Seymour Tax Bill
$657
Average Webster County Tax Bill
$871
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Seymour, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65746 | $200 | $366 | $657 | $937 | $1,379 |
Source: Ownwell