Auxvasse, Missouri Property Taxes
The median property tax rate in Auxvasse, MO is 1.26%, higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value in Auxvasse of $60,310, the typical annual property tax bill is $572, which is significantly lower than the national median of $2,690. Property taxes in Auxvasse are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Auxvasse'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 Auxvasse 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
Auxvasse, 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 AUXVASSE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in AUXVASSE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in AUXVASSE 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 Auxvasse, Missouri
Property taxes in Auxvasse, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auxvasse is 1.26%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Auxvasse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auxvasse 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. Understanding how Auxvasse's effective property tax rate compares with other areas provides valuable insights into the varying tax landscape across Audrain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Auxvasse Tax Rate
1.26%
Average Audrain County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auxvasse, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65231 | 0.78% | 1.02% | 1.26% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Auxvasse, Missouri
In Auxvasse, 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 Audrain County Assessor 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 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 Auxvasse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $60,310, with annual tax bills ranging from $453 at the 25th percentile to $853 at the 90th percentile. The highest and lowest median tax bills are both $572, found in the 65231 zip code.
Average Auxvasse Assessed Value
$60,310
Average Audrain County Assessed Value
$51,626
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auxvasse, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65231 | $28,774 | $35,970 | $60,310 | $67,510 | $69,380 |
Source: Ownwell
Property Tax Bills Across Auxvasse, Missouri
In Auxvasse, located in Audrain County, MO, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. For instance, if the median home price is $60,310, the assessed value will be a fraction of this amount, depending on local assessment ratios. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, its assessed value, and the specific tax rates set by local authorities. For example, in Auxvasse, the tax bills range from $453 at the 25th percentile to $853 at the 90th percentile. This variability shows that individual circumstances such as property value and applicable exemptions play significant roles in determining the exact amount. Homeowners in Auxvasse can expect their property tax bills to impact their annual budgeting, with the highest median tax bill recorded at $572 in the 65231 zip code. Compared to the national median property tax rate of 0.99%, Auxvasse's rates reflect the local economic and market conditions.
Average Auxvasse Tax Bill
$572
Average Audrain County Tax Bill
$587
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Auxvasse, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65231 | $305 | $453 | $572 | $806 | $853 |
Source: Ownwell