Pierce City, Barry County, Missouri Property Taxes
The median property tax rate in Pierce City, MO is 0.84%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $111,900 in Pierce City, the typical annual property tax bill amounts to $945, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Pierce City'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 Pierce City or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pierce City, Barry County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$940
$872
Ownwell’s Pierce City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pierce City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pierce City 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 Pierce City, Barry County, Missouri
Property taxes in Pierce City, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pierce City is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Pierce City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pierce City 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 Pierce City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65723 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these areas compare with Pierce City provides valuable insights into the varying tax landscape across Barry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pierce City Tax Rate
0.84%
Average Barry County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pierce City, Barry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65723 | 0.71% | 0.78% | 0.84% | 0.87% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Pierce City, Barry County, Missouri
In Pierce City, 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 Barry 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. In Pierce City, 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. For instance, the median home price in Pierce City is $111,900, and the tax bills range from $513 at the 25th percentile to $1,766 at the 90th percentile. Zip code 65723 has the highest and lowest median tax bill at $945. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pierce City, Barry County, Missouri
Source: Ownwell
$50,300
$82,200
$114,100
Average Pierce City Assessed Value
$111,900
Average Barry County Assessed Value
$82,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pierce City, Barry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65723 | $39,980 | $62,925 | $111,900 | $161,000 | $220,540 |
Source: Ownwell
Property Tax Bills Across Pierce City, Barry County, Missouri
In Pierce City, located in Barry County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the local assessor. Factors such as the property's size, location, and condition are taken into account. Homeowners in Pierce City can expect their tax bills to vary widely. For instance, the 25th percentile tax bill is around $513, while the 75th percentile reaches $1,389. The median home price in this area is approximately $111,900, and the highest median tax bill recorded is $945. This range highlights the variability in tax burdens depending on the specific characteristics of each property. Compared to the national median property tax rate of 0.99%, homeowners in Pierce City experience a relatively moderate tax rate. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Pierce City Tax Bill
$945
Average Barry County Tax Bill
$696
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pierce City, Barry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65723 | $340 | $513 | $945 | $1,389 | $1,766 |
Source: Ownwell