Sheldon, Barton County, Missouri Property Taxes
The median property tax rate in Sheldon, MO is 1.01%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Sheldon at $57,171, the typical annual property tax bill amounts to $574, which is significantly below the national median of $2,690. Property taxes in Sheldon are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Sheldon'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 Sheldon or another part of Barton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sheldon, Barton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$577
$536
Ownwell’s Sheldon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sheldon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sheldon 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 Sheldon, Barton County, Missouri
Property taxes in Sheldon, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sheldon is 1.01%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Sheldon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sheldon 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 Sheldon's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64784 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Sheldon provides valuable insights into the varying tax landscape across Barton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sheldon Tax Rate
1.01%
Average Barton County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sheldon, Barton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64784 | 0.79% | 0.87% | 1.01% | 1.11% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Sheldon, Barton County, Missouri
In Sheldon, 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 Barton 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 Sheldon, 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 Sheldon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 64784, with a median tax bill of $574.00.
Property Tax Assessment Values Across Sheldon, Barton County, Missouri
Source: Ownwell
$26,868
$67,976
$109,083
Average Sheldon Assessed Value
$57,171
Average Barton County Assessed Value
$57,829
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sheldon, Barton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64784 | $19,054 | $29,851 | $57,171 | $120,158 | $169,606 |
Source: Ownwell
Property Tax Bills Across Sheldon, Barton County, Missouri
In Sheldon, located in Barton County, MO, property tax bills are calculated based on the assessed value of a property. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. In Sheldon, the median home price is $57,171, and property tax bills can vary significantly. For example, the 25th percentile of tax bills is around $300, while the 75th percentile reaches up to $1,227, and the 90th percentile can be as high as $1,664. These tax amounts are influenced by various factors, including property size, location, and any applicable exemptions or deductions. Homeowners in Sheldon should be aware that their property tax bill can have a substantial impact on their annual expenses. Compared to the national median property tax rate of 0.99%, Sheldon's property tax rates highlight the variability in tax burdens within different regions. Understanding these factors can help homeowners better manage their finances and plan for future expenses.
Average Sheldon Tax Bill
$574
Average Barton County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sheldon, Barton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64784 | $199 | $300 | $574 | $1,227 | $1,664 |
Source: Ownwell