Urich, Bates County, Missouri Property Taxes
The median property tax rate in Urich, MO is 1.00%, 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 Urich at $86,050, the typical annual property tax bill is $818, which is significantly below the national median of $2,690. Property taxes in Urich are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Urich'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 Urich 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
Urich, Bates County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$861
$799
Ownwell’s Urich Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Urich with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Urich 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 Urich, Bates County, Missouri
Property taxes in Urich, Missouri, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Urich is 1.00%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Urich set these rates annually, and they can vary significantly across different neighborhoods. Each year, Urich 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 Urich's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64788 zip code has the highest median property tax rate of 1.00%, while the 64788 zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Urich provides valuable insights into the varying tax landscape across Bates County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Urich Tax Rate
1.00%
Average Bates County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Urich, Bates County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64788 | 0.88% | 0.93% | 1.00% | 1.04% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Urich, Bates County, Missouri
In Urich, 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 Bates 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 Urich, 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 Urich helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 64788, with a median tax bill of $818.
Property Tax Assessment Values Across Urich, Bates County, Missouri
Source: Ownwell
$24,550
$69,900
$115,250
Average Urich Assessed Value
$86,050
Average Bates County Assessed Value
$68,300
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Urich, Bates County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64788 | $29,740 | $45,175 | $86,050 | $127,175 | $202,780 |
Source: Ownwell
Property Tax Bills Across Urich, Bates County, Missouri
In Urich, located in Bates County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Urich face a property tax rate that aligns with the national median of 0.99%. For instance, with a median home price of $86,050, the tax bills can vary significantly. The 25th percentile tax bill is around $478, while the 75th percentile reaches up to $1,272, and the 90th percentile can be as high as $1,942. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. This system ensures that tax contributions are proportionate to property values, impacting homeowners differently based on their property’s worth. The highest and lowest median tax bills in Urich are both recorded at $818 in the zip code 64788, highlighting a level of consistency within this area. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Urich Tax Bill
$818
Average Bates County Tax Bill
$704
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Urich, Bates County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64788 | $320 | $478 | $818 | $1,272 | $1,942 |
Source: Ownwell