Sedgewickville, Bollinger County, Missouri Property Taxes
The median property tax rate in Sedgewickville, MO is 0.84%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Sedgewickville at $75,390, the typical annual property tax bill amounts to $605, significantly below the national median of $2,690. Property taxes in Sedgewickville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sedgewickville'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 Sedgewickville 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
Sedgewickville, Bollinger County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$633
$588
Ownwell’s Sedgewickville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sedgewickville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sedgewickville 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 Sedgewickville, Bollinger County, Missouri
Property taxes in Sedgewickville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedgewickville is 0.84%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Sedgewickville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sedgewickville 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 Sedgewickville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63781 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Sedgewickville provides valuable insights into the varying tax landscape across Bollinger County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sedgewickville Tax Rate
0.84%
Average Bollinger County Tax Rate
0.80%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sedgewickville, Bollinger County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63781 | 0.73% | 0.81% | 0.84% | 0.85% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Sedgewickville, Bollinger County, Missouri
In Sedgewickville, 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 Bollinger 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 Sedgewickville, 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 Sedgewickville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63781 has both the highest and lowest median tax bill at $605, with the 25th percentile tax bill at $322 and the 90th percentile at $1403.
Property Tax Assessment Values Across Sedgewickville, Bollinger County, Missouri
Source: Ownwell
$29,500
$60,030
$90,560
Average Sedgewickville Assessed Value
$75,390
Average Bollinger County Assessed Value
$59,990
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sedgewickville, Bollinger County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63781 | $12,928 | $36,520 | $75,390 | $125,070 | $171,290 |
Source: Ownwell
Property Tax Bills Across Sedgewickville, Bollinger County, Missouri
In Sedgewickville, located in Bollinger County, MO, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the local assessor's office and represents a percentage of the property's market value. The property tax rate in this area is then applied to the assessed value to determine the annual tax bill. Homeowners in Sedgewickville experience varying tax bills depending on their property's assessed value. The 25th percentile tax bill is $322, while the 75th percentile tax bill reaches $1,057, and the 90th percentile tax bill goes up to $1,403. The median home price in the area is $75,390, which influences these tax calculations. Compared to the national median property tax rate of 0.99%, Sedgewickville's property tax bills are relatively moderate, providing some financial relief to homeowners. However, the tax burden can still significantly impact homeowners, especially those with higher-valued properties or those on fixed incomes.
Average Sedgewickville Tax Bill
$605
Average Bollinger County Tax Bill
$498
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedgewickville, Bollinger County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63781 | $159 | $322 | $605 | $1,057 | $1,403 |
Source: Ownwell