Zalma, Missouri Property Taxes
The median property tax rate in Zalma, MO is 0.79%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Zalma, the typical annual property tax bill is $64, which is well below the national median of $2,690. Property taxes in Zalma are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Zalma'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 Zalma or another part of Bollinger County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Zalma, 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 Zalma Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Zalma with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Zalma to provide an accurate estimate of your property tax bill. This invaluable resource helps you gauge potential tax liabilities effectively. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Bollinger County, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Zalma, Missouri
Property taxes in Zalma, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zalma is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Zalma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zalma 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 Zalma's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63787 has both the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with Zalma 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 Zalma Tax Rate
0.79%
Average Bollinger County Tax Rate
0.80%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zalma, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63787 | 0.79% | 0.79% | 0.79% | 0.79% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Zalma, Missouri
In Zalma, 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 Appraisal District 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 Zalma, 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 Zalma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code with the highest tax bill is 63787 at $467, while the lowest is 63787 at $38.
Average Zalma Assessed Value
$8,115
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 Zalma, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63787 | $2,388 | $4,770 | $8,115 | $45,652 | $59,202 |
Source: Ownwell
Property Tax Bills Across Zalma, Missouri
In Zalma, located in Bollinger County, MO, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which in Zalma is significantly lower than the national median. The median home price in Zalma is $8,115, a stark contrast to the national figures. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's size, location, and any applicable exemptions. Homeowners in Zalma can expect a wide range in their tax bills. For instance, the 25th percentile tax bill is around $38, while the 75th percentile reaches about $361, and the 90th percentile can be as high as $467. These variations reflect differences in property values and the application of exemptions. Overall, lower property values in Zalma result in relatively modest tax bills compared to the national median property tax rate of 0.99%.
Average Zalma Tax Bill
$64
Average Bollinger County Tax Bill
$498
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Zalma, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63787 | $19 | $38 | $64 | $361 | $467 |
Source: Ownwell