De Kalb, Missouri Property Taxes
The median property tax rate in DE KALB, MO is 1.22%, which is higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $99,010 in DE KALB, the typical annual property tax bill is around $1,200, exceeding the national median of $2,690. Property taxes in DE KALB are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding DE KALB'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 DE KALB 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
De Kalb, 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 DE KALB Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DE KALB with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DE KALB 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 De Kalb, Missouri
Property taxes in De Kalb, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Kalb is 1.22%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within De Kalb set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Kalb 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 De Kalb's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64440 zip code has both the highest and lowest median property tax rate of 1.22%. Understanding how these areas compare with De Kalb provides valuable insights into the varying tax landscape across Buchanan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Kalb Tax Rate
1.22%
Average Buchanan County Tax Rate
1.25%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Kalb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64440 | 1.07% | 1.16% | 1.22% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across De Kalb, Missouri
In De Kalb, 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 Buchanan 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 De Kalb, 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. The median home price in De Kalb is $99,010, with tax bills ranging from $773 at the 25th percentile to $2,562 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,200, found in zip code 64440. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average De Kalb Assessed Value
$99,010
Average Buchanan County Assessed Value
$72,855
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Kalb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64440 | $38,684 | $59,978 | $99,010 | $153,140 | $221,119 |
Source: Ownwell
Property Tax Bills Across De Kalb, Missouri
In De Kalb, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Various factors influence this assessed value, including the property's location, size, and condition. Once the assessed value is established, local tax rates, known as millage rates, are applied to calculate the annual tax bill. For homeowners in De Kalb, the property tax bills can vary significantly. At the 25th percentile, homeowners might expect to pay around $773 annually, while those at the 75th percentile could see bills as high as $1,812. The 90th percentile tax bill reaches up to $2,562. These variations highlight how different factors, such as property improvements or neighborhood developments, can impact the final tax amount. Compared to the national median property tax rate of 0.99%, De Kalb offers a relatively moderate tax environment, but homeowners must stay informed about local assessments and rates to manage their tax liabilities effectively.
Average De Kalb Tax Bill
$1,200
Average Buchanan County Tax Bill
$904
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across De Kalb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64440 | $535 | $773 | $1,200 | $1,812 | $2,562 |
Source: Ownwell