Fisk, Butler County, Missouri Property Taxes
The median property tax rate in Fisk, MO is 0.73%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Fisk at $49,245, the typical annual property tax bill comes to $386, significantly below the national median of $2,690. Property taxes in Fisk are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Fisk's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fisk or another part of Butler County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fisk, Butler County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$359
$334
Ownwell’s Fisk Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fisk with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fisk 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 Butler County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Fisk, Butler County, Missouri
Property taxes in Fisk, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fisk is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Fisk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fisk 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 Fisk's effective property tax rate to other areas in Butler County and the national median. For comparison, the 63940 ZIP code has both the highest and lowest median property tax rate in the region, standing at 0.73%. Understanding how these areas compare with Fisk provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fisk Tax Rate
0.73%
Average Butler County Tax Rate
0.82%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fisk, Butler County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63940 | 0.69% | 0.71% | 0.73% | 0.84% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Fisk, Butler County, Missouri
In Fisk, 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 Butler 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 Fisk, 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 Fisk helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Fisk is $386 in the 63940 zip code, while the lowest is also $386 in the same zip code.
Property Tax Assessment Values Across Fisk, Butler County, Missouri
Source: Ownwell
$20,240
$58,198
$96,155
Average Fisk Assessed Value
$49,245
Average Butler County Assessed Value
$71,345
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fisk, Butler County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63940 | $13,933 | $24,530 | $49,245 | $84,122 | $131,340 |
Source: Ownwell
Property Tax Bills Across Fisk, Butler County, Missouri
In Fisk, located in Butler County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Fisk is $49,245, and property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, the local tax rate, and any applicable exemptions or deductions. Homeowners in Fisk experience varying tax bills, with the 25th percentile paying around $204 annually, while those in the 75th percentile face bills closer to $615. At the higher end, the 90th percentile can see tax bills reaching up to $976. These taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Fisk's tax rates offer a relatively affordable option for homeowners, contributing to the overall appeal of living in this region.
Average Fisk Tax Bill
$386
Average Butler County Tax Bill
$593
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Fisk, Butler County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63940 | $114 | $204 | $386 | $615 | $976 |
Source: Ownwell