Naylor, Missouri Property Taxes
The median property tax rate in Naylor, MO is 0.74%, which is considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Naylor at $62,580, the typical annual property tax bill reaches $464, well below the national median of $2,690. Property taxes in Naylor are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Naylor'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 Naylor 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
Naylor, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$463
Ownwell’s Naylor Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Naylor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Naylor 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 Naylor, Missouri
Property taxes in Naylor, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naylor is 0.74%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Naylor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Naylor 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 Naylor's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63953 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Naylor 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 Naylor Tax Rate
0.74%
Average Butler County Tax Rate
0.82%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Naylor, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63953 | 0.68% | 0.72% | 0.74% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Naylor, Missouri
In Naylor, 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 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 Naylor, 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. The highest median tax bill in Naylor can be found in the 63953 zip code, amounting to $464. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Naylor Assessed Value
$62,580
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 Naylor, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63953 | $17,818 | $34,130 | $62,580 | $118,930 | $152,214 |
Source: Ownwell
Property Tax Bills Across Naylor, Missouri
In Naylor, located in Butler County, MO, property tax bills are calculated based on the assessed value of a homeowner's property. The assessment is a percentage of the property's market value, which is then subjected to the local tax rate. For instance, with a median home price of $62,580, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $300, whereas those in the 75th percentile might see bills closer to $786. At the 90th percentile, the tax bill could reach up to $1,130. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. This variability means that homeowners in Naylor may experience different financial impacts based on the valuation of their homes and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Naylor's tax rates can be relatively moderate, but they still represent a significant annual expense for property owners.
Average Naylor Tax Bill
$464
Average Butler County Tax Bill
$593
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Naylor, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63953 | $172 | $300 | $464 | $786 | $1,130 |
Source: Ownwell