Neelyville, Butler County, Missouri Property Taxes
The median property tax rate in Neelyville, MO, is 0.87%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $40,890, the typical annual property tax bill in Neelyville amounts to $371, significantly below the national median of $2,690. Property taxes in Neelyville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Neelyville'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 Neelyville 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
Neelyville, Butler County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$356
$330
Ownwell’s Neelyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Neelyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Neelyville 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 Neelyville, Butler County, Missouri
Property taxes in Neelyville, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Neelyville is 0.87%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Neelyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Neelyville 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 Neelyville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63954 zip code has the highest median property tax rate of 0.87%, while the 63954 zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Neelyville 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 Neelyville Tax Rate
0.87%
Average Butler County Tax Rate
0.82%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Neelyville, Butler County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63954 | 0.75% | 0.77% | 0.87% | 0.90% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Neelyville, Butler County, Missouri
In Neelyville, 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 Neelyville, 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 Neelyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 63954 has both the highest and lowest median tax bill at $371.
Property Tax Assessment Values Across Neelyville, Butler County, Missouri
Source: Ownwell
$20,240
$58,198
$96,155
Average Neelyville Assessed Value
$40,890
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 Neelyville, Butler County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63954 | $8,600 | $16,830 | $40,890 | $69,430 | $138,920 |
Source: Ownwell
Property Tax Bills Across Neelyville, Butler County, Missouri
In Neelyville, property tax bills are determined 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 Neelyville is typically lower than the national median. For instance, with a median home price of $40,890, the property tax rate in Butler County results in a median tax bill of $371. This rate is considerably lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Neelyville can expect their tax bills to vary, with the 25th percentile at $165 and the 75th percentile reaching $590. At the higher end, the 90th percentile tax bill is $1,187. These property taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding how their property tax bill is calculated helps in budgeting and financial planning, ensuring they are prepared for these annual expenses.
Average Neelyville Tax Bill
$371
Average Butler County Tax Bill
$593
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Neelyville, Butler County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63954 | $82 | $165 | $371 | $590 | $1,187 |
Source: Ownwell