Wappapello, Missouri Property Taxes
The median property tax rate in Wappapello, MO is 0.71%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $52,830, the typical annual property tax bill in Wappapello amounts to $365, significantly below the national median of $2,690. Property taxes in Wappapello are 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 use. Understanding Wappapello'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 Wappapello or another part of Butler County, gaining insights into the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Wappapello, 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 Wappapello Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wappapello with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wappapello 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 Wappapello, Missouri
Property taxes in Wappapello, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wappapello is 0.71%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Wappapello set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wappapello 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 Wappapello's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63966 has both the highest and lowest median property tax rate of 0.71%. Understanding how these cities compare with Wappapello 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 Wappapello Tax Rate
0.71%
Average Butler County Tax Rate
0.82%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wappapello, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63966 | 0.69% | 0.70% | 0.71% | 0.72% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Wappapello, Missouri
In Wappapello, 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 Wappapello, 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. For instance, the median home price in Wappapello is $52,830, with tax bills varying significantly. The 25th percentile tax bill is around $150, while the 75th percentile tax bill reaches $775, and the 90th percentile tax bill is $1,288. Interestingly, the zip code 63966 has both the highest and lowest median tax bill at $365. 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 Wappapello Assessed Value
$52,830
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 Wappapello, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63966 | $12,086 | $20,780 | $52,830 | $110,090 | $182,060 |
Source: Ownwell
Property Tax Bills Across Wappapello, Missouri
In Wappapello, located in Butler County, MO, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The median home price in Wappapello is $52,830. Property tax rates are applied to this assessed value to determine the final tax bill. Various factors influence the tax bill, including the property’s location, size, and any improvements made. For instance, the tax bill at the 25th percentile is $150, while at the 75th percentile, it rises to $775, and at the 90th percentile, it reaches $1,288. These figures indicate a range of tax liabilities depending on the property's assessed value and specific characteristics. Homeowners in Wappapello can expect their property tax bills to impact their annual budgeting significantly. Compared to the national median property tax rate of 0.99%, Wappapello offers a relatively lower tax burden, making it an attractive location for property owners looking for affordability in their tax obligations.
Average Wappapello Tax Bill
$365
Average Butler County Tax Bill
$593
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wappapello, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63966 | $88 | $150 | $365 | $775 | $1,288 |
Source: Ownwell