Auxvasse, Callaway County, Missouri Property Taxes
The median property tax rate in Auxvasse, MO is 1.18%, which is higher than the national median of 0.99% but slightly below the Missouri state median of 1.20%. With a median home value of $101,820 in Auxvasse, the typical annual property tax bill amounts to $1,205, which is lower than the national median of $2,690. Property taxes in Auxvasse are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Auxvasse'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 Auxvasse 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
Auxvasse, Callaway County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,201
$1,115
Ownwell’s Auxvasse Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Auxvasse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Auxvasse to provide an estimate of your property tax bill. This valuable 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 Auxvasse, Callaway County, Missouri
Property taxes in Auxvasse, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Auxvasse is 1.18%, which is significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Auxvasse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Auxvasse 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 Auxvasse's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65231 has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Auxvasse provides valuable insights into the varying tax landscape across Callaway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Auxvasse Tax Rate
1.18%
Average Callaway County Tax Rate
1.19%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Auxvasse, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65231 | 0.93% | 1.13% | 1.18% | 1.24% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Auxvasse, Callaway County, Missouri
In Auxvasse, 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 Callaway 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 Auxvasse, 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 Auxvasse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In zip code 65231, which encompasses Auxvasse, the median tax bill is $1,205.
Property Tax Assessment Values Across Auxvasse, Callaway County, Missouri
Source: Ownwell
$41,010
$92,250
$143,490
Average Auxvasse Assessed Value
$101,820
Average Callaway County Assessed Value
$118,130
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Auxvasse, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65231 | $29,844 | $59,310 | $101,820 | $156,910 | $220,342 |
Source: Ownwell
Property Tax Bills Across Auxvasse, Callaway County, Missouri
In Auxvasse, located in Callaway County, MO, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Auxvasse is $101,820. Homeowners in this region can expect their property tax bills to vary significantly based on their property's assessed value and the specific tax rates applied by local authorities. For instance, the 25th percentile tax bill is around $700, while those in the 75th percentile pay approximately $1,820. At the 90th percentile, tax bills can reach up to $2,519. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in Auxvasse can be more or less burdensome depending on individual circumstances. This affects homeowners by influencing their annual financial planning and potentially impacting the affordability of homeownership in the area. Understanding these factors is crucial for residents to manage their property tax obligations effectively.
Average Auxvasse Tax Bill
$1,205
Average Callaway County Tax Bill
$1,342
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Auxvasse, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65231 | $328 | $700 | $1,205 | $1,820 | $2,519 |
Source: Ownwell