Oran, Cape Girardeau County, Missouri Property Taxes
The median property tax rate in Oran, MO is 0.78%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Oran, the typical annual property tax bill is $618, significantly below the national median of $2,690. Property taxes in Oran are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Oran'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 Oran 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
Oran, Cape Girardeau County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$593
$551
Ownwell’s ORAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ORAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ORAN 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 Oran, Cape Girardeau County, Missouri
Property taxes in Oran, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Oran is 0.78%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Oran set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oran 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 Oran's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63771 zip code has the same median property tax rate of 0.78%. Understanding how these cities compare with Oran provides valuable insights into the varying tax landscape across Cape Girardeau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oran Tax Rate
0.78%
Average Cape Girardeau County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oran, Cape Girardeau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63771 | 0.71% | 0.74% | 0.78% | 0.81% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Oran, Cape Girardeau County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Oran, Missouri. 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 Cape Girardeau 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. Assessment notices in Oran 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 Oran helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 63771 has the highest median tax bill at $618, while the lowest median tax bill is also $618.
Property Tax Assessment Values Across Oran, Cape Girardeau County, Missouri
Source: Ownwell
$45,331
$91,105
$136,878
Average Oran Assessed Value
$76,056
Average Cape Girardeau County Assessed Value
$116,512
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oran, Cape Girardeau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63771 | $45,023 | $51,594 | $76,056 | $110,248 | $120,033 |
Source: Ownwell
Property Tax Bills Across Oran, Cape Girardeau County, Missouri
In Oran, Cape Girardeau County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For instance, if the median home price is $76,056, the assessed value might be a fraction of this amount, and the tax rate is applied to this assessed value. The property tax rate in Oran is influenced by local government budgets and the needs of public services such as schools and infrastructure. Homeowners in Oran can expect their tax bills to vary. At the 25th percentile, tax bills are around $385, while those in the 75th percentile pay approximately $811. The 90th percentile sees tax bills as high as $1,123. These variations are due to differences in property values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Oran's property tax rates can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Oran Tax Bill
$618
Average Cape Girardeau County Tax Bill
$1,109
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Oran, Cape Girardeau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63771 | $348 | $385 | $618 | $811 | $1,123 |
Source: Ownwell