Pocahontas, Missouri Property Taxes
The median property tax rate in Pocahontas, MO is 1.06%, slightly higher than the national median of 0.99% yet lower than the Missouri state median of 1.20%. With the median home value in Pocahontas at $64,210, the typical annual property tax bill amounts to $682, which is significantly lower than the national median of $2,690. Property taxes in Pocahontas are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Pocahontas'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 Pocahontas or another part of Cape Girardeau County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pocahontas, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$681
Ownwell’s Pocahontas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pocahontas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pocahontas 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 Pocahontas, Missouri
Property taxes in Pocahontas, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pocahontas is 1.06%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pocahontas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pocahontas 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 Pocahontas's effective property tax rate to other areas in Cape Girardeau County and the national median. For comparison, the 63779 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these areas compare with Pocahontas 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 Pocahontas Tax Rate
1.06%
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 Pocahontas, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63779 | 1.02% | 1.06% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Pocahontas, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pocahontas, 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 local 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 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 Pocahontas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pocahontas is $64,210. The highest and lowest median tax bills are both $682, found in the 63779 zip code. The 25th percentile tax bill is $521, while the 75th percentile reaches $869, and the 90th percentile peaks at $982.
Average Pocahontas Assessed Value
$64,210
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 Pocahontas, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63779 | $30,986 | $49,074 | $64,210 | $84,115 | $108,619 |
Source: Ownwell
Property Tax Bills Across Pocahontas, Missouri
In Pocahontas, located in Cape Girardeau County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $64,210. Local tax authorities determine the assessed value, and this figure is then multiplied by the property tax rate to calculate the annual tax bill. The tax bill can vary significantly depending on the assessed value and specific rates applied. For example, the 25th percentile tax bill is $521, while the 75th percentile tax bill is $869, indicating a range of what homeowners might expect to pay. At the 90th percentile, the tax bill reaches $982. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in Pocahontas may find their tax obligations relatively manageable, but it's essential to understand how these taxes impact overall homeownership costs.
Average Pocahontas Tax Bill
$682
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 Pocahontas, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63779 | $329 | $521 | $682 | $869 | $982 |
Source: Ownwell