Peculiar, Cass County, Missouri Property Taxes
The median property tax rate in Peculiar, MO is 1.54%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Peculiar, the typical annual property tax bill reaches $2,343, which is slightly below the national median of $2,690. Property taxes in Peculiar are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Peculiar'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 Peculiar 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
Peculiar, Cass County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$2,503
$2,323
Ownwell’s Peculiar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Peculiar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Peculiar 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 Peculiar, Cass County, Missouri
Property taxes in Peculiar, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Peculiar is 1.54%, which is significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Peculiar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Peculiar 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 Peculiar's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 64078 has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these areas compare with Peculiar provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Peculiar Tax Rate
1.54%
Average Cass County Tax Rate
1.46%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Peculiar, Cass County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64078 | 1.32% | 1.36% | 1.54% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Peculiar, Cass County, Missouri
In Peculiar, 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 Cass 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 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 Peculiar helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Peculiar is $2,343 in the zip code 64078, while the lowest is also $2,343 in the same zip code.
Property Tax Assessment Values Across Peculiar, Cass County, Missouri
Source: Ownwell
$48,030
$329,300
$610,570
Average Peculiar Assessed Value
$162,560
Average Cass County Assessed Value
$149,060
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Peculiar, Cass County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64078 | $92,662 | $125,820 | $162,560 | $206,360 | $265,804 |
Source: Ownwell
Property Tax Bills Across Peculiar, Cass County, Missouri
In Peculiar, located in Cass County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Peculiar typically face a property tax rate that aligns closely with the national median of 0.99%. For a median home price of $162,560, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $1,808, while those at the 75th percentile could see bills as high as $3,039. For the top 10% of property tax bills, costs can reach up to $3,856. These variations are influenced by several factors, including property location, improvements, and local tax levies. Higher tax bills can impact homeowners by increasing their overall housing costs, potentially affecting affordability. Conversely, lower tax bills can provide some financial relief. Understanding these factors is crucial for homeowners to budget effectively and anticipate annual property tax obligations.
Average Peculiar Tax Bill
$2,343
Average Cass County Tax Bill
$2,217
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Peculiar, Cass County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64078 | $1,385 | $1,808 | $2,343 | $3,039 | $3,856 |
Source: Ownwell