Cedar County, Missouri Property Taxes
The median property tax rate in Cedar County is 0.92%, 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 Cedar County at $37,145, the typical annual property tax bill is $344, significantly below the national median of $2,690. Property taxes in Cedar County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Cedar County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in El Dorado Springs or another part of Cedar County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cedar County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$342
$317
Ownwell’s Cedar County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cedar County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cedar County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Cedar County, Missouri
Property taxes in Cedar County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cedar County is 0.92%, which is lower than the Missouri state median and the U.S. national median of 0.99%. Local government entities within Cedar County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cedar County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Cedar County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of El Dorado Springs has one of the higher property tax rates in Missouri at 1.17%, while the city of Dunnegan boasts one of the lowest at 0.64%. Analyzing how Cedar County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cedar County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aldrich | N/A | N/A | N/A | N/A | N/A |
| Dadeville | N/A | N/A | N/A | N/A | N/A |
| Dunnegan | N/A | N/A | N/A | N/A | N/A |
| El Dorado Springs | 0.78% | 0.94% | 1.17% | 1.17% | 1.18% |
| Fair Play | 0.75% | 0.87% | 0.90% | 0.90% | 0.90% |
| Humansville | 0.62% | 0.81% | 0.86% | 0.87% | 0.87% |
| Jerico Springs | 0.60% | 0.65% | 0.75% | 0.91% | 1.00% |
| Stockton | 0.69% | 0.80% | 0.90% | 0.92% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Cedar County, Missouri
In Cedar County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Cedar County Appraisal District. The assessed value, however, 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 Cedar County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. In Cedar County, tax bills can vary significantly; for instance, Aldrich has the highest median tax bill at $924, while Humansville has the lowest at $283. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Cedar County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Cedar County Assessed Value
$37,145
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aldrich | N/A | N/A | N/A | N/A | N/A |
| Dadeville | N/A | N/A | N/A | N/A | N/A |
| Dunnegan | N/A | N/A | N/A | N/A | N/A |
| El Dorado Springs | $10,062 | $17,110 | $31,670 | $58,030 | $145,486 |
| Fair Play | $19,828 | $28,030 | $35,970 | $67,910 | $125,050 |
| Humansville | $17,680 | $22,620 | $32,620 | $49,510 | $90,010 |
| Jerico Springs | $4,086 | $8,975 | $48,595 | $91,398 | $199,974 |
| Stockton | $12,031 | $22,098 | $48,310 | $114,212 | $196,869 |
Source: Ownwell
Property Tax Bills Across Cedar County, Missouri
In Cedar County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county's median home price stands at $37,145, and property tax rates are applied to this assessed value to determine the tax bill. Factors such as property location, improvements, and exemptions influence the final amount. For instance, in Aldrich, the highest median tax bill is $924, whereas in Humansville, it is significantly less at $283. The tax bill for the 25th percentile is $187, while the 75th percentile sees $689, and the 90th percentile reaches $1,427. These figures highlight the variability in tax burdens across different areas within the county. Homeowners in Cedar County can expect their property tax bills to be influenced by these assessments, impacting their annual financial planning. Compared to the national median property tax rate of 0.99%, Cedar County's rates reflect localized economic conditions and property values.
Average Cedar County Tax Bill
$344
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aldrich | N/A | N/A | N/A | N/A | N/A |
| Dadeville | N/A | N/A | N/A | N/A | N/A |
| Dunnegan | N/A | N/A | N/A | N/A | N/A |
| El Dorado Springs | $109 | $187 | $339 | $586 | $1,325 |
| Fair Play | $179 | $253 | $324 | $609 | $962 |
| Humansville | $143 | $170 | $283 | $367 | $771 |
| Jerico Springs | $56 | $86 | $311 | $663 | $1,673 |
| Stockton | $100 | $190 | $383 | $823 | $1,604 |
Source: Ownwell