Chadwick, Missouri Property Taxes
The median property tax rate in Chadwick, MO is 0.89%, which is notably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $96,500 in Chadwick, the typical annual property tax bill amounts to $834, significantly below the national median of $2,690. Property taxes in Chadwick are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Chadwick's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial yearly savings. Whether you're residing in Chadwick or another part of Christian County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chadwick, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$859
Ownwell’s Chadwick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chadwick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chadwick 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 Chadwick, Missouri
Property taxes in Chadwick, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chadwick is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Chadwick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chadwick 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 Chadwick's effective property tax rate to other areas within Christian County and the national median. For comparison, the 65629 zip code has the same median property tax rate of 0.89%. Understanding how these cities compare with Chadwick provides valuable insights into the varying tax landscape across Christian County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chadwick Tax Rate
0.89%
Average Christian County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chadwick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65629 | 0.71% | 0.81% | 0.89% | 0.96% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Chadwick, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chadwick, 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 Christian 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 Chadwick, 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. For instance, the median home price in Chadwick is $96,500, with tax bills ranging from $504 at the 25th percentile to $1,834 at the 90th percentile. The zip code with the highest median tax bill is 65629, also showing $834 as the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chadwick Assessed Value
$96,500
Average Christian County Assessed Value
$157,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chadwick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65629 | $41,620 | $65,750 | $96,500 | $144,650 | $194,320 |
Source: Ownwell
Property Tax Bills Across Chadwick, Missouri
In Chadwick, Christian County, MO, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of its market value. The median home price in Chadwick is $96,500. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Chadwick experience a range of property tax bills. The 25th percentile of tax bills is $504, meaning that 25% of homeowners pay less than this amount. On the higher end, the 75th percentile pays $1,267, while the 90th percentile sees tax bills as high as $1,834. The highest and lowest median tax bills in the area are both $834, indicating a relatively narrow range in median tax obligations compared to other regions. These tax bills can significantly impact homeowners' budgets, influencing decisions on property investments and homeownership.
Average Chadwick Tax Bill
$834
Average Christian County Tax Bill
$1,599
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Chadwick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65629 | $347 | $504 | $834 | $1,267 | $1,834 |
Source: Ownwell