Reeds Spring, Christian County, Missouri Property Taxes
The median property tax rate in Reeds Spring, MO is 0.75%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $115,650 in Reeds Spring, the typical annual property tax bill is $893, significantly less than the national median of $2,690. Property taxes in Reeds Spring are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Reeds Spring'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 Reeds Spring or another part of Christian County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Reeds Spring, Christian County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$867
$805
Ownwell’s Reeds Spring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reeds Spring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reeds Spring 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 Reeds Spring, Christian County, Missouri
Property taxes in Reeds Spring, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reeds Spring is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Reeds Spring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reeds Spring 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 Reeds Spring's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65737 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these areas compare with Reeds Spring 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 Reeds Spring Tax Rate
0.75%
Average Christian County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reeds Spring, Christian County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65737 | 0.69% | 0.70% | 0.75% | 0.83% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Reeds Spring, Christian County, Missouri
In Reeds Spring, 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 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 Reeds Spring, 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 Reeds Spring helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Reeds Spring is 65737, with a median tax bill of $893.
Property Tax Assessment Values Across Reeds Spring, Christian County, Missouri
Source: Ownwell
$96,500
$253,700
$410,900
Average Reeds Spring Assessed Value
$115,650
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 Reeds Spring, Christian County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65737 | $54,880 | $72,025 | $115,650 | $150,800 | $176,600 |
Source: Ownwell
Property Tax Bills Across Reeds Spring, Christian County, Missouri
In Reeds Spring, located in Christian County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, the median home price in Reeds Spring is $115,650. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in this area can expect a property tax bill ranging from $508 at the 25th percentile to $1,532 at the 90th percentile, with the highest median tax bill recorded at $893 in zip code 65737. These figures show a significant variation in tax bills, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Reeds Spring offers relatively moderate property tax rates, providing some financial relief to homeowners. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Reeds Spring Tax Bill
$893
Average Christian County Tax Bill
$1,599
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Reeds Spring, Christian County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65737 | $408 | $508 | $893 | $1,223 | $1,532 |
Source: Ownwell