Republic, Christian County, Missouri Property Taxes
The median property tax rate in Republic, MO is 0.98%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With a median home value of $313,500 in Republic, the typical annual property tax bill reaches $2,958, which is still higher than the national median of $2,690. Property taxes in Republic are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Republic'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 Republic or another part of Christian County, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Republic, Christian County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$3,072
$2,851
Ownwell’s Republic Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Republic with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Republic 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 Republic, Christian County, Missouri
Property taxes in Republic, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Republic is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Republic set these rates annually, and they can vary across different neighborhoods. Each year, Republic 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 Republic's effective property tax rate to other areas in Christian County and the national median. For comparison, the zip code 65738 has both the highest and lowest median property tax rate in the region, standing at 0.98%. Understanding how these areas compare with Republic 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 Republic Tax Rate
0.98%
Average Christian County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Republic, Christian County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65738 | 0.82% | 0.91% | 0.98% | 1.00% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Republic, Christian County, Missouri
In Republic, 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 Republic, 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 Republic helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Republic is $2,958 in zip code 65738, while the lowest median tax bill is also $2,958 in the same zip code.
Property Tax Assessment Values Across Republic, Christian County, Missouri
Source: Ownwell
$96,500
$253,700
$410,900
Average Republic Assessed Value
$313,500
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 Republic, Christian County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65738 | $135,640 | $208,200 | $313,500 | $404,400 | $509,580 |
Source: Ownwell
Property Tax Bills Across Republic, Christian County, Missouri
In Republic, located in Christian County, MO, property tax bills are determined based on the assessed value of a home. This assessed value is a percentage of the home's market value, which is then multiplied by the local tax rate to calculate the tax bill. For example, with a median home price of $313,500, homeowners can expect varying tax bills depending on their property's assessed value. Factors such as the property's location within the county, improvements made to the home, and changes in the local tax rate can all influence the final tax bill. In Republic, the tax bills range significantly, with the 25th percentile at $1,637 and the 75th percentile at $3,817. The highest median tax bill in the area is $2,958, found in the 65738 zip code. These property taxes can impact homeowners by affecting their annual budget and the overall cost of owning a home, making it essential for residents to understand how their tax bills are calculated.
Average Republic Tax Bill
$2,958
Average Christian County Tax Bill
$1,599
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Republic, Christian County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65738 | $994 | $1,637 | $2,958 | $3,817 | $4,754 |
Source: Ownwell