Wardsville, Cole County, Missouri Property Taxes
The median property tax rate in Wardsville, MO is 0.99%, aligning precisely with the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $195,700 in Wardsville, the typical annual property tax bill amounts to $1,942, falling short of the national median of $2,690. Property taxes in Wardsville are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Navigating Wardsville's property tax system, leveraging available exemptions, and seeking opportunities for reductions can result in substantial annual savings. Whether residing in the heart of Wardsville or its surrounding areas, grasping the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Wardsville, Cole County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,937
$1,798
Ownwell’s Wardsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wardsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wardsville 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 Wardsville, Cole County, Missouri
Property taxes in Wardsville, Missouri, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Wardsville is 0.99%, which aligns with both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Wardsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wardsville 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 Wardsville's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65101 zip code has the highest median property tax rate of 0.99%, while the 65101 zip code also has the lowest median tax rate of 0.99%. Understanding how these areas compare with Wardsville provides valuable insights into the varying tax landscape across Cole County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wardsville Tax Rate
0.99%
Average Cole County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wardsville, Cole County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Wardsville, Cole County, Missouri
In Wardsville, 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 Cole 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. In Wardsville, 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 Wardsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $1,942, are found in the 65101 zip code.
Property Tax Assessment Values Across Wardsville, Cole County, Missouri
Source: Ownwell
$121,900
$158,800
$195,700
Average Wardsville Assessed Value
$195,700
Average Cole County Assessed Value
$135,700
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wardsville, Cole County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | $118,300 | $156,200 | $195,700 | $245,750 | $301,620 |
Source: Ownwell
Property Tax Bills Across Wardsville, Cole County, Missouri
In Wardsville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Wardsville is $195,700. To determine the tax bill, the local tax rate is applied to the assessed value. Factors such as property improvements, land value, and local tax levies influence the final amount. For example, homeowners in Wardsville typically see a tax bill ranging from $1,551 at the 25th percentile to $2,408 at the 75th percentile, with the 90th percentile reaching up to $2,953. This variation reflects differences in home values and applicable exemptions. Compared to the national median property tax rate of 0.99%, Wardsville's property taxes can significantly impact homeowners, especially those with higher-valued properties. The highest and lowest median tax bills in the area are both $1,942, indicating a relatively consistent tax environment within the 65101 zip code in Cole County.
Average Wardsville Tax Bill
$1,942
Average Cole County Tax Bill
$1,444
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wardsville, Cole County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65101 | $1,187 | $1,551 | $1,942 | $2,408 | $2,953 |
Source: Ownwell