Sedalia, Missouri Property Taxes
The median property tax rate in Sedalia, MO is 1.05%, slightly above the national median of 0.99% but below the Missouri state median of 1.20%. With the median home value in Sedalia at $82,800, the typical annual property tax bill is $836, significantly lower than the national median of $2,690. Property taxes in Sedalia are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Sedalia'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 Sedalia or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sedalia, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Sedalia Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Sedalia. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Sedalia to provide an accurate estimate of your property tax bill. This handy tool offers clarity on potential tax liabilities, ensuring you’re well-prepared for any financial obligations. For those interested in diving deeper into neighborhood-specific trends, additional localized information is available below. Your property’s assessed value, determined by Cooper County, is crucial for these calculations and considers any applicable exemptions.
Property Tax Rates Across Sedalia, Missouri
Property taxes in Sedalia, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedalia is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Sedalia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sedalia 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 Sedalia's effective property tax rate to other areas and the national median. For comparison, the zip code 65301 has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these figures compare with Sedalia provides valuable insights into the varying tax landscape across Pettis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sedalia Tax Rate
1.05%
Average Cooper County Tax Rate
1.38%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sedalia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65301 | 0.88% | 0.97% | 1.05% | 1.08% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Sedalia, Missouri
In Sedalia, 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 Cooper 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 Sedalia, 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. The median home price in Sedalia is $82,800, with property tax bills ranging widely. For example, the tax bill at the 25th percentile is $606, while at the 75th percentile, it’s $968. The highest and lowest median tax bills both stand at $836 in zip code 65301. 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 Sedalia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sedalia Assessed Value
$82,800
Average Cooper County Assessed Value
$83,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sedalia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65301 | $45,000 | $55,325 | $82,800 | $117,125 | $155,030 |
Source: Ownwell
Property Tax Bills Across Sedalia, Missouri
In Sedalia, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, with a median home price of $82,800, the assessed value is determined by local tax authorities. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the tax bill, including property location within Cooper County, property size, and any applicable exemptions or deductions. Homeowners in Sedalia can expect tax bills to vary significantly; the 25th percentile tax bill is $606, while the 75th percentile reaches $968, and the 90th percentile can be as high as $1,632. The impact on homeowners is considerable, as property taxes fund essential services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Sedalia's rates reflect the local economic conditions and public service needs, ensuring a balanced approach to community funding.
Average Sedalia Tax Bill
$836
Average Cooper County Tax Bill
$1,092
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedalia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65301 | $484 | $606 | $836 | $968 | $1,632 |
Source: Ownwell