Owensville, Missouri Property Taxes
The median property tax rate in Owensville, MO is 0.81%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Owensville at $95,550, the typical annual property tax bill amounts to $771, significantly below the national median of $2,690. Property taxes in Owensville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Owensville'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 Owensville 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
Owensville, 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 Owensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Owensville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Owensville 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 Owensville, Missouri
Property taxes in Owensville, Missouri, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Owensville is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Owensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Owensville 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 Owensville's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65066 has the highest median property tax rate of 0.81%, while the lowest median tax rate is also found in the same zip code at 0.81%. Understanding how these areas compare with Owensville provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Owensville Tax Rate
0.81%
Average Crawford County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Owensville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65066 | 0.73% | 0.78% | 0.81% | 0.90% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Owensville, Missouri
In Owensville, 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 Crawford 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 Owensville, 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 example, the tax bill for the 25th percentile is $466, while the 75th percentile is $1,210, and the 90th percentile reaches $1,739. The highest and lowest median tax bills are both $771, found in the 65066 zip code. 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 Owensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Owensville Assessed Value
$95,550
Average Crawford County Assessed Value
$81,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Owensville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65066 | $18,700 | $54,200 | $95,550 | $150,000 | $199,700 |
Source: Ownwell
Property Tax Bills Across Owensville, Missouri
In Owensville, located in Crawford County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Owensville can expect their property tax bills to vary significantly, with the 25th percentile tax bill at around $466 and the 75th percentile reaching $1,210. The 90th percentile tax bill can go up to $1,739, indicating a wide range of property values and corresponding tax responsibilities. The median property tax bill in Owensville is $771, which is lower than the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial as they directly impact the annual financial obligation tied to property ownership. This variability underscores the importance of accurate property assessments and potential appeals to ensure fair taxation.
Average Owensville Tax Bill
$771
Average Crawford County Tax Bill
$745
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Owensville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65066 | $158 | $466 | $771 | $1,210 | $1,739 |
Source: Ownwell