Sullivan, Crawford County, Missouri Property Taxes
The median property tax rate in Sullivan, MO is 1.09%, slightly above the national median of 0.99% but below the Missouri state median of 1.20%. With a median home value of $85,400 in Sullivan, the typical annual property tax bill amounts to $907, which is significantly lower than the national median of $2,690. Property taxes in Sullivan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sullivan's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sullivan or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sullivan, Crawford County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$931
$864
Ownwell’s SULLIVAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SULLIVAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SULLIVAN 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 Sullivan, Crawford County, Missouri
Property taxes in Sullivan, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sullivan is 1.09%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Sullivan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sullivan 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 Sullivan's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63080 ZIP code has the highest median property tax rate of 1.09%, while the same ZIP code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Sullivan 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 Sullivan Tax Rate
1.09%
Average Crawford County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sullivan, Crawford County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63080 | 1.00% | 1.03% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Sullivan, Crawford County, Missouri
In Sullivan, 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 local 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 Sullivan, 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 Sullivan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63080 has the highest and lowest median tax bill at $907.
Property Tax Assessment Values Across Sullivan, Crawford County, Missouri
Source: Ownwell
$30,100
$65,775
$101,450
Average Sullivan Assessed Value
$85,400
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 Sullivan, Crawford County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63080 | $39,540 | $60,700 | $85,400 | $127,300 | $192,860 |
Source: Ownwell
Property Tax Bills Across Sullivan, Crawford County, Missouri
In Sullivan, located in Crawford County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the county assessor. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, the median home price in Sullivan is $85,400. Several factors influence the property tax bill, including the property's location, size, and any improvements made. Local tax rates and state regulations also play a significant role. In Sullivan, the tax bill at the 25th percentile is $646, while at the 75th percentile, it's $1,386. For those in the 90th percentile, the tax bill can reach up to $2,001. Homeowners in Sullivan should be aware that their property tax bills can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Sullivan's rates are relatively moderate, making it a financially manageable location for property owners.
Average Sullivan Tax Bill
$907
Average Crawford County Tax Bill
$745
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sullivan, Crawford County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63080 | $432 | $646 | $907 | $1,386 | $2,001 |
Source: Ownwell