Aldrich, Missouri Property Taxes
The median property tax rate in Aldrich, MO is 1.09%, slightly above the national median of 0.99% but below Missouri's state median of 1.20%. With a median home value of $39,360 in Aldrich, the typical annual property tax bill is $382, significantly lower than the national median of $2,690. Property taxes in Aldrich are calculated based on the assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Aldrich'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 Aldrich or another part of Dade County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aldrich, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$429
Ownwell’s Aldrich Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aldrich with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aldrich 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 Aldrich, Missouri
Property taxes in Aldrich, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aldrich is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Aldrich set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aldrich 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 Aldrich's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65601 has the highest median property tax rate of 1.09%, while the same zip code has the lowest median tax rate of 1.09%. Understanding how these cities compare with Aldrich provides valuable insights into the varying tax landscape across Dade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aldrich Tax Rate
1.09%
Average Dade County Tax Rate
1.05%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aldrich, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65601 | 0.94% | 1.05% | 1.09% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Aldrich, Missouri
In Aldrich, 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 Dade 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 Aldrich, 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 Aldrich helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Aldrich both stand at $382, specifically in the 65601 zip code.
Average Aldrich Assessed Value
$39,360
Average Dade County Assessed Value
$50,295
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aldrich, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65601 | $4,336 | $14,700 | $39,360 | $82,840 | $134,488 |
Source: Ownwell
Property Tax Bills Across Aldrich, Missouri
In Aldrich, located in Dade County, MO, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. For example, if a home has a market value of $39,360, the assessed value is a fraction of this amount, as determined by local regulations. The property tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the market value of the property, assessment ratios, and the local tax rate. Homeowners in Aldrich can expect a range in their tax bills, with the 25th percentile at $159 and the 75th percentile reaching $857. The 90th percentile tax bill can go up to $1,395, indicating significant variation based on property values and other factors. Compared to the national median property tax rate of 0.99%, Aldrich's tax rates provide a perspective on how local taxes can impact homeowners. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Aldrich Tax Bill
$382
Average Dade County Tax Bill
$544
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Aldrich, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65601 | $44 | $159 | $382 | $857 | $1,395 |
Source: Ownwell