Urbana, Dallas County, Missouri Property Taxes
The median property tax rate in Urbana, MO is 0.76%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $61,900 in Urbana, the typical annual property tax bill amounts to $468, significantly less than the national median of $2,690. Property taxes in Urbana are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Urbana'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 Urbana 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
Urbana, Dallas County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$470
$437
Ownwell’s Urbana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Urbana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Urbana 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 Urbana, Dallas County, Missouri
Property taxes in Urbana, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Urbana is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Urbana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Urbana 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 Urbana's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65767 zip code has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these areas compare with Urbana provides valuable insights into the varying tax landscape across Dallas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Urbana Tax Rate
0.76%
Average Dallas County Tax Rate
0.78%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Urbana, Dallas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65767 | 0.67% | 0.72% | 0.76% | 0.80% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Urbana, Dallas County, Missouri
In Urbana, 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 Dallas 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 Urbana, 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 Urbana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65767, with a bill of $468.00, while the lowest median tax bill is also in 65767, with the same amount.
Property Tax Assessment Values Across Urbana, Dallas County, Missouri
Source: Ownwell
$49,750
$74,375
$99,000
Average Urbana Assessed Value
$61,900
Average Dallas County Assessed Value
$66,700
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Urbana, Dallas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65767 | $19,460 | $32,400 | $61,900 | $109,200 | $158,740 |
Source: Ownwell
Property Tax Bills Across Urbana, Dallas County, Missouri
Property tax bills in Urbana, located in Dallas County, MO, are calculated based on the assessed value of a property, which is derived from its market value. The median home price in Urbana is $61,900. Local tax authorities apply a specific tax rate to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's assessed value, local tax rates, and applicable exemptions. For instance, homeowners with properties in the 25th percentile can expect to pay around $253 annually, while those in the 75th percentile might pay approximately $798. At the 90th percentile, the tax bill could reach up to $1,172. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. These property taxes fund essential services such as schools, infrastructure, and public safety, directly impacting the quality of life for homeowners in Urbana.
Average Urbana Tax Bill
$468
Average Dallas County Tax Bill
$511
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Urbana, Dallas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65767 | $155 | $253 | $468 | $798 | $1,172 |
Source: Ownwell