Pattonsburg, Missouri Property Taxes
The median property tax rate in Pattonsburg, MO is 1.35%, significantly higher than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $59,120 in Pattonsburg, the typical annual property tax bill comes to $807, which is notably lower than the national median of $2,690. Property taxes in Pattonsburg are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Pattonsburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Pattonsburg or another part of Daviess County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pattonsburg, 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 Pattonsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pattonsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pattonsburg 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 Pattonsburg, Missouri
Property taxes in Pattonsburg, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pattonsburg is 1.35%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Pattonsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pattonsburg 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 Pattonsburg's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 64670 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Pattonsburg provides valuable insights into the varying tax landscape across Daviess County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pattonsburg Tax Rate
1.35%
Average Daviess County Tax Rate
1.28%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pattonsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64670 | 1.04% | 1.23% | 1.35% | 1.50% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Pattonsburg, Missouri
In Pattonsburg, 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 Daviess County Assessor's Office 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 Pattonsburg, 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 Pattonsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $807 in the 64670 zip code, while the lowest is also $807 in the same zip code.
Average Pattonsburg Assessed Value
$59,120
Average Daviess County Assessed Value
$66,100
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pattonsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64670 | $23,874 | $36,950 | $59,120 | $101,280 | $158,438 |
Source: Ownwell
Property Tax Bills Across Pattonsburg, Missouri
In Pattonsburg, Daviess County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For homeowners in Pattonsburg, the median home price is $59,120. The tax bill can vary widely, with the 25th percentile at $488 and the 75th percentile at $1,325. At the 90th percentile, homeowners might see a tax bill as high as $2,089. The highest median tax bill in the area is $807, which is consistent across the zip code 64670. Compared to the national median property tax rate of 0.99%, the tax rates in Pattonsburg can have a significant impact on homeowners' annual expenses. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Pattonsburg Tax Bill
$807
Average Daviess County Tax Bill
$845
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pattonsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64670 | $285 | $488 | $807 | $1,325 | $2,089 |
Source: Ownwell