Weatherby, Missouri Property Taxes
The median property tax rate in Weatherby, MO is 1.26%, noticeably higher than the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $81,575 in Weatherby, the typical annual property tax bill amounts to $1,021, which is below the national median of $2,690. Property taxes in Weatherby are based on the assessed value, which is generally lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Weatherby'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 Weatherby or elsewhere in the area, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Weatherby, 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 Weatherby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weatherby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weatherby 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 Weatherby, Missouri
Property taxes in Weatherby, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weatherby is 1.26%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Weatherby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weatherby 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 Weatherby's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64497 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Weatherby 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 Weatherby Tax Rate
1.26%
Average Daviess County Tax Rate
1.28%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weatherby, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64497 | 1.07% | 1.16% | 1.26% | 1.30% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Weatherby, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Weatherby, Missouri. 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 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 Weatherby, 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 Weatherby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64497, for instance, has both the highest and lowest median tax bill at $1,021.
Average Weatherby Assessed Value
$81,575
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 Weatherby, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64497 | $21,779 | $49,462 | $81,575 | $115,155 | $150,430 |
Source: Ownwell
Property Tax Bills Across Weatherby, Missouri
In Weatherby, located in Daviess County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the market value of the property. For example, with a median home price of $81,575, homeowners can expect their property tax bill to vary significantly. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. In Weatherby, the tax bills range from the 25th percentile at $603 to the 75th percentile at $1,430, with the 90th percentile reaching up to $1,837. These figures highlight how property taxes can impact homeowners differently based on their property's assessed value and other considerations. Comparatively, Weatherby's property tax rates are in line with the national median property tax rate of 0.99%, making it essential for homeowners to understand how these calculations affect their annual financial planning.
Average Weatherby Tax Bill
$1,021
Average Daviess County Tax Bill
$845
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Weatherby, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64497 | $258 | $603 | $1,021 | $1,430 | $1,837 |
Source: Ownwell