Amity, Missouri Property Taxes
The median property tax rate in Amity, MO is 0.97%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Amity at $86,865, the typical annual property tax bill is $807, well below the national median of $2,690. Property taxes in Amity are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Amity'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 Amity or another part of DeKalb County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amity, 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 Amity Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amity with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amity 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 Amity, Missouri
Property taxes in Amity, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Amity is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Amity set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amity 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 Amity's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64422 within DeKalb County has both the highest and lowest median property tax rate of 0.97%. Understanding how these areas compare with Amity provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amity Tax Rate
0.97%
Average Dekalb County Tax Rate
1.02%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amity, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64422 | 0.77% | 0.86% | 0.97% | 1.03% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Amity, Missouri
In Amity, 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 DeKalb 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 Amity, 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. The median home price in Amity is $86,865, with tax bills ranging from $450 at the 25th percentile to $1,876 at the 90th percentile. The zip code 64422 has the highest and lowest median tax bill, both at $807. Being aware of these valuation processes in Amity helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Amity Assessed Value
$86,865
Average Dekalb County Assessed Value
$90,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amity, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64422 | $24,447 | $48,382 | $86,865 | $126,952 | $188,285 |
Source: Ownwell
Property Tax Bills Across Amity, Missouri
In Amity, DeKalb County, MO, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of your property and then applies an assessment ratio to arrive at the assessed value. For instance, if your home has a market value of $86,865, the assessed value will be a percentage of this figure, as dictated by Missouri state law. The local tax rate, which is applied to the assessed value, is set by various taxing authorities, including the county, school districts, and other local entities. These rates can vary, but they collectively determine your total tax bill. In Amity, the tax bills range significantly, with the 25th percentile at $450 and the 75th percentile at $1,215, indicating a wide variation based on property values and tax rates. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly. The highest median tax bill in the area is $807, which aligns with the national median property tax rate of 0.99%.
Average Amity Tax Bill
$807
Average Dekalb County Tax Bill
$916
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Amity, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64422 | $235 | $450 | $807 | $1,215 | $1,876 |
Source: Ownwell