Union Star, Dekalb County, Missouri Property Taxes
The median property tax rate in Union Star, MO is 1.21%, slightly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $82,190 in Union Star, the typical annual property tax bill reaches $991, which is notably below the national median of $2,690. Property taxes in Union Star are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Union Star'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 Union Star 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
Union Star, Dekalb County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$994
$923
Ownwell’s Union Star Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union Star with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union Star 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 Union Star, Dekalb County, Missouri
Property taxes in Union Star, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Star is 1.21%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Union Star set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Star 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 Union Star's effective property tax rate to other areas in Missouri and the national median. For comparison, the 64494 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these areas compare with Union Star 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 Union Star Tax Rate
1.21%
Average Dekalb County Tax Rate
1.02%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Star, Dekalb County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64494 | 1.00% | 1.10% | 1.21% | 1.27% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Union Star, Dekalb County, Missouri
In Union Star, 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 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 Union Star, 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 Union Star helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Union Star is $82,190, with median tax bills ranging from $573 at the 25th percentile to $2,076 at the 90th percentile. The zip code 64494 has both the highest and lowest median tax bills at $991.
Property Tax Assessment Values Across Union Star, Dekalb County, Missouri
Source: Ownwell
$79,775
$96,658
$113,540
Average Union Star Assessed Value
$82,190
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 Union Star, Dekalb County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64494 | $29,230 | $43,120 | $82,190 | $120,860 | $185,912 |
Source: Ownwell
Property Tax Bills Across Union Star, Dekalb County, Missouri
In Union Star, DeKalb County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Union Star is $82,190. To determine the tax bill, the local tax rate is applied to the assessed value. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For instance, homeowners in the 25th percentile pay around $573, while those in the 75th percentile face bills approximately $1,386. The 90th percentile of homeowners can see bills as high as $2,076. The median tax bill in Union Star stands at $991, which provides a useful benchmark for comparison. This tax bill is relatively low when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Union Star Tax Bill
$991
Average Dekalb County Tax Bill
$916
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Star, Dekalb County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64494 | $374 | $573 | $991 | $1,386 | $2,076 |
Source: Ownwell