Cardwell, Missouri Property Taxes
The median property tax rate in Cardwell, MO is 0.89%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Cardwell at $20,155, the typical annual property tax bill amounts to $186, significantly below the national median of $2,690. Property taxes in Cardwell are 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 Cardwell's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Cardwell or elsewhere in the city, a thorough grasp of the local property tax system can be beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Cardwell, 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 Cardwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cardwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cardwell 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 Cardwell, Missouri
Property taxes in Cardwell, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cardwell is 0.89%, which is below the U.S. national median of 0.99%. Local government entities within Cardwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cardwell 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 Cardwell's effective property tax rate to other areas in Dunklin County and the national median. For comparison, the zip code 63829 has the same median property tax rate of 0.89%. Understanding how these cities compare with Cardwell provides valuable insights into the varying tax landscape across Dunklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cardwell Tax Rate
0.89%
Average Dunklin County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cardwell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63829 | 0.82% | 0.87% | 0.89% | 0.96% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Cardwell, Missouri
In Cardwell, 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 Dunklin 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 Cardwell, 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. For instance, the highest median tax bill in Cardwell is $186.00 in the zip code 63829, while the lowest median tax bill is also $186.00 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cardwell Assessed Value
$20,155
Average Dunklin County Assessed Value
$33,875
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cardwell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63829 | $1,770 | $5,195 | $20,155 | $44,500 | $68,215 |
Source: Ownwell
Property Tax Bills Across Cardwell, Missouri
In Cardwell, located in Dunklin County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of its market value. The tax rate is then applied to this assessed value to calculate the final tax bill. Various factors influence the assessed value, including the home's location, size, and condition. For homeowners in Cardwell, the median home price stands at $20,155, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $56, while the 75th percentile tax bill rises to $395, with the 90th percentile reaching $597. These figures highlight the range of property tax burdens that homeowners can face. Compared to the national median property tax rate of 0.99%, Cardwell's property taxes can be relatively modest. This lower tax burden can make homeownership more affordable for residents, though it also means that local government services funded by property taxes may have different levels of resources compared to higher-tax areas.
Average Cardwell Tax Bill
$186
Average Dunklin County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cardwell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63829 | $18 | $56 | $186 | $395 | $597 |
Source: Ownwell