Kennett, Dunklin County, Missouri Property Taxes
Median Kennett, MO effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Kennett, MO home value: $43,695
Median annual Kennett, MO tax bill: $463, $1,937 lower than the national median property tax bill of $2,400.
How are property taxes in Dunklin County calculated?
Property taxes in Kennett, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Kennett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kennett, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Kennett, Dunklin County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$476
$442
Ownwell’s Kennett Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kennett with just two data points.
By entering your property's estimated assessed value, our calculator applies Kennett’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Dunklin County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Dunklin County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Kennett, Dunklin County, Missouri
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Kennett, located in Dunklin County, the property tax rate stands at 1.09%. This rate aligns with the highest and lowest median tax rates in the county, indicating a uniform tax rate across the area. Comparatively, the national median property tax rate is 1.02%, with a median tax bill of $2,400. Missouri’s state median property tax rate is slightly above the national average, reflecting the region's budgetary needs and property values.
While Kennett's property tax rate might seem high compared to the national median, it reflects the local government's commitment to funding essential services and infrastructure. Property owners in Kennett can benefit from understanding these rates and exploring potential exemptions or appeals to manage their tax liabilities better.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Kennett Tax Rate
1.09%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Dunklin County Tax Rate
0.91%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Kennett, Dunklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63857 | 0.87% | 1.07% | 1.09% | 1.09% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Kennett, Dunklin County, Missouri
When examining property taxes in Kennett, MO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Dunklin County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Dunklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Kennett.
For example, the median home price in Kennett is $43,695, with tax bills ranging significantly across the county. Zip code 63857 has the highest median home price at $43,695.
Property Tax Assessment Values Across Kennett, Dunklin County, Missouri
Source: Ownwell
$17,690
$41,835
$65,980
Median Kennett Market Value
$43,695
Median Dunklin County Market Value
$33,875
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Kennett, Dunklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63857 | $5,059 | $18,065 | $43,695 | $73,890 | $112,427 |
Source: Ownwell
Property Tax Bills Across Kennett, Dunklin County, Missouri
In Kennett, Dunklin County, MO, property tax bills are determined by assessing the property's market value and applying the local tax rate. The city's median home price stands at $43,695, with a median property tax bill of $463, which is significantly lower than the national median of $2,400. Tax rates can vary, but homeowners in Kennett generally benefit from lower property tax rates compared to the national average of 1.02%. Factors influencing the tax bill include the property's assessed value and any applicable exemptions or deductions. For instance, tax bills in Kennett range from the 25th percentile at $206 to the 90th percentile at $1,164, indicating variability based on property specifics.
Ownwell assists homeowners in Kennett by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax burdens. This service ensures that property owners pay only their fair share, potentially saving hundreds of dollars annually on their property tax bills.
Median Kennett Tax Bill
$463
Median Dunklin County Tax Bill
$320
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Kennett, Dunklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63857 | $58 | $206 | $463 | $764 | $1,164 |
Source: Ownwell