Pattonsburg, Missouri Property Taxes
The median property tax rate in Pattonsburg, MO is 1.40%, significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $111,600 in Pattonsburg, the typical annual property tax bill reaches $1,510, which is still below the national median of $2,690. Property taxes in Pattonsburg are calculated based on the assessed value, which often falls below market value due to various exemptions like primary residence and agricultural exemptions. Understanding Pattonsburg'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 Pattonsburg or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pattonsburg, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,562
Ownwell’s Pattonsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pattonsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pattonsburg 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 Pattonsburg, Missouri
Property taxes in Pattonsburg, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pattonsburg is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pattonsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pattonsburg 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 Pattonsburg's effective property tax rate to other cities in Gentry County and the national median. For comparison, the zip code 64670 has the highest median property tax rate of 1.40%, while the zip code 64670 also has the lowest median tax rate of 1.40%. Understanding how these areas compare with Pattonsburg provides valuable insights into the varying tax landscape across Gentry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pattonsburg Tax Rate
1.40%
Average Gentry County Tax Rate
1.36%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pattonsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64670 | 1.12% | 1.33% | 1.40% | 1.50% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Pattonsburg, Missouri
In Pattonsburg, 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 local county authorities 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 Pattonsburg, 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 Pattonsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1510 in the 64670 zip code, while the lowest median tax bill is also $1510 in the same zip code.
Average Pattonsburg Assessed Value
$111,600
Average Gentry County Assessed Value
$52,950
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pattonsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64670 | $24,812 | $54,698 | $111,600 | $139,315 | $186,906 |
Source: Ownwell
Property Tax Bills Across Pattonsburg, Missouri
In Pattonsburg, located in Gentry 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 Pattonsburg is $111,600. Local tax rates are then applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and local government budgets influence the final amount. Homeowners in Pattonsburg typically see tax bills ranging from $619 at the 25th percentile to $2,129 at the 75th percentile, with the 90th percentile reaching up to $2,825. Compared to the national median property tax rate of 0.99%, Pattonsburg's property taxes can significantly impact household budgets. For instance, in the zip code 64670, the median tax bill is $1,510. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan accordingly.
Average Pattonsburg Tax Bill
$1,510
Average Gentry County Tax Bill
$746
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pattonsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64670 | $329 | $619 | $1,510 | $2,129 | $2,825 |
Source: Ownwell