Ozark, Missouri Property Taxes
The median property tax rate in Ozark, MO is 1.01%, slightly above the national median of 0.99% but below the Missouri state median of 1.20%. With a median home value of $437,600, the typical annual property tax bill in Ozark is $4,397, significantly higher than the national median of $2,690. Property taxes in Ozark are based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ozark's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ozark or another part of Greene County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ozark, 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 Ozark Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ozark with just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ozark to forecast your property tax bill. This valuable tool provides a clear understanding of your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, assigned by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Ozark, Missouri
Property taxes in Ozark, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ozark is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Ozark set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ozark 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 Ozark's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65721 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Ozark provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ozark Tax Rate
1.01%
Average Greene County Tax Rate
1.01%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ozark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65721 | 1.01% | 1.01% | 1.01% | 1.05% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Ozark, Missouri
In Ozark, 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 Greene 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 Ozark, 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 Ozark helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65721, with a median tax bill of $4,397.
Average Ozark Assessed Value
$437,600
Average Greene County Assessed Value
$140,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ozark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65721 | $116,300 | $278,050 | $437,600 | $584,300 | $727,100 |
Source: Ownwell
Property Tax Bills Across Ozark, Missouri
In Ozark, Greene County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Homeowners in Ozark can expect their property tax bill to vary significantly depending on their home's value. For example, the median home price in Ozark is $437,600, and tax bills range from the 25th percentile at $2,823 to the 90th percentile at $7,461. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rate set by local taxing authorities. The highest and lowest median tax bills in Ozark are both recorded at $4,397 in the 65721 zip code, reflecting a consistent tax rate within that area. Compared to the national median property tax rate of 0.99%, homeowners in Ozark may experience varying impacts on their finances, depending on their property's assessed value and the local tax rate.
Average Ozark Tax Bill
$4,397
Average Greene County Tax Bill
$1,465
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ozark, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65721 | $1,216 | $2,823 | $4,397 | $5,977 | $7,461 |
Source: Ownwell