Spickard, Missouri Property Taxes
The median property tax rate in Spickard, MO is 1.34%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Spickard at $41,230, the typical annual property tax bill reaches $532, which is significantly lower than the national median of $2,690. Property taxes in Spickard are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Spickard'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 Spickard 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
Spickard, 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 Spickard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spickard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spickard 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 Spickard, Missouri
Property taxes in Spickard, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Spickard is 1.34%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Spickard set these rates annually, and they can vary across different neighborhoods. Each year, Spickard 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 Spickard's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64679 zip code has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Spickard provides valuable insights into the varying tax landscape across Grundy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Spickard Tax Rate
1.34%
Average Grundy County Tax Rate
1.42%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spickard, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64679 | 1.09% | 1.22% | 1.34% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Spickard, Missouri
In Spickard, 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 Grundy County Appraisal District 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 Spickard, 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 Spickard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64679 has the highest and lowest median tax bill at $532.
Average Spickard Assessed Value
$41,230
Average Grundy County Assessed Value
$44,895
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spickard, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64679 | $7,496 | $17,580 | $41,230 | $87,745 | $128,118 |
Source: Ownwell
Property Tax Bills Across Spickard, Missouri
In Spickard, located in Grundy County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in this region typically see a median home price of $41,230. The tax bill homeowners receive is influenced by various factors, including the property's assessed value, local tax rates, and applicable exemptions. For instance, tax bills in Spickard range significantly, with the 25th percentile at $249 and the 75th percentile reaching $1,082, while the 90th percentile can go up to $1,524. Compared to the national median property tax rate of 0.99%, Grundy County's tax rates can result in relatively varied tax bills. This variability means that homeowners might experience different financial impacts depending on their property's assessed value and the specific rates applied. The highest median tax bill recorded in the area is $532, highlighting the potential for significant differences in tax obligations within the same region. Understanding these factors is crucial for homeowners to anticipate their annual property tax expenses accurately.
Average Spickard Tax Bill
$532
Average Grundy County Tax Bill
$610
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Spickard, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64679 | $110 | $249 | $532 | $1,082 | $1,524 |
Source: Ownwell