Pattonsburg, Missouri Property Taxes
The median property tax rate in Pattonsburg, MO is 1.20%, matching the state median but significantly higher than the national median of 0.99%. With a median home value of $93,385, the typical annual property tax bill in Pattonsburg reaches $1,024, which is below the national median of $2,690. Property taxes in Pattonsburg are calculated based on the assessed value, which generally falls below the market value due to exemptions like those for primary residences and agricultural properties. 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 Harrison County, 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
1.2%
Estimate Property Tax Bill
$1,121
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pattonsburg is 0.91%, which is lower than both the Missouri state median of 0.97% and 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 counties in Missouri and the national median. For comparison, the 64670 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Pattonsburg provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pattonsburg Tax Rate
1.20%
Average Harrison County Tax Rate
1.31%
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 | 0.93% | 1.06% | 1.20% | 1.29% | 1.31% |
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 Harrison 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 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. The median home price in Pattonsburg is $93,385, with the 25th percentile tax bill at $742 and the 75th percentile tax bill at $1,278. 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.
Average Pattonsburg Assessed Value
$93,385
Average Harrison County Assessed Value
$35,200
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 | $31,871 | $58,545 | $93,385 | $121,742 | $180,208 |
Source: Ownwell
Property Tax Bills Across Pattonsburg, Missouri
In Pattonsburg, located in Harrison 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 $93,385. Property tax rates in this area are determined by local taxing authorities and can vary, but they generally reflect the funding needs for public services like schools and infrastructure. For homeowners in Pattonsburg, the tax bill can vary significantly. The 25th percentile tax bill is around $742, while the 75th percentile tax bill is approximately $1,278. At the 90th percentile, homeowners might see tax bills as high as $2,277. These figures indicate a range of possible tax burdens, influenced by property values and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Pattonsburg's property tax rates can be seen as relatively moderate, providing a balanced approach to funding essential services without excessively burdening homeowners.
Average Pattonsburg Tax Bill
$1,024
Average Harrison County Tax Bill
$480
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 | $345 | $742 | $1,024 | $1,278 | $2,277 |
Source: Ownwell