Pittsburg, Missouri Property Taxes
The median property tax rate in Pittsburg, MO is 0.74%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $23,085 in Pittsburg, the typical annual property tax bill amounts to $167, well below the national median of $2,690. Property taxes in Pittsburg are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pittsburg'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 Pittsburg or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pittsburg, 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 Pittsburg Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Pittsburg to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Pittsburg, Missouri
Property taxes in Pittsburg, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pittsburg is 0.74%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Pittsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pittsburg 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 Pittsburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65724 zip code has the highest median property tax rate of 0.74%, while the 65724 zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Pittsburg provides valuable insights into the varying tax landscape across Hickory County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pittsburg Tax Rate
0.74%
Average Hickory County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pittsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65724 | 0.68% | 0.73% | 0.74% | 0.75% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Pittsburg, Missouri
In Pittsburg, 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 Hickory 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 Pittsburg, 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 Pittsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pittsburg is $23,085, with tax bills ranging from $106 at the 25th percentile to $336 at the 90th percentile. The highest and lowest median tax bills are both $167 in the 65724 zip code.
Average Pittsburg Assessed Value
$23,085
Average Hickory County Assessed Value
$25,410
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pittsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65724 | $10,550 | $14,838 | $23,085 | $34,090 | $47,347 |
Source: Ownwell
Property Tax Bills Across Pittsburg, Missouri
In Pittsburg, MO, located in Hickory County, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, typically determined by the county assessor. Homeowners in Pittsburg can expect a median property tax bill of $167, which is significantly lower than the national median property tax rate of 0.99%. Factors that influence the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For example, the tax bill for the 25th percentile is $106, while for the 75th percentile, it rises to $243. The 90th percentile sees a tax bill of $336. These variations highlight how different property values and applicable exemptions can affect the overall tax burden on homeowners. Lower property taxes can make homeownership more affordable, but it's essential for homeowners to stay informed about their property's assessed value and any changes in local tax rates or policies that might impact their tax bills.
Average Pittsburg Tax Bill
$167
Average Hickory County Tax Bill
$177
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pittsburg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65724 | $78 | $106 | $167 | $243 | $336 |
Source: Ownwell