Koshkonong, Howell County, Missouri Property Taxes
The median property tax rate in Koshkonong, MO is 0.79%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $64,145 in Koshkonong, the typical annual property tax bill is $502, significantly below the national median of $2,690. Property taxes in Koshkonong are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Koshkonong’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 Koshkonong or elsewhere in Howell County, comprehending the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Koshkonong, Howell County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$507
$470
Ownwell’s Koshkonong Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Koshkonong with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Koshkonong 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 Koshkonong, Howell County, Missouri
Property taxes in Koshkonong, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Koshkonong is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Koshkonong set these rates annually, and they can vary significantly across different neighborhoods. Each year, Koshkonong 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 Koshkonong's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65692 has the highest median property tax rate of 0.79%, while the same zip code 65692 also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Koshkonong provides valuable insights into the varying tax landscape across Howell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Koshkonong Tax Rate
0.79%
Average Howell County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Koshkonong, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65692 | 0.60% | 0.68% | 0.79% | 0.84% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Koshkonong, Howell County, Missouri
In Koshkonong, 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 Howell 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 Koshkonong, 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 Koshkonong helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 65692 has both the highest and lowest median tax bill at $502.
Property Tax Assessment Values Across Koshkonong, Howell County, Missouri
Source: Ownwell
$58,260
$73,590
$88,920
Average Koshkonong Assessed Value
$64,145
Average Howell County Assessed Value
$81,680
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Koshkonong, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65692 | $19,045 | $30,230 | $64,145 | $109,895 | $163,828 |
Source: Ownwell
Property Tax Bills Across Koshkonong, Howell County, Missouri
In Koshkonong, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as the property's location, size, and improvements can influence its assessed value. For homeowners, this means that changes in property values or local tax rates can directly impact their tax bills. For example, the median home price in Koshkonong is $64,145. Homeowners at the 25th percentile can expect a tax bill around $290, while those at the 75th percentile might see bills closer to $876. At the 90th percentile, tax bills can reach up to $1,305. These figures highlight the range of property tax burdens within the city. Compared to the national median property tax rate of 0.99%, Koshkonong offers a relatively affordable tax environment, which can be a significant factor for current and prospective homeowners.
Average Koshkonong Tax Bill
$502
Average Howell County Tax Bill
$607
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Koshkonong, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65692 | $150 | $290 | $502 | $876 | $1,305 |
Source: Ownwell