Moody, Howell County, Missouri Property Taxes
The median property tax rate in Moody, 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 $58,260 in Moody, the typical annual property tax bill amounts to $410, well below the national median of $2,690. Property taxes in Moody are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Moody's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Moody or another part of Howell County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moody, Howell County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$431
$400
Ownwell’s Moody Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moody with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moody 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 Moody, Howell County, Missouri
Property taxes in Moody, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Moody is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Moody set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moody 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 Moody's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65777 has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Moody 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 Moody Tax Rate
0.74%
Average Howell County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moody, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65777 | 0.65% | 0.72% | 0.74% | 0.75% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Moody, Howell County, Missouri
In Moody, 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 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 Moody, 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 Moody helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $410 in the 65777 zip code, while the lowest is also $410 in the same zip code.
Property Tax Assessment Values Across Moody, Howell County, Missouri
Source: Ownwell
$58,260
$73,590
$88,920
Average Moody Assessed Value
$58,260
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 Moody, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65777 | $14,288 | $37,150 | $58,260 | $89,922 | $164,484 |
Source: Ownwell
Property Tax Bills Across Moody, Howell County, Missouri
In Moody, Howell County, MO, property tax bills are determined by the assessed value of your home and the local tax rate. The assessed value is a percentage of the property's market value, which is periodically determined by the county assessor. For instance, if your home's market value is $58,260, the assessed value will be a fraction of this amount, depending on state regulations. The tax rate is then applied to this assessed value to calculate your annual tax bill. Factors such as property location, local government budgets, and public service needs influence the tax rate. In Moody, property tax bills can vary significantly. Homeowners in the 25th percentile pay around $272, while those in the 75th percentile pay about $658. The highest median tax bill recorded in the area is $410. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Moody Tax Bill
$410
Average Howell County Tax Bill
$607
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Moody, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65777 | $130 | $272 | $410 | $658 | $1,210 |
Source: Ownwell