Pomona, Howell County, Missouri Property Taxes
The median property tax rate in Pomona, MO is 0.65%, significantly lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Pomona at $79,620, the typical annual property tax bill amounts to $525, well below the national median of $2,690. Property taxes in Pomona are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Pomona'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 Pomona 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
Pomona, Howell County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$518
$480
Ownwell’s Pomona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pomona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pomona 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 Pomona, Howell County, Missouri
Property taxes in Pomona, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pomona is 0.65%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Pomona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pomona 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 Pomona's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65789 has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these areas compare with Pomona 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 Pomona Tax Rate
0.65%
Average Howell County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pomona, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65789 | 0.60% | 0.61% | 0.65% | 0.67% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Pomona, Howell County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pomona, Missouri. 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 Pomona, 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 Pomona is $79,620, with the 25th percentile tax bill at $289 and the 75th percentile tax bill at $813. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pomona, Howell County, Missouri
Source: Ownwell
$58,260
$73,590
$88,920
Average Pomona Assessed Value
$79,620
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 Pomona, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65789 | $22,256 | $40,530 | $79,620 | $125,320 | $181,876 |
Source: Ownwell
Property Tax Bills Across Pomona, Howell County, Missouri
In Pomona, Howell County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $79,620, the assessed value determines the tax bill. Factors such as property size, location, and improvements play a role in assessing value. These assessed values are then multiplied by the local tax rate to determine the final tax bill. Homeowners in Pomona can expect varying tax bills. At the 25th percentile, the tax bill is around $289, while at the 75th percentile, it rises to $813. The 90th percentile sees tax bills as high as $1,188. Comparatively, the median property tax rate nationally is 0.99%, which provides a benchmark for understanding local tax burdens. The highest and lowest median tax bill in Pomona is the same, at $525, indicating a level of consistency within certain areas. Understanding these factors helps homeowners anticipate their financial responsibilities.
Average Pomona Tax Bill
$525
Average Howell County Tax Bill
$607
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pomona, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65789 | $163 | $289 | $525 | $813 | $1,188 |
Source: Ownwell