Pottersville, Missouri Property Taxes
The median property tax rate in Pottersville, MO, is 0.73%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Pottersville at $72,840, the typical annual property tax bill reaches $546, significantly less than the national median of $2,690. Property taxes in Pottersville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pottersville'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 Pottersville 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
Pottersville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$532
Ownwell’s Pottersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pottersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pottersville 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 Pottersville, Missouri
Property taxes in Pottersville, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pottersville is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Pottersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pottersville 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 Pottersville's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65790 has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these figures compare with Pottersville 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 Pottersville Tax Rate
0.73%
Average Howell County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pottersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65790 | 0.70% | 0.71% | 0.73% | 0.73% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Pottersville, Missouri
In Pottersville, 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 Pottersville, 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. Pottersville's median home price is $72,840, with tax bills ranging from $267 at the 25th percentile to $1,126 at the 90th percentile. The zip code 65790 has the highest and lowest median tax bill of $546. 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 Pottersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pottersville Assessed Value
$72,840
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 Pottersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65790 | $20,218 | $34,735 | $72,840 | $115,500 | $158,688 |
Source: Ownwell
Property Tax Bills Across Pottersville, Missouri
In Pottersville, Howell County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Pottersville can expect their tax bill to reflect various factors, including the property's assessed value, local tax rates, and any applicable exemptions. The median home price in Pottersville is $72,840, which serves as a baseline for determining the assessed value. The property tax rate in Pottersville is compared to the national median property tax rate of 0.99%. For example, the tax bill at the 25th percentile is $267, while at the 75th percentile, it rises to $853. The 90th percentile tax bill can go up to $1,126. These figures indicate the range of tax obligations homeowners might face, depending on their property's assessed value and applicable local tax rates. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual housing costs. Accurate assessments and awareness of local tax rates help homeowners budget effectively and anticipate their financial responsibilities.
Average Pottersville Tax Bill
$546
Average Howell County Tax Bill
$607
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pottersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65790 | $167 | $267 | $546 | $853 | $1,126 |
Source: Ownwell