West Plains, Missouri Property Taxes
The median property tax rate in West Plains, MO is 0.81%, notably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in West Plains at $88,920, the typical annual property tax bill is $686, significantly below the national median of $2,690. Property taxes in West Plains are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding West Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of West Plains 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
West Plains, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$720
Ownwell’s WEST PLAINS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST PLAINS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST PLAINS 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 West Plains, Missouri
Property taxes in West Plains, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Plains is 0.81%, which is below the U.S. national median of 0.99%. Local government entities within West Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Plains 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 West Plains' effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65775 has both the highest and lowest median property tax rate of 0.81%. Understanding how these cities compare with West Plains 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 West Plains Tax Rate
0.81%
Average Howell County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Plains, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65775 | 0.62% | 0.68% | 0.81% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across West Plains, Missouri
In West Plains, 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 West Plains, 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 West Plains helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the median tax bill in the 65775 zip code is $686.
Average West Plains Assessed Value
$88,920
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 West Plains, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65775 | $26,730 | $51,085 | $88,920 | $135,565 | $201,094 |
Source: Ownwell
Property Tax Bills Across West Plains, Missouri
Property tax bills in West Plains, Howell County, MO, are calculated based on the assessed value of a property, which is a percentage of its market value. In this area, the median home price is $88,920. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, subsequently affecting the tax bill. For homeowners in West Plains, property tax bills can vary significantly. The 25th percentile tax bill is $425, while the 75th percentile reaches $1,041. At the 90th percentile, homeowners might see tax bills as high as $1,553. The highest and lowest median tax bills in the area are both $686, reflecting some consistency within the zip code 65775. Compared to the national median property tax rate of 0.99%, property taxes in West Plains can be seen as relatively moderate. Understanding these calculations helps homeowners budget accordingly and anticipate any changes in their annual property tax obligations.
Average West Plains Tax Bill
$686
Average Howell County Tax Bill
$607
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across West Plains, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65775 | $247 | $425 | $686 | $1,041 | $1,553 |
Source: Ownwell