Willow Springs, Howell County, Missouri Property Taxes
The median property tax rate in Willow Springs, MO is 0.61%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Willow Springs at $68,260, the typical annual property tax bill is $432, well below the national median of $2,690. Property taxes in Willow Springs 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 Willow Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Willow Springs 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
Willow Springs, Howell County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$416
$386
Ownwell’s Willow Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willow Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willow Springs 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 Willow Springs, Howell County, Missouri
Property taxes in Willow Springs, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willow Springs is 0.61%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Willow Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willow Springs 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 Willow Springs' effective property tax rate to other counties in Missouri and the national median. For comparison, the 65793 zip code has the highest median property tax rate of 0.61%, while the 65793 zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Willow Springs 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 Willow Springs Tax Rate
0.61%
Average Howell County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willow Springs, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65793 | 0.58% | 0.60% | 0.61% | 0.62% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Willow Springs, Howell County, Missouri
In Willow Springs, 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. Assessment notices in Willow Springs 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 Willow Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $432, found in the zip code 65793.
Property Tax Assessment Values Across Willow Springs, Howell County, Missouri
Source: Ownwell
$58,260
$73,590
$88,920
Average Willow Springs Assessed Value
$68,260
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 Willow Springs, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65793 | $20,038 | $37,140 | $68,260 | $111,940 | $162,516 |
Source: Ownwell
Property Tax Bills Across Willow Springs, Howell County, Missouri
In Willow Springs, Howell County, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. Homeowners in Willow Springs see property tax bills that vary significantly, with the 25th percentile at $242 and the 75th percentile reaching $687. The 90th percentile tax bill can go up to $984. Several factors influence the final tax bill, including the local tax rate, which is applied to the assessed value, and any applicable exemptions or deductions. The median home price in Willow Springs stands at $68,260, and the median property tax rate in Missouri is generally lower than the national median of 0.99%. For homeowners, understanding these calculations is crucial as property taxes can impact monthly mortgage payments and overall affordability. High property taxes can deter potential buyers, while lower taxes can make homeownership more attractive in Willow Springs.
Average Willow Springs Tax Bill
$432
Average Howell County Tax Bill
$607
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Willow Springs, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65793 | $142 | $242 | $432 | $687 | $984 |
Source: Ownwell