Duenweg, Missouri Property Taxes
The median property tax rate in Duenweg, MO, is 0.89%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Duenweg at $62,460, the typical annual property tax bill amounts to $538, significantly below the national median of $2,690. Property taxes in Duenweg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Duenweg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Duenweg or another part of Jasper County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duenweg, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Duenweg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duenweg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duenweg 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 Duenweg, Missouri
Property taxes in Duenweg, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duenweg is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Duenweg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duenweg 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 Duenweg's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 64841 has the same median property tax rate of 0.89%. Understanding how these cities compare with Duenweg provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duenweg Tax Rate
0.89%
Average Jasper County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duenweg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64841 | 0.66% | 0.88% | 0.89% | 0.91% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Duenweg, Missouri
In Duenweg, 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 Jasper 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 Duenweg, 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 Duenweg 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 $538, found in zip code 64841.
Average Duenweg Assessed Value
$62,460
Average Jasper County Assessed Value
$82,940
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Duenweg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64841 | $39,820 | $52,478 | $62,460 | $98,100 | $153,171 |
Source: Ownwell
Property Tax Bills Across Duenweg, Missouri
In Duenweg, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Duenweg, the median home price is $62,460. Property tax bills can vary significantly, with the 25th percentile tax bill being $446, the 75th percentile at $754, and the 90th percentile reaching $971. The tax rate in Duenweg is influenced by various factors, including funding requirements for local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Duenweg's rates are reflective of the local economic conditions and public service needs. For homeowners, understanding these factors is crucial as property taxes represent a significant portion of homeownership costs and can impact overall affordability. The highest and lowest median tax bill in the area is $538, both occurring in the 64841 zip code.
Average Duenweg Tax Bill
$538
Average Jasper County Tax Bill
$737
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Duenweg, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64841 | $272 | $446 | $538 | $754 | $971 |
Source: Ownwell