Kingsville, Missouri Property Taxes
The median property tax rate in Kingsville, MO is 1.18%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Kingsville, the typical annual property tax bill reaches $656, which is significantly below the national median of $2,690. Property taxes in Kingsville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kingsville'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 Kingsville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kingsville, 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 Kingsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingsville 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 Kingsville, Missouri
Property taxes in Kingsville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingsville is 1.18%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Kingsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingsville 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 Kingsville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64061 zip code has both the highest and lowest median property tax rate of 1.18%. Understanding how these cities compare with Kingsville provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingsville Tax Rate
1.18%
Average Johnson County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64061 | 0.98% | 1.12% | 1.18% | 1.22% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Kingsville, Missouri
In Kingsville, 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 Johnson 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 Kingsville, 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 Kingsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 64061 has the highest and lowest median tax bill, both at $656.
Average Kingsville Assessed Value
$55,721
Average Johnson County Assessed Value
$74,883
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64061 | $13,749 | $25,352 | $55,721 | $96,722 | $129,868 |
Source: Ownwell
Property Tax Bills Across Kingsville, Missouri
In Kingsville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $55,721, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. In Kingsville, the tax bill at the 25th percentile is around $301, while at the 75th percentile, it rises to approximately $1,127. At the 90th percentile, the tax bill can reach up to $1,492. These figures illustrate the range of property tax obligations homeowners might face, significantly affecting their annual expenses. Compared to the national median property tax rate of 0.99%, these values offer insight into how local rates and property values impact overall tax burdens in Kingsville.
Average Kingsville Tax Bill
$656
Average Johnson County Tax Bill
$947
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64061 | $167 | $301 | $656 | $1,127 | $1,492 |
Source: Ownwell