Knob Noster, Johnson County, Missouri Property Taxes
The median property tax rate in Knob Noster, MO is 1.05%, 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 Knob Noster at $100,777, the typical annual property tax bill amounts to $1,049, which is below the national median of $2,690. Property taxes in Knob Noster are calculated based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Knob Noster'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 Knob Noster or another part of Johnson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Knob Noster, Johnson County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,058
$982
Ownwell’s Knob Noster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Knob Noster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Knob Noster 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 Knob Noster, Johnson County, Missouri
Property taxes in Knob Noster, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Knob Noster is 1.05%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Knob Noster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Knob Noster 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 Knob Noster's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65336 zip code has the highest median property tax rate of 1.05%, while the 65336 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Knob Noster 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 Knob Noster Tax Rate
1.05%
Average Johnson County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Knob Noster, Johnson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65336 | 0.92% | 1.00% | 1.05% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Knob Noster, Johnson County, Missouri
In Knob Noster, 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 Knob Noster, 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 Knob Noster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 65336, with a median tax bill of $1049.
Property Tax Assessment Values Across Knob Noster, Johnson County, Missouri
Source: Ownwell
$37,115
$68,946
$100,777
Average Knob Noster Assessed Value
$100,777
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 Knob Noster, Johnson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65336 | $16,598 | $49,741 | $100,777 | $130,334 | $177,165 |
Source: Ownwell
Property Tax Bills Across Knob Noster, Johnson County, Missouri
In Knob Noster, located in Johnson County, MO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in Knob Noster is $100,777. Property assessments are typically a percentage of the market value, and the local tax rate is applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Knob Noster see a range of tax bills. At the 25th percentile, the tax bill is around $552, while those at the 75th percentile pay approximately $1,423. The tax bill for the 90th percentile reaches $1,824. The median tax bill in the area is $1,049, which is slightly above the national median property tax rate of 0.99%. These property taxes contribute to essential public services, impacting homeowners by funding local schools, infrastructure, and emergency services.
Average Knob Noster Tax Bill
$1,049
Average Johnson County Tax Bill
$947
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Knob Noster, Johnson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65336 | $220 | $552 | $1,049 | $1,423 | $1,824 |
Source: Ownwell