Winigan, Linn County, Missouri Property Taxes
The median property tax rate in Winigan, 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 Winigan at $25,900, the typical annual property tax bill is $203, significantly below the national median of $2,690. Property taxes in Winigan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Winigan'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 Winigan or another part of Linn County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winigan, Linn County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$272
$252
Ownwell’s Winigan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winigan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winigan 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 Winigan, Linn County, Missouri
Property taxes in Winigan, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winigan is 0.89%, slightly below both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Winigan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winigan 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. Understanding how Winigan's effective property tax rate compares to other counties in Missouri and the national median provides valuable insights into the varying tax landscape across Linn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winigan Tax Rate
1.05%
Average Linn County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winigan, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63566 | 0.73% | 0.90% | 1.05% | 1.16% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Winigan, Linn County, Missouri
In Winigan, 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 Linn 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 Winigan, 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 Winigan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $203 in zip code 63566, while the lowest median tax bill is also $203 in the same zip code, offering a consistent tax expectation for residents.
Property Tax Assessment Values Across Winigan, Linn County, Missouri
Source: Ownwell
$9,900
$40,150
$70,400
Average Winigan Assessed Value
$25,900
Average Linn County Assessed Value
$25,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winigan, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63566 | $1,060 | $4,050 | $25,900 | $102,500 | $144,500 |
Source: Ownwell
Property Tax Bills Across Winigan, Linn County, Missouri
In Winigan, located in Linn County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. For homeowners, this means that the higher the market value of their property, the higher their tax bill will be. Factors such as property improvements, neighborhood developments, and changes in the local real estate market can influence the assessed value. The median home price in Winigan is $25,900, which is significantly lower than the national median. Consequently, property tax bills in this area also tend to be lower. For instance, the tax bill at the 25th percentile is $38, while at the 75th percentile, it rises to $965. The highest median tax bill recorded in the area is $203, which is still considerably below the national median property tax rate of 0.99%. Homeowners in Winigan benefit from relatively low property taxes, making it an affordable place to live. However, they should still be aware of how local factors can impact their assessed values and subsequent tax bills.
Average Winigan Tax Bill
$203
Average Linn County Tax Bill
$264
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Winigan, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63566 | $12 | $38 | $203 | $965 | $1,558 |
Source: Ownwell