Mcdonald County Property Taxes
The median property tax rate in McDonald County is 0.75%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in McDonald County, the typical annual property tax bill is $473, far below the national median of $2,690. Property taxes in McDonald County are calculated based on the tax assessed value, which typically falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding McDonald County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Pineville or another part of McDonald County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcdonald County 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 McDonald County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in McDonald County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in McDonald County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Mcdonald County, Missouri
Property taxes in McDonald County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in McDonald County is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within McDonald County set these rates annually, and they can vary significantly between different areas within the county. Each year, McDonald County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares McDonald County's effective property tax rate with other areas and the national median. For comparison, the city of Goodman has one of the higher property tax rates in the region at 0.87%, while the city of South West City boasts one of the lowest at 0.75%. Analyzing how McDonald County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mcdonald County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcdonald County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anderson | 0.69% | 0.74% | 0.75% | 0.75% | 0.76% |
| Exeter | 0.73% | 0.78% | 0.80% | 0.82% | 1.08% |
| Goodman | 0.75% | 0.82% | 0.87% | 0.87% | 0.87% |
| Jane | 0.75% | 0.81% | 0.81% | 0.81% | 0.81% |
| Lanagan | 0.74% | 0.75% | 0.75% | 0.75% | 0.75% |
| Neosho | 0.68% | 0.76% | 0.84% | 0.87% | 0.87% |
| Noel | 0.70% | 0.75% | 0.75% | 0.75% | 0.75% |
| Pineville | 0.72% | 0.75% | 0.77% | 0.81% | 0.81% |
| Powell | 0.69% | 0.75% | 0.79% | 0.81% | 0.82% |
| Rocky Comfort | 0.64% | 0.73% | 0.80% | 0.81% | 0.88% |
| Seligman | 0.67% | 0.75% | 0.76% | 0.80% | 0.81% |
| Seneca | 0.71% | 0.74% | 0.78% | 0.79% | 0.80% |
| South West City | 0.67% | 0.74% | 0.75% | 0.75% | 0.75% |
| Stella | 0.67% | 0.73% | 0.77% | 0.81% | 0.81% |
| Tiff City | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
| Washburn | 0.66% | 0.72% | 0.76% | 0.76% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Mcdonald County, Missouri
In McDonald County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the McDonald County Appraisal District. The assessed value, however, 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 McDonald County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Neosho has the highest median tax bill in the county at $884, while Lanagan has the lowest at $217. Being aware of these valuation processes in McDonald County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Mcdonald County, Missouri
Source: Ownwell
$29,260
$70,300
$111,340
Average Mcdonald County Assessed Value
$63,020
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcdonald County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anderson | $24,943 | $40,882 | $66,130 | $107,194 | $161,802 |
| Exeter | $25,760 | $30,930 | $72,260 | $101,930 | $449,800 |
| Goodman | $24,083 | $38,905 | $57,815 | $91,910 | $140,822 |
| Jane | $24,980 | $38,650 | $67,635 | $100,548 | $151,271 |
| Lanagan | $13,846 | $19,800 | $29,260 | $47,060 | $71,258 |
| Neosho | $32,310 | $46,660 | $111,340 | $205,920 | $252,080 |
| Noel | $20,630 | $32,670 | $57,690 | $95,190 | $160,350 |
| Pineville | $22,983 | $35,950 | $67,575 | $113,765 | $185,548 |
| Powell | $25,824 | $35,648 | $64,555 | $100,832 | $181,297 |
| Rocky Comfort | $23,688 | $35,310 | $62,350 | $110,710 | $178,082 |
| Seligman | $32,396 | $46,704 | $74,090 | $140,345 | $194,638 |
| Seneca | $29,643 | $45,635 | $69,205 | $119,340 | $151,860 |
| South West City | $22,526 | $34,660 | $59,050 | $94,888 | $154,276 |
| Stella | $29,860 | $41,555 | $71,780 | $121,525 | $206,848 |
| Tiff City | $25,346 | $30,995 | $42,225 | $52,988 | $84,438 |
| Washburn | $29,830 | $41,422 | $75,885 | $136,802 | $228,065 |
Source: Ownwell
Property Tax Bills Across Mcdonald County, Missouri
In McDonald County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the amount homeowners pay, including the property's location, size, and condition. For instance, Neosho has the highest median tax bill at $884, while Lanagan has the lowest at $217. Homeowners in McDonald County can expect tax bills ranging from $273 at the 25th percentile to $1,231 at the 90th percentile. Compared to the national median property tax rate of 0.99%, McDonald County offers a relatively affordable rate, making it an attractive option for homeowners. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors can help homeowners anticipate and manage their annual property tax obligations effectively.
Average Mcdonald County Tax Bill
$473
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcdonald County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anderson | $181 | $292 | $481 | $777 | $1,186 |
| Exeter | $208 | $240 | $689 | $885 | $3,259 |
| Goodman | $196 | $311 | $474 | $731 | $1,081 |
| Jane | $197 | $313 | $541 | $833 | $1,166 |
| Lanagan | $101 | $148 | $217 | $344 | $492 |
| Neosho | $254 | $409 | $884 | $1,705 | $1,956 |
| Noel | $140 | $237 | $423 | $704 | $1,153 |
| Pineville | $170 | $268 | $505 | $849 | $1,364 |
| Powell | $167 | $269 | $482 | $779 | $1,235 |
| Rocky Comfort | $181 | $272 | $482 | $864 | $1,267 |
| Seligman | $236 | $335 | $549 | $1,058 | $1,454 |
| Seneca | $212 | $340 | $517 | $923 | $1,155 |
| South West City | $165 | $252 | $425 | $671 | $1,102 |
| Stella | $214 | $320 | $536 | $910 | $1,547 |
| Tiff City | $191 | $233 | $318 | $399 | $631 |
| Washburn | $213 | $305 | $588 | $994 | $1,573 |
Source: Ownwell