Washburn, Missouri Property Taxes
The median property tax rate in Washburn, MO is 0.76%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $75,885 in Washburn, the typical annual property tax bill amounts to $588, significantly less than the national median of $2,690. Property taxes in Washburn are determined based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a clear understanding of Washburn's property tax system, exploring available exemptions, and pinpointing opportunities for reductions can result in substantial annual savings. Whether you're residing in the heart of Washburn or in another part of the city, mastering the local property tax system offers substantial benefits for homeowners and real estate investors alike.
Last Updated June 14, 2024
Washburn, 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 WASHBURN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WASHBURN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WASHBURN 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 Washburn, Missouri
Property taxes in Washburn, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Washburn is 0.76%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Washburn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washburn 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 Washburn's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65772 zip code has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Washburn provides valuable insights into the varying tax landscape across McDonald County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Washburn Tax Rate
0.76%
Average Mcdonald County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washburn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65772 | 0.66% | 0.72% | 0.76% | 0.76% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Washburn, Missouri
In Washburn, 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 McDonald 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 Washburn, 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. The median home price in Washburn is $75,885. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Washburn is $588 in the 65772 zip code, while the lowest is also $588 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Washburn Assessed Value
$75,885
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 Washburn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65772 | $29,830 | $41,422 | $75,885 | $136,802 | $228,065 |
Source: Ownwell
Property Tax Bills Across Washburn, Missouri
In Washburn, located in McDonald County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, reflecting what the property might sell for under normal conditions. Local tax rates, set by various taxing authorities such as school districts and municipalities, are then applied to this assessed value to determine the final tax bill. For homeowners in Washburn, the median home price is $75,885. Property tax bills can vary significantly, with the 25th percentile at $305 and the 75th percentile at $994, indicating a broad range of tax obligations. At the 90th percentile, the tax bill can reach up to $1,573. These taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Washburn's tax rates can be considered relatively moderate, offering homeowners a balanced approach to property taxation.
Average Washburn Tax Bill
$588
Average Mcdonald County Tax Bill
$473
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Washburn, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65772 | $213 | $305 | $588 | $994 | $1,573 |
Source: Ownwell