Fortuna, Moniteau County, Missouri Property Taxes
The median property tax rate in Fortuna, Missouri is 0.97%, slightly below the national median of 0.99% but significantly lower than Missouri's state median of 1.20%. With the median home value in Fortuna being $59,650, the typical annual property tax bill amounts to $651, which is well below the national median of $2,690. Property taxes in Fortuna are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Fortuna'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 Fortuna or another part of Moniteau County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fortuna, Moniteau County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$579
$537
Ownwell’s Fortuna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fortuna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fortuna 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 Fortuna, Moniteau County, Missouri
Property taxes in Fortuna, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fortuna is 0.97%, slightly below the U.S. national median of 0.99%. Local government entities within Fortuna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fortuna 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 Fortuna's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65034 zip code has both the highest and lowest median property tax rate of 0.97%. Understanding how these areas compare with Fortuna provides valuable insights into the varying tax landscape across Moniteau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fortuna Tax Rate
0.97%
Average Moniteau County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fortuna, Moniteau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65034 | 0.75% | 0.90% | 0.97% | 0.98% | 3.87% |
Source: Ownwell
Property Tax Assessment Values Across Fortuna, Moniteau County, Missouri
In Fortuna, 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 Moniteau 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 Fortuna, 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 Fortuna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65034 has the highest median tax bill at $651.00.
Property Tax Assessment Values Across Fortuna, Moniteau County, Missouri
Source: Ownwell
$47,900
$90,200
$132,500
Average Fortuna Assessed Value
$59,650
Average Moniteau County Assessed Value
$88,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fortuna, Moniteau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65034 | $17,030 | $26,250 | $59,650 | $115,875 | $202,480 |
Source: Ownwell
Property Tax Bills Across Fortuna, Moniteau County, Missouri
In Fortuna, Moniteau County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as the property's location, size, and any applicable exemptions play a significant role in determining the final tax amount. For homeowners in Fortuna, the median home price is $59,650. Property tax bills can vary widely, with the 25th percentile tax bill at $315, the 75th percentile at $1,431, and the 90th percentile reaching up to $3,341. Comparatively, the national median property tax rate stands at 0.99%, highlighting how local rates and property values can significantly impact the tax burden on homeowners. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Fortuna Tax Bill
$651
Average Moniteau County Tax Bill
$1,018
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Fortuna, Moniteau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65034 | $189 | $315 | $651 | $1,431 | $3,341 |
Source: Ownwell