Russellville, Moniteau County, Missouri Property Taxes
The median property tax rate in Russellville, MO is 1.09%, slightly above the national median of 0.99% but below the Missouri state median of 1.20%. With a median home value of $113,400 in Russellville, the typical annual property tax bill amounts to $1,322, which is under the national median of $2,690. Property taxes here are based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Russellville'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 Russellville 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
Russellville, Moniteau County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,236
$1,147
Ownwell’s Russellville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Russellville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Russellville 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 Russellville, Moniteau County, Missouri
Property taxes in Russellville, MO, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Russellville is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Russellville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Russellville 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 Russellville's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65074 has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these areas compare with Russellville 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 Russellville Tax Rate
1.09%
Average Moniteau County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Russellville, Moniteau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65074 | 0.94% | 1.03% | 1.09% | 1.11% | 3.28% |
Source: Ownwell
Property Tax Assessment Values Across Russellville, Moniteau County, Missouri
In Russellville, 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 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 Russellville, 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. The highest median tax bill in Russellville is $1,322 in the 65074 zip code, while the lowest median tax bill is also $1,322 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.
Property Tax Assessment Values Across Russellville, Moniteau County, Missouri
Source: Ownwell
$47,900
$90,200
$132,500
Average Russellville Assessed Value
$113,400
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 Russellville, Moniteau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65074 | $37,650 | $71,325 | $113,400 | $159,475 | $212,860 |
Source: Ownwell
Property Tax Bills Across Russellville, Moniteau County, Missouri
In Russellville, located in Moniteau County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property’s market value, which is determined by local assessors. For instance, with a median home price of $113,400, the tax bill can vary significantly. Factors such as the home’s location, size, and condition play a crucial role in determining its assessed value. Homeowners in Russellville can expect their property tax bills to range widely. At the 25th percentile, the tax bill is approximately $782, while at the 75th percentile, it rises to around $2,064. For those at the higher end, the 90th percentile tax bill reaches $4,022. This variability affects homeowners differently, depending on their property’s specific characteristics and assessed value. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Homeowners need to be aware of these factors as they directly influence their annual property tax obligations.
Average Russellville Tax Bill
$1,322
Average Moniteau County Tax Bill
$1,018
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Russellville, Moniteau County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65074 | $461 | $782 | $1,322 | $2,064 | $4,022 |
Source: Ownwell