Stoutsville, Missouri Property Taxes
The median property tax rate in Stoutsville, MO is 1.02%, slightly higher than the national median of 0.99% but below Missouri's state median of 1.20%. With a median home value of $41,150 in Stoutsville, the typical annual property tax bill amounts to $393, which is significantly lower than the national median of $2,690. Property taxes in Stoutsville are calculated based on the assessed value, which is generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Stoutsville'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 Stoutsville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stoutsville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$420
Ownwell’s Stoutsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stoutsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stoutsville 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 Stoutsville, Missouri
Property taxes in Stoutsville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stoutsville is 1.02%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Stoutsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stoutsville 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 Stoutsville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65283 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Stoutsville provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stoutsville Tax Rate
1.02%
Average Monroe County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stoutsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65283 | 0.75% | 0.90% | 1.02% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Stoutsville, Missouri
In Stoutsville, 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 Monroe 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 Stoutsville, 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 Stoutsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 65283 has the highest median tax bill of $393.00.
Average Stoutsville Assessed Value
$41,150
Average Monroe County Assessed Value
$49,250
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stoutsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65283 | $5,300 | $11,500 | $41,150 | $93,350 | $150,390 |
Source: Ownwell
Property Tax Bills Across Stoutsville, Missouri
In Stoutsville, Monroe County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Stoutsville is $41,150. Property taxes are then determined by applying the local tax rate to this assessed value. Various factors such as property size, location, and improvements can influence the assessed value. The tax bill can vary significantly across different homes. For example, the 25th percentile tax bill is $129, while the 75th percentile reaches $864, and the 90th percentile goes up to $1311. This range shows how property taxes can impact homeowners differently based on their property's assessed value. Comparatively, the median property tax rate in Stoutsville is lower than the national median of 0.99%, offering some relief to homeowners. However, understanding these factors can help homeowners anticipate their tax bills and manage their finances more effectively.
Average Stoutsville Tax Bill
$393
Average Monroe County Tax Bill
$442
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Stoutsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65283 | $61 | $129 | $393 | $864 | $1,311 |
Source: Ownwell