Des Moines, Missouri Property Taxes
The median property tax rate in Des Moines, MO is 0.43%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Des Moines, the typical annual property tax bill reaches $66, far below the national median of $2,690. Property taxes in Des Moines are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Des Moines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Des Moines 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
Des Moines, 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 Des Moines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Des Moines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Des Moines 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 Des Moines, Missouri
Property taxes in Des Moines, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Des Moines is 0.43%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Des Moines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Des Moines 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 Des Moines' effective property tax rate to other counties in Missouri and the national median. For comparison, the 50316 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 Des Moines provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Des Moines Tax Rate
0.43%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Des Moines, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50316 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Des Moines, Missouri
In Des Moines, 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 Morgan 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 Des Moines, 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 property tax bills in Des Moines are found in zip code 65038, while the lowest are in zip code 65084. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Des Moines Assessed Value
$26,450
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Des Moines, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50316 | $12,500 | $12,500 | $12,500 | $12,500 | $12,500 |
Source: Ownwell
Property Tax Bills Across Des Moines, Missouri
In Des Moines, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The county's property tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or abatements. For a median-priced home in Des Moines, valued at $26,450, the property tax bill can vary. Homeowners at the 25th percentile pay around $51, while those at the 75th percentile face a tax bill of approximately $81. At the 90th percentile, the tax bill increases to about $89. These amounts are relatively lower compared to the national median property tax rate of 0.99%, making Des Moines an attractive location for homeowners looking to minimize their tax burden. Understanding these factors helps homeowners anticipate their tax liabilities and plan their finances accordingly.
Average Des Moines Tax Bill
$66
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Des Moines, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50316 | $95 | $95 | $95 | $95 | $95 |
Source: Ownwell