Kapolei, Missouri Property Taxes
The median property tax rate in Kapolei, MO is 0.94%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $5,800 in Kapolei, the typical annual property tax bill is around $54, which is notably less than the national median of $2,690. Property taxes in Kapolei 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 Kapolei'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 Kapolei or another part of Morgan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kapolei, 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 Kapolei Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kapolei with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kapolei 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 Kapolei, Missouri
Property taxes in Kapolei, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kapolei is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Kapolei set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kapolei 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 Kapolei's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate within the region is 1.07%, while the lowest median tax rate is 0.82%. Understanding how these cities compare with Kapolei 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 Kapolei Tax Rate
0.94%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kapolei, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Kapolei, Missouri
In Kapolei, 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 Kapolei, 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. For instance, the zip codes with the highest and lowest tax bills both report a median tax bill of $54. 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 Kapolei helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kapolei Assessed Value
$5,800
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 Kapolei, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Kapolei, Missouri
In Kapolei, Morgan County, MO, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The tax rate is applied to this assessed value to calculate the tax bill. The median home price in the area is relatively modest at $5,800, which influences the overall tax burden for homeowners. Several factors play a role in determining the tax bill, including property type, location, and any applicable exemptions. The tax rate in Morgan County can vary, but it is essential to note that local tax authorities set these rates based on budgetary needs for public services such as schools, infrastructure, and emergency services. For homeowners, this means that even with a lower median home price, the property tax bill can still represent a significant expense. In Kapolei, the tax bill for the 25th, 75th, and 90th percentiles is consistently $54, highlighting a uniform tax burden across different property values. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Kapolei Tax Bill
$54
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Kapolei, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell