Rocheport, Missouri Property Taxes
The median property tax rate in Rocheport, MO is 0.85%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Rocheport being $180,800, the typical annual property tax bill amounts to $1,540, which is significantly below the national median of $2,690. Property taxes in Rocheport 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 Rocheport'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 Rocheport 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
Rocheport, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,537
Ownwell’s Rocheport Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Rocheport using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Rocheport to provide an estimate of your property tax bill. This valuable tool offers insights into potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and considers any applicable exemptions.
Property Tax Rates Across Rocheport, Missouri
Property taxes in Rocheport, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rocheport is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Rocheport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rocheport 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 Rocheport's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65279 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Rocheport 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 Rocheport Tax Rate
0.85%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rocheport, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65279 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Rocheport, Missouri
In Rocheport, 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 local assessment authority 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 Rocheport, 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 Rocheport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Rocheport is 65279, both at $1540.
Average Rocheport Assessed Value
$180,800
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 Rocheport, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65279 | $180,800 | $180,800 | $180,800 | $180,800 | $180,800 |
Source: Ownwell
Property Tax Bills Across Rocheport, Missouri
In Rocheport, located in Morgan County, MO, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value of the property, determined by local assessors. In Rocheport, the median home price stands at $180,800. Homeowners in this area can expect a median tax bill of $1,540, which is significantly above the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The consistency in the tax bills, with the 25th, 75th, and 90th percentiles all at $1,540, suggests a stable tax environment. This can affect homeowners by providing predictability in their annual financial planning. However, the relatively high tax bill compared to the national median may impact the overall affordability of living in this region.
Average Rocheport Tax Bill
$1,540
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rocheport, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65279 | $1,540 | $1,540 | $1,540 | $1,540 | $1,540 |
Source: Ownwell