Scotsdale, Missouri Property Taxes
The median property tax rate in Scotsdale, MO is 0.89%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $111,800 in Scotsdale, the typical annual property tax bill comes to $999, significantly below the national median of $2,690. Property taxes in Scotsdale are determined based on the tax assessed value, which is generally less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Scotsdale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Scotsdale or another part of the city, gaining insight into the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Scotsdale, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$995
Ownwell’s Scotsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scotsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scotsdale 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 Scotsdale, Missouri
Property taxes in Scottsdale, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scottsdale is 0.89%, slightly below the U.S. national median of 0.99%. Local government entities within Scottsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scottsdale 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 Scottsdale's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63051 zip code has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Scottsdale 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 Scotsdale Tax Rate
0.89%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scotsdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63051 | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Scotsdale, Missouri
In Scotsdale, 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 Appraisal District 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 Scotsdale, 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. The median home price in Scotsdale is $111,800. 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 zip code with the highest median tax bill is 63051, while the lowest is also 63051. Being aware of these valuation processes in Scotsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Scotsdale Assessed Value
$111,800
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 Scotsdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63051 | $111,800 | $111,800 | $111,800 | $111,800 | $111,800 |
Source: Ownwell
Property Tax Bills Across Scotsdale, Missouri
In Scotsdale, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price is $111,800, the assessed value would be a fraction of this amount, determined by state regulations. The tax rate is then applied to this assessed value to compute the annual tax bill. Several factors influence the tax bill, including property improvements, neighborhood developments, and changes in the local tax rate. In Scotsdale, the tax bill at the 25th, 75th, and 90th percentiles is consistently $999. This uniformity indicates a stable tax environment, which can be advantageous for homeowners planning their finances. Compared to the national median property tax rate of 0.99%, Scotsdale's tax rate might seem relatively moderate, making it an attractive option for potential homeowners. This stability in property tax bills can provide a predictable financial landscape, aiding homeowners in long-term budgeting and financial planning.
Average Scotsdale Tax Bill
$999
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Scotsdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63051 | $999 | $999 | $999 | $999 | $999 |
Source: Ownwell