Shawnee, Missouri Property Taxes
The median property tax rate in Shawnee, MO is 0.85%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $26,050 in Shawnee, the typical annual property tax bill amounts to $242, well below the national median of $2,690. Property taxes in Shawnee are determined based on the assessed value, which is often less than the market value due to various exemptions, such as the primary residence and agricultural exemptions. Gaining a clear understanding of Shawnee's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant yearly savings. Whether you're residing in Shawnee or investing in real estate here, comprehending the local property tax system is beneficial for both homeowners and investors.
Last Updated June 14, 2024
Shawnee, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$221
Ownwell’s Shawnee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shawnee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shawnee 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 Shawnee, Missouri
Property taxes in Shawnee, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shawnee is 1.29%, higher than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Shawnee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shawnee 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 Shawnee's effective property tax rate to other counties in Missouri and the national median. For comparison, the 66203 zip code has the highest median property tax rate of 1.41%, while the 66216 zip code has the lowest median tax rate of 0.85%. Understanding how these cities compare with Shawnee 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 Shawnee 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 Shawnee, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66203 | 1.41% | 1.41% | 1.41% | 1.41% | 1.41% |
| 66216 | 0.84% | 0.85% | 0.85% | 0.85% | 0.85% |
| 66226 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Shawnee, Missouri
In Shawnee, 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 Shawnee, 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. Shawnee's median home price is $26,050, with the highest median tax bill being $1,249 in the 66226 zip code, and the lowest median tax bill being $102 in the 66203 zip code. Being aware of these valuation processes in Shawnee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shawnee Assessed Value
$26,050
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 Shawnee, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66203 | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 |
| 66216 | $2,830 | $4,675 | $25,300 | $79,150 | $140,800 |
| 66226 | $146,600 | $146,600 | $146,600 | $146,600 | $146,600 |
Source: Ownwell
Property Tax Bills Across Shawnee, Missouri
In Shawnee, 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. The assessed value is determined by the local tax assessor and is then multiplied by the local tax rate to calculate the tax bill. Factors such as the property's location, size, and any improvements made can influence its assessed value. For homeowners in Shawnee, the tax bill can vary significantly. For example, the 25th percentile tax bill is $62, while the 75th percentile reaches $1,032, and the 90th percentile hits $1,399. These figures indicate a wide range in tax obligations depending on the property's assessed value. Comparatively, Shawnee's property tax rates can be contrasted with the national median property tax rate of 0.99%. This variation can impact homeowners differently, with those in higher-value properties paying more in taxes. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations.
Average Shawnee Tax Bill
$242
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Shawnee, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66203 | $102 | $102 | $102 | $102 | $102 |
| 66216 | $24 | $40 | $215 | $674 | $1,199 |
| 66226 | $1,249 | $1,249 | $1,249 | $1,249 | $1,249 |
Source: Ownwell