Shingle Springs, Missouri Property Taxes
The median property tax rate in Shingle Springs, MO is 0.83%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Shingle Springs, the typical annual property tax bill is around $49, significantly below the national median of $2,690. Property taxes in Shingle Springs are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a clear understanding of Shingle Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Shingle Springs or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shingle Springs, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$49
Ownwell’s Shingle Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shingle Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shingle Springs 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 Shingle Springs, Missouri
Property taxes in Shingle Springs, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shingle Springs is 0.83%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Shingle Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shingle Springs 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 Shingle Springs' effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 95682 has both the highest and lowest median property tax rate of 0.83%, showing a uniform tax rate within Shingle Springs. Understanding how these areas compare with Shingle Springs 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 Shingle Springs Tax Rate
0.83%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shingle Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95682 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Shingle Springs, Missouri
In Shingle Springs, 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 Shingle Springs, 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 Shingle Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, while the median home price is $5,900, tax bills range from $49 at the 25th percentile to $49 at the 90th percentile.
Property Tax Assessment Values Across Shingle Springs, Missouri
Source: Ownwell
$1,100
$177,225
$353,350
Average Shingle Springs Assessed Value
$5,900
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 Shingle Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95682 | $5,900 | $5,900 | $5,900 | $5,900 | $5,900 |
Source: Ownwell
Property Tax Bills Across Shingle Springs, Missouri
In Shingle Springs, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the home's market value, determined by local tax assessors. For homeowners, this means their property tax bill is directly influenced by the market value of their property. In this area, the median home price is $5,900. Property tax bills can vary, but in Shingle Springs, they tend to be quite consistent across different percentiles. The 25th, 75th, and 90th percentiles all see a tax bill of $49. This uniformity suggests a relatively stable property tax rate in the region, which can be a relief for homeowners seeking predictability in their annual expenses. Compared to the national median property tax rate of 0.99%, Shingle Springs offers a more affordable option for property owners. Understanding these factors can help homeowners in Shingle Springs better anticipate their property tax obligations and manage their finances accordingly.
Average Shingle Springs Tax Bill
$49
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Shingle Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95682 | $49 | $49 | $49 | $49 | $49 |
Source: Ownwell