Stewartsville, Missouri Property Taxes
The median property tax rate in Stewartsille, MO is 0.95%, 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 $7,200 in Stewartsille, the typical annual property tax bill is approximately $68, much lower than the national median of $2,690. Property taxes in Stewartsille are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stewartsille'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 Stewartsille 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
Stewartsville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$68
Ownwell’s Stewarts Ville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stewarts Ville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stewarts Ville 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 Stewartsville, Missouri
Property taxes in Stewartsbille, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stewartsbille is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within Stewartsbille set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stewartsbille 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 Stewartsbille's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64490 zip code has the highest median property tax rate of 0.95%, while the same 64490 zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Stewartsbille 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 Stewartsville Tax Rate
0.95%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stewartsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64490 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Stewartsville, Missouri
In Stewartsviile, 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 Stewartsviile, 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 Stewartsviile helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest and lowest tax bills are $68, showcasing the range of property tax responsibilities in the area.
Average Stewartsville Assessed Value
$7,200
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 Stewartsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64490 | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 |
Source: Ownwell
Property Tax Bills Across Stewartsville, Missouri
In StewartsviIle, MO, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. For homeowners in StewartsviIle, the median home price is $7,200. The assessed value is then multiplied by the local tax rate, which in this case is significantly lower than the national median property tax rate of 0.99%. This results in relatively modest tax bills compared to other regions. For instance, the tax bill at the 25th, 75th, and 90th percentiles all stand at $68, indicating a uniform tax burden across different property values. Factors such as property improvements, location, and market conditions can influence the assessed value, but the overall impact on homeowners in StewartsviIle is relatively minimal. This low tax rate can make homeownership more affordable, allowing residents to allocate more of their finances to other needs and investments.
Average Stewartsville Tax Bill
$68
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Stewartsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64490 | $68 | $68 | $68 | $68 | $68 |
Source: Ownwell