Sunrise Beach, Morgan County, Missouri Property Taxes
The median property tax rate in Sunrise Beach, MO is 0.87%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $140,500 in Sunrise Beach, the typical annual property tax bill amounts to $1,215, significantly less than the national median of $2,690. Property taxes in Sunrise Beach are determined based on the tax assessed value, which is generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Sunrise Beach's property tax system, understanding available exemptions, and identifying reduction opportunities can result in substantial annual savings. Whether you reside in Sunrise Beach or another part of Morgan County, a thorough grasp of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Sunrise Beach, Morgan County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,222
$1,134
Ownwell’s Sunrise Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sunrise Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sunrise Beach 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 Sunrise Beach, Morgan County, Missouri
Property taxes in Sunrise Beach, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sunrise Beach is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Sunrise Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunrise Beach 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 Sunrise Beach's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65079 in Sunrise Beach has both the highest and lowest median property tax rate of 0.87%. Understanding how these cities compare with Sunrise Beach 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 Sunrise Beach Tax Rate
0.87%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sunrise Beach, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65079 | 0.84% | 0.87% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Sunrise Beach, Morgan County, Missouri
In Sunrise Beach, 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 Sunrise Beach, 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 Sunrise Beach 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 bill is 65079, with a median tax bill of $1,215.
Property Tax Assessment Values Across Sunrise Beach, Morgan County, Missouri
Source: Ownwell
$1,750
$74,875
$148,000
Average Sunrise Beach Assessed Value
$140,500
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 Sunrise Beach, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65079 | $9,730 | $40,600 | $140,500 | $232,575 | $318,750 |
Source: Ownwell
Property Tax Bills Across Sunrise Beach, Morgan County, Missouri
In Sunrise Beach, 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 median home price in this area is $140,500. Homeowners can expect their property tax bill to vary significantly, with the 25th percentile at $345 and the 75th percentile reaching $1,955. Those in the 90th percentile may pay up to $2,787. The tax rate in Sunrise Beach is influenced by multiple factors, including local government budgets and school district funding needs. This rate is applied to the assessed value of the property to determine the final tax bill. For context, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how their local rates compare. High property taxes can impact affordability and long-term financial planning, making it essential for homeowners to be aware of their obligations and potential exemptions.
Average Sunrise Beach Tax Bill
$1,215
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunrise Beach, Morgan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65079 | $84 | $345 | $1,215 | $1,955 | $2,787 |
Source: Ownwell