Pierce City, Missouri Property Taxes
The median property tax rate in Pierce City, MO is 0.96%, slightly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $48,700 in Pierce City, the typical annual property tax bill amounts to $657, which is significantly below the national median of $2,690. Property taxes in Pierce City are determined based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pierce City'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 Pierce City or another part of Newton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pierce City, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Pierce City Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Pierce City. By simply entering your property’s estimated assessed value, the calculator uses the median tax rate specific to Pierce City to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at a neighborhood level, additional localized information is available. Your property’s assessed value, determined by Newton County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Pierce City, Missouri
Property taxes in Pierce City, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pierce City is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Pierce City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pierce City 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 Pierce City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65723 zip code has the same median property tax rate of 0.96%. Understanding how these cities compare with Pierce City provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pierce City Tax Rate
0.96%
Average Newton County Tax Rate
1.09%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pierce City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65723 | 0.92% | 0.94% | 0.96% | 0.99% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Pierce City, Missouri
In Pierce City, 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 local 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 Pierce City, 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 Pierce City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the area with the highest median tax bill, the zip code 65723, homeowners face a typical bill of $657, whereas the same zip code also has the lowest median tax bill at $657.
Average Pierce City Assessed Value
$48,700
Average Newton County Assessed Value
$71,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pierce City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65723 | $9,600 | $22,150 | $48,700 | $81,225 | $166,350 |
Source: Ownwell
Property Tax Bills Across Pierce City, Missouri
Property tax bills in Pierce City, located in Newton County, MO, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For homeowners in Pierce City, the median home price is approximately $48,700. The tax rate applied to this assessed value determines the annual tax bill. In this region, property tax bills can vary significantly. For example, the 25th percentile tax bill is around $341, while the 75th percentile tax bill is about $888. At the higher end, the 90th percentile tax bill reaches $1,806. These property tax bills impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, property taxes in Pierce City can be seen as relatively moderate, offering a balanced approach to funding community needs while maintaining affordability for residents.
Average Pierce City Tax Bill
$657
Average Newton County Tax Bill
$791
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pierce City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65723 | $110 | $341 | $657 | $888 | $1,806 |
Source: Ownwell