Stark City, Missouri Property Taxes
The median property tax rate in Stark City, MO is 0.99%, aligning with the national median of 0.99% but below the Missouri state median of 1.20%. With the median home value in Stark City at $45,550, the typical annual property tax bill is $453, significantly lower than the national median of $2,690. Property taxes in Stark City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Stark City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stark 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
Stark 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 Stark City Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Stark City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stark City 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 Stark City, Missouri
Property taxes in Stark City, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stark City is 0.99%, aligning with both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Stark City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stark 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 Stark City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64866 zip code has both the highest and the lowest median property tax rate of 0.99%. Understanding how these cities compare with Stark 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 Stark City Tax Rate
0.99%
Average Newton County Tax Rate
1.09%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stark City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64866 | 0.93% | 0.97% | 0.99% | 1.02% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Stark City, Missouri
In Stark 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 Newton 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 Stark 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 Stark City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 64866, with a median tax bill of $453.
Average Stark City Assessed Value
$45,550
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 Stark City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64866 | $18,650 | $29,925 | $45,550 | $69,600 | $94,320 |
Source: Ownwell
Property Tax Bills Across Stark City, Missouri
In Stark City, property tax bills are calculated based on the assessed value of your home, which is determined by the county's assessment office. This assessed value is a percentage of your property's market value. For example, the median home price in Stark City is $45,550. Tax rates are then applied to this assessed value to determine the final tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. Homeowners in Stark City can expect tax bills that vary significantly. The tax bill for the 25th percentile is around $307, while those in the 75th percentile pay approximately $710. The top 10% of property tax bills can go as high as $943. Compared to the national median property tax rate of 0.99%, Stark City’s rates reflect a localized approach to property taxation. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Stark City Tax Bill
$453
Average Newton County Tax Bill
$791
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Stark City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64866 | $195 | $307 | $453 | $710 | $943 |
Source: Ownwell