Doniphan, Missouri Property Taxes
The median property tax rate in Doniphan, MO is 0.64%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Doniphan at $48,530, the typical annual property tax bill amounts to $279, well below the national median of $2,690. Property taxes in Doniphan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Doniphan'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 Doniphan or another part of Oregon County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Doniphan, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$311
Ownwell’s Doniphan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Doniphan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Doniphan 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 Doniphan, Missouri
Property taxes in Doniphan, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Doniphan is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Doniphan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Doniphan 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 Doniphan's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63935 has both the highest and lowest median property tax rate of 0.64%, matching Doniphan's rate. Understanding how these areas compare with Doniphan provides valuable insights into the varying tax landscape across Oregon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Doniphan Tax Rate
0.64%
Average Oregon County Tax Rate
0.77%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Doniphan, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63935 | 0.53% | 0.60% | 0.64% | 0.66% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Doniphan, Missouri
In Doniphan, 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 Doniphan, 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 Doniphan 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 63935, amounting to $279.
Average Doniphan Assessed Value
$48,530
Average Oregon County Assessed Value
$40,755
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Doniphan, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63935 | $14,340 | $25,720 | $48,530 | $95,080 | $179,100 |
Source: Ownwell
Property Tax Bills Across Doniphan, Missouri
In Doniphan, located in Oregon County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The county uses an assessment ratio to determine this value. Homeowners in Doniphan can expect their tax bills to vary significantly depending on the assessed value of their property. For example, the median home price in Doniphan is $48,530. With a tax bill in the 25th percentile around $159 and the 75th percentile reaching $478, homeowners can see a range of tax obligations. The highest median tax bill recorded is $279 in the 63935 zip code, illustrating that even within the same area, tax bills can differ. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting homeowners by contributing to the quality of community resources. Comparing this to the national median property tax rate of 0.99%, Doniphan's property tax rates can be considered relatively moderate.
Average Doniphan Tax Bill
$279
Average Oregon County Tax Bill
$286
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Doniphan, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63935 | $96 | $159 | $279 | $478 | $1,035 |
Source: Ownwell