Koshkonong, Missouri Property Taxes
The median property tax rate in Koshkonong, MO is 0.82%, 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 $47,520 in Koshkonong, the typical annual property tax bill amounts to $347, significantly below the national median of $2,690. Property taxes in Koshkonong are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Koshkonong'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 Koshkonong 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
Koshkonong, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$390
Ownwell’s Koshkonong Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Koshkonong with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Koshkonong 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 Koshkonong, Missouri
Property taxes in Koshkonong, Missouri, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Koshkonong is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Koshkonong set these rates annually, and they can vary significantly across different neighborhoods. Each year, Koshkonong 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 Koshkonong's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65692 has both the highest and lowest median property tax rate of 0.82%. Understanding how these areas compare with Koshkonong 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 Koshkonong Tax Rate
0.82%
Average Oregon County Tax Rate
0.77%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Koshkonong, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65692 | 0.54% | 0.63% | 0.82% | 1.00% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Koshkonong, Missouri
In Koshkonong, 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 Oregon 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 Koshkonong, 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. In Koshkonong, the zip code with the highest median tax bill is 65692, with a median tax bill of $347. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Koshkonong Assessed Value
$47,520
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 Koshkonong, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65692 | $9,142 | $21,090 | $47,520 | $92,370 | $155,412 |
Source: Ownwell
Property Tax Bills Across Koshkonong, Missouri
In Koshkonong, Missouri, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Koshkonong is $47,520, and property taxes are determined by the local tax rate applied to this assessed value. Factors such as property location within Oregon County, improvements made to the property, and the local government's fiscal needs influence the tax rate. For homeowners, this means varying tax bills depending on their property's assessed value and the specific tax rate in their area. In Koshkonong, the 25th percentile tax bill is $179, while the 75th percentile tax bill is $669. The 90th percentile tax bill can go up to $1,054. The median tax bill across the 65692 zip code is $347, indicating a relatively moderate tax burden compared to the national median property tax rate of 0.99%. This affects homeowners by impacting their annual expenses and potentially influencing decisions about property improvements and investments.
Average Koshkonong Tax Bill
$347
Average Oregon County Tax Bill
$286
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Koshkonong, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65692 | $78 | $179 | $347 | $669 | $1,054 |
Source: Ownwell