Thayer, Oregon County, Missouri Property Taxes
The median property tax rate in Thayer, MO is 0.84%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Thayer at $38,280, the typical annual property tax bill is $308, significantly less than the national median of $2,690. Property taxes in Thayer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Thayer'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 Thayer or another part of Oregon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Thayer, Oregon County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$322
$298
Ownwell’s Thayer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thayer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thayer 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 Thayer, Oregon County, Missouri
Property taxes in Thayer, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thayer is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Thayer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thayer 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. Understanding how these cities compare with Thayer 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 Thayer Tax Rate
0.84%
Average Oregon County Tax Rate
0.77%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thayer, Oregon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65791 | 0.64% | 0.81% | 0.84% | 0.84% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Thayer, Oregon County, Missouri
In Thayer, 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 Thayer, 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 Thayer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65791 has both the highest and lowest median tax bills at $308, reflecting the uniformity in property tax assessments within the area.
Property Tax Assessment Values Across Thayer, Oregon County, Missouri
Source: Ownwell
$37,490
$48,800
$60,110
Average Thayer Assessed Value
$38,280
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 Thayer, Oregon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65791 | $6,702 | $18,000 | $38,280 | $69,490 | $121,616 |
Source: Ownwell
Property Tax Bills Across Thayer, Oregon County, Missouri
In Thayer, located in Oregon County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment rate. For homeowners in Thayer, the median home price is $38,280. Property tax rates are applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $148, while at the 75th percentile, it is $541. Homeowners in the 90th percentile can expect a tax bill of around $911. These figures show a range of what residents might pay, reflecting variations in property values and applicable exemptions. Comparatively, the national median property tax rate is 0.99%, and Thayer's tax bills can be seen as relatively modest. This affects homeowners by providing them with a clearer understanding of their annual financial commitments related to property ownership.
Average Thayer Tax Bill
$308
Average Oregon County Tax Bill
$286
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Thayer, Oregon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65791 | $58 | $148 | $308 | $541 | $911 |
Source: Ownwell