West Plains, Missouri Property Taxes
The median property tax rate in West Plains, 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 West Plains, the typical annual property tax bill reaches $268, well below the national median of $2,690. Property taxes in West Plains are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding West Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of West Plains 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
West Plains, 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 West Plains Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Plains with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Plains 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 West Plains, Missouri
Property taxes in West Plains, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Plains is 0.64%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within West Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Plains 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 West Plains's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65775 zip code has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with West Plains 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 West Plains 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 West Plains, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65775 | 0.43% | 0.57% | 0.64% | 0.68% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across West Plains, Missouri
In West Plains, 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 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 West Plains, 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 West Plains helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $268.00, found in the 65775 zip code.
Average West Plains Assessed Value
$45,720
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 West Plains, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65775 | $4,740 | $21,075 | $45,720 | $80,020 | $119,930 |
Source: Ownwell
Property Tax Bills Across West Plains, Missouri
In West Plains, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is a percentage of the property's market value, and the tax rate is then applied to this assessed value. For example, with a median home price of $45,720, homeowners can expect varying tax bills depending on the assessed value and applicable tax rates. Several factors influence the final tax bill, including the property's location within West Plains and any applicable exemptions or deductions. The tax bill can significantly impact homeowners, with the 25th percentile paying around $116, while those in the 75th percentile face bills closer to $471. At the higher end, the 90th percentile of homeowners might see tax bills up to $732. Comparatively, the median property tax rate in West Plains is lower than the national median of 0.99%, offering some relief to homeowners. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average West Plains Tax Bill
$268
Average Oregon County Tax Bill
$286
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across West Plains, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65775 | $24 | $116 | $268 | $471 | $732 |
Source: Ownwell