Freeburg, Osage County, Missouri Property Taxes
The median property tax rate in Freeburg, MO is 0.85%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Freeburg at $34,978, the typical annual property tax bill amounts to $291, significantly below the national median of $2,690. Property taxes in Freeburg 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 Freeburg'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 Freeburg 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
Freeburg, Osage County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$297
$276
Ownwell’s Freeburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Freeburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Freeburg 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 Freeburg, Osage County, Missouri
Property taxes in Freeburg, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Freeburg is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Freeburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Freeburg 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 Freeburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65035 has both the highest and lowest median property tax rate of 0.85%. Understanding how these areas compare with Freeburg provides valuable insights into the varying tax landscape across Osage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Freeburg Tax Rate
0.85%
Average Osage County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freeburg, Osage County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65035 | 0.77% | 0.84% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Freeburg, Osage County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Freeburg, Missouri. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as 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 Freeburg, 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 Freeburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Freeburg is $34,978, with tax bills ranging from $177 at the 25th percentile to $1,533 at the 90th percentile. The highest and lowest median tax bills are both $291 in zip code 65035.
Property Tax Assessment Values Across Freeburg, Osage County, Missouri
Source: Ownwell
$12,528
$28,706
$44,883
Average Freeburg Assessed Value
$34,978
Average Osage County Assessed Value
$30,816
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Freeburg, Osage County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65035 | $6,918 | $20,752 | $34,978 | $83,162 | $171,296 |
Source: Ownwell
Property Tax Bills Across Freeburg, Osage County, Missouri
In Freeburg, located in Osage County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Freeburg can expect their tax bills to vary significantly, with the 25th percentile tax bill at $177 and the 75th percentile reaching $670. For those at the higher end, the 90th percentile tax bill can be as high as $1,533. The median home price in Freeburg is $34,978, which influences the overall tax burden. Compared to the national median property tax rate of 0.99%, Freeburg's property tax rates can be relatively modest, yet they still play a crucial role in the financial planning of homeowners. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances effectively.
Average Freeburg Tax Bill
$291
Average Osage County Tax Bill
$261
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Freeburg, Osage County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65035 | $58 | $177 | $291 | $670 | $1,533 |
Source: Ownwell