Koeltztown, Osage County, Missouri Property Taxes
The median property tax rate in Koeltztown, MO is 0.78%, which is notably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $44,883, the typical annual property tax bill in Koeltztown is $269, significantly below the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Koeltztown'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 Koeltztown or another part of Osage County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Koeltztown, Osage County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$350
$325
Ownwell’s Koeltztown Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Koeltztown with just two data points. By entering your property’s estimated assessed value, the calculator applies the median tax rate in Koeltztown 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 Koeltztown, Osage County, Missouri
Property taxes in Koeltztown, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Koeltztown is 0.78%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Koeltztown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Koeltztown 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 Koeltztown's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65048 zip code has the highest median property tax rate of 0.78%, while the 65048 zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Koeltztown 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 Koeltztown Tax Rate
0.78%
Average Osage County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Koeltztown, Osage County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65048 | 0.54% | 0.64% | 0.78% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Koeltztown, Osage County, Missouri
In Koeltztown, 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 Osage 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 Koeltztown, 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 Koeltztown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Koeltztown are both $269 in the zip code 65048, reflecting a relatively uniform tax environment.
Property Tax Assessment Values Across Koeltztown, Osage County, Missouri
Source: Ownwell
$12,528
$28,706
$44,883
Average Koeltztown Assessed Value
$44,883
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 Koeltztown, Osage County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65048 | $14,347 | $17,908 | $44,883 | $96,879 | $122,752 |
Source: Ownwell
Property Tax Bills Across Koeltztown, Osage County, Missouri
In Koeltztown, property tax bills are calculated based on the assessed value of a home, which is determined by the Osage County Assessor's Office. The assessed value is a percentage of the market value of the property. Homeowners in Koeltztown can expect their property tax bills to vary significantly, with the 25th percentile tax bill around $123 and the 75th percentile reaching $725. For those in the 90th percentile, the tax bill can be as high as $1,026. The median home price in Koeltztown is $44,883, making property taxes relatively manageable compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area are both $269, indicating a consistent tax rate across different properties. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners. Understanding these factors can help residents better anticipate their annual property tax expenses and plan accordingly.
Average Koeltztown Tax Bill
$269
Average Osage County Tax Bill
$261
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Koeltztown, Osage County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65048 | $104 | $123 | $269 | $725 | $1,026 |
Source: Ownwell