Dora, Ozark County, Missouri Property Taxes
The median property tax rate in Dora, MO is 0.79%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $73,600 in Dora, the typical annual property tax bill comes to $581, significantly below the national median of $2,690. Property taxes in Dora are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Dora’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 Dora or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dora, Ozark County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$581
$540
Ownwell’s DORA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DORA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DORA 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 Dora, Ozark County, Missouri
Property taxes in Dora, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dora is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Dora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dora 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 Dora's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65637 zip code in Dora also has a median property tax rate of 0.79%. Understanding how these areas compare with Dora provides valuable insights into the varying tax landscape across Ozark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dora Tax Rate
0.79%
Average Ozark County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dora, Ozark County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65637 | 0.72% | 0.76% | 0.79% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Dora, Ozark County, Missouri
In Dora, 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 Ozark 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 Dora, 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. The median home price in Dora is $73,600, with tax bills ranging from $354 at the 25th percentile to $1,237 at the 90th percentile. The highest and lowest median tax bill in Dora is $581, found in the 65637 zip code. 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 Dora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Dora, Ozark County, Missouri
Source: Ownwell
$42,800
$63,450
$84,100
Average Dora Assessed Value
$73,600
Average Ozark County Assessed Value
$64,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dora, Ozark County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65637 | $28,220 | $45,725 | $73,600 | $105,750 | $153,730 |
Source: Ownwell
Property Tax Bills Across Dora, Ozark County, Missouri
In Dora, located in Ozark County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. The median home price in Dora is $73,600, and the property tax rate in Ozark County is aligned with the national median of 0.99%. Several factors influence the tax bill, including the property's location, size, and condition. For instance, in Dora, the tax bill ranges from $354 at the 25th percentile to $1,237 at the 90th percentile, reflecting the diversity in property values and conditions. The highest and lowest median tax bills are both recorded at $581 in the 65637 zip code, indicating a consistent tax rate within that area. For homeowners, these taxes fund essential public services like schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners better manage their financial planning and ensure they are not overpaying for their property taxes.
Average Dora Tax Bill
$581
Average Ozark County Tax Bill
$481
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Dora, Ozark County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65637 | $212 | $354 | $581 | $829 | $1,237 |
Source: Ownwell