Pottersville, Missouri Property Taxes
The median property tax rate in Pottersville, MO is 1.01%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $84,100 in Pottersville, the typical annual property tax bill amounts to $786, which is significantly below the national median of $2,690. Property taxes in Pottersville are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Pottersville'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 Pottersville or another part of Ozark County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pottersville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$849
Ownwell’s Pottersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pottersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pottersville 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 Pottersville, Missouri
Property taxes in Pottersville, Missouri, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pottersville is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities in Pottersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pottersville 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 Pottersville's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65790 has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these areas compare with Pottersville 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 Pottersville Tax Rate
1.01%
Average Ozark County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pottersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65790 | 0.81% | 0.92% | 1.01% | 1.04% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Pottersville, Missouri
In Pottersville, 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 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. Assessment notices in Pottersville 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 Pottersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pottersville is $84,100, with tax bills ranging from $421 at the 25th percentile to $1,762 at the 90th percentile. The zip code with the highest and lowest median tax bill is 65790, both at $786.
Average Pottersville Assessed Value
$84,100
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 Pottersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65790 | $16,000 | $42,000 | $84,100 | $132,700 | $174,100 |
Source: Ownwell
Property Tax Bills Across Pottersville, Missouri
In Pottersville, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Ozark County. The assessed value is typically a percentage of the property's market value, which for Pottersville stands at a median home price of $84,100. Local authorities then apply the tax rate to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For example, tax bills in Pottersville range significantly, with the 25th percentile at $421 and the 75th percentile at $1,345. At the 90th percentile, homeowners might pay up to $1,762 annually. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated can help in financial planning and assessing the overall cost of homeownership in Pottersville. With the national median property tax rate at 0.99%, Pottersville’s tax rates offer a comparative perspective for potential homeowners.
Average Pottersville Tax Bill
$786
Average Ozark County Tax Bill
$481
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pottersville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65790 | $143 | $421 | $786 | $1,345 | $1,762 |
Source: Ownwell