Udall, Missouri Property Taxes
The median property tax rate in Udall, MO is 1.05%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $42,800 in Udall, the typical annual property tax bill amounts to $421, which is significantly below the national median of $2,690. Property taxes in Udall are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Udall'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 Udall 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
Udall, 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 Udall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Udall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Udall 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 Udall, Missouri
Property taxes in Udall, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Udall is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Udall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Udall 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 Udall's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65766 has the highest median property tax rate of 1.05%, while the lowest median tax rate is also 1.05% in the same zip code. Understanding how these areas compare with Udall 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 Udall Tax Rate
1.05%
Average Ozark County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Udall, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65766 | 1.01% | 1.04% | 1.05% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Udall, Missouri
In Udall, 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. Assessment notices in Udall 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 Udall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 65766 has the highest and lowest median tax bill, both at $421, reflecting the uniformity in tax assessments within the area.
Average Udall Assessed Value
$42,800
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 Udall, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65766 | $18,400 | $28,700 | $42,800 | $59,400 | $96,220 |
Source: Ownwell
Property Tax Bills Across Udall, Missouri
In Udall, located in Ozark County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. For instance, a median home price in Udall is $42,800. The tax bill is determined by multiplying the assessed value by the local tax rate. Homeowners in Udall typically see property tax bills ranging from $281 at the 25th percentile to $996 at the 90th percentile, with the highest and lowest median tax bills both being $421. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and applicable exemptions. These taxes significantly impact homeowners, as they represent a recurring cost that must be budgeted for annually. Compared to the national median property tax rate of 0.99%, Udall's property tax rates offer a relatively affordable option for homeowners, making it an attractive place for those looking to manage their property expenses effectively.
Average Udall Tax Bill
$421
Average Ozark County Tax Bill
$481
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Udall, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65766 | $193 | $281 | $421 | $669 | $996 |
Source: Ownwell