Pemiscot County, Missouri Property Taxes
The median property tax rate in Pemiscot County is 1.14%, which is higher than the national median of 0.99% but slightly lower than Missouri's state median of 1.20%. With the median home value in Pemiscot County, the typical annual property tax bill is $320, considerably lower than the national median of $2,690. Property taxes in Pemiscot County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Pemiscot County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Caruthersville or another part of Pemiscot County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pemiscot County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$312
$290
Ownwell’s Pemiscot County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Pemiscot County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pemiscot County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Pemiscot County, Missouri
Property taxes in Pemiscot County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pemiscot County is 1.14%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Pemiscot County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pemiscot County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Pemiscot County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Cooter has one of the higher property tax rates in Missouri at 1.30%, while the city of Portageville boasts one of the lowest at 0.94%. Analyzing how Pemiscot County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pemiscot County Tax Rate
1.14%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pemiscot County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Braggadocio | N/A | N/A | N/A | N/A | N/A |
| Bragg City | 1.13% | 1.17% | 1.24% | 1.35% | 1.46% |
| Caruthersville | 1.17% | 1.18% | 1.18% | 1.19% | 1.20% |
| Cooter | 1.29% | 1.29% | 1.30% | 1.31% | 1.33% |
| Deering | N/A | N/A | N/A | N/A | N/A |
| Gobler | N/A | N/A | N/A | N/A | N/A |
| Hayti | 1.01% | 1.11% | 1.11% | 1.12% | 1.17% |
| Holland | N/A | N/A | N/A | N/A | N/A |
| Portageville | 0.83% | 0.94% | 0.94% | 0.96% | 1.00% |
| Steele | 0.98% | 1.07% | 1.08% | 1.09% | 1.28% |
| Wardell | 0.94% | 0.97% | 1.04% | 1.17% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Pemiscot County, Missouri
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Pemiscot County, Missouri. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Pemiscot County Appraisal District. The assessed value, however, 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 Pemiscot County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Caruthersville has the highest median tax bill at $383, while Deering has the lowest at $119. Being aware of these valuation processes in Pemiscot County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Pemiscot County Assessed Value
$27,370
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pemiscot County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Braggadocio | N/A | N/A | N/A | N/A | N/A |
| Bragg City | $7,623 | $12,995 | $20,865 | $32,930 | $77,627 |
| Caruthersville | $12,283 | $21,195 | $32,165 | $46,158 | $62,369 |
| Cooter | $11,136 | $15,785 | $27,690 | $37,955 | $53,731 |
| Deering | N/A | N/A | N/A | N/A | N/A |
| Gobler | N/A | N/A | N/A | N/A | N/A |
| Hayti | $7,310 | $14,335 | $25,720 | $41,600 | $66,460 |
| Holland | N/A | N/A | N/A | N/A | N/A |
| Portageville | $8,492 | $13,690 | $25,340 | $51,140 | $172,110 |
| Steele | $10,835 | $18,120 | $33,720 | $63,320 | $134,330 |
| Wardell | $4,452 | $7,250 | $14,520 | $24,040 | $43,580 |
Source: Ownwell
Property Tax Bills Across Pemiscot County, Missouri
In Pemiscot County, MO, property tax bills are determined by several key factors, including the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate set by local authorities. For instance, the median home price in Pemiscot County is $27,370. The tax bill can vary significantly within the county, ranging from $189 at the 25th percentile to $845 at the 90th percentile. In Caruthersville, homeowners face the highest median tax bill at $383, while in Deering, it’s as low as $119. These variations affect homeowners differently, impacting their annual financial obligations and potentially influencing decisions about property ownership and investments. Compared to the national median property tax rate of 0.99%, Pemiscot County's rates provide a unique perspective on how local tax policies can significantly influence the financial landscape for homeowners in this region.
Average Pemiscot County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pemiscot County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Braggadocio | N/A | N/A | N/A | N/A | N/A |
| Bragg City | $111 | $171 | $260 | $405 | $944 |
| Caruthersville | $164 | $269 | $383 | $543 | $737 |
| Cooter | $146 | $213 | $359 | $490 | $692 |
| Deering | N/A | N/A | N/A | N/A | N/A |
| Gobler | N/A | N/A | N/A | N/A | N/A |
| Hayti | $88 | $162 | $286 | $458 | $658 |
| Holland | N/A | N/A | N/A | N/A | N/A |
| Portageville | $82 | $133 | $240 | $479 | $1,651 |
| Steele | $129 | $210 | $375 | $659 | $1,301 |
| Wardell | $59 | $78 | $158 | $256 | $422 |
Source: Ownwell