Cooter, Missouri Property Taxes
The median property tax rate in Cooter, MO is 1.30%, which is significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $27,690 in Cooter, the typical annual property tax bill reaches $359, which is considerably lower than the national median of $2,690. Property taxes in Cooter are calculated based on the tax assessed value, often below market value due to exemptions like those for primary residences and agricultural properties. Understanding Cooter’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 Cooter or another part of Pemiscot County, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cooter, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$360
Ownwell’s Cooter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cooter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cooter 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 Pemiscot County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cooter, Missouri
Property taxes in Cooter, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cooter is 1.30%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Cooter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cooter 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 Cooter's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63839 zip code has both the highest and lowest median property tax rate of 1.30%. Understanding how these cities compare with Cooter provides valuable insights into the varying tax landscape across Pemiscot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cooter Tax Rate
1.30%
Average Pemiscot County Tax Rate
1.14%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cooter, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63839 | 1.29% | 1.29% | 1.30% | 1.31% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Cooter, Missouri
In Cooter, 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 Pemiscot 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 Cooter, 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 Cooter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cooter is $27,690, with the highest median tax bill recorded at $359 in the 63839 zip code. The 25th percentile tax bill is $213, while the 75th percentile tax bill is $490, and the 90th percentile tax bill is $692.
Average Cooter Assessed Value
$27,690
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 Cooter, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63839 | $11,136 | $15,785 | $27,690 | $37,955 | $53,731 |
Source: Ownwell
Property Tax Bills Across Cooter, Missouri
In Cooter, located in Pemiscot County, MO, property tax bills are calculated based on the assessed value of your home. The assessed value is a percentage of the market value, which is determined by local assessors. For homeowners, this means that the value of their property, as determined by the market, directly impacts their tax bill. The median home price in Cooter is $27,690. Property tax bills in the area vary significantly, with the 25th percentile paying around $213 and the 75th percentile paying approximately $490. Those in the 90th percentile see bills as high as $692. The highest median tax bill in the county is $359, found in the 63839 zip code, which is also the lowest median tax bill recorded, illustrating a consistency in tax rates across the area. Compared to the national median property tax rate of 0.99%, Cooter’s tax rates can be seen as relatively moderate, offering some relief to homeowners in the region. This balance ensures that while property taxes remain a necessary expense, they are not overly burdensome for most residents.
Average Cooter Tax Bill
$359
Average Pemiscot County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cooter, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63839 | $146 | $213 | $359 | $490 | $692 |
Source: Ownwell