Old Appleton, Missouri Property Taxes
The median property tax rate in Old Appleton, MO is 1.03%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value in Old Appleton of $86,618, the typical annual property tax bill is $867, which is well below the national median of $2,690. Property taxes in Old Appleton are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Old Appleton'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 Old Appleton or another part of Perry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Old Appleton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$892
Ownwell’s Old Appleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Old Appleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Old Appleton 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 Old Appleton, Missouri
Property taxes in Old Appleton, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Old Appleton is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within Old Appleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Old Appleton 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 Old Appleton's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63770 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Old Appleton provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Old Appleton Tax Rate
1.03%
Average Perry County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Old Appleton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63770 | 0.85% | 0.92% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Old Appleton, Missouri
In Old Appleton, 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 Perry 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 Old Appleton, 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 Old Appleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63770 has the highest and lowest median tax bill at $867.
Average Old Appleton Assessed Value
$86,618
Average Perry County Assessed Value
$121,185
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Old Appleton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63770 | $17,152 | $63,637 | $86,618 | $117,568 | $151,485 |
Source: Ownwell
Property Tax Bills Across Old Appleton, Missouri
In Old Appleton, located in Perry County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in this area face property tax bills that vary significantly, with the 25th percentile at $600 and the 75th percentile reaching $1104. At the 90th percentile, tax bills can go up to $1334. The median home price in Old Appleton is $86,618, and the median property tax bill stands at $867. This rate is below the national median property tax rate of 0.99%, making it relatively affordable for homeowners. Factors such as property improvements, neighborhood changes, and local tax rates can influence the final tax bill. Understanding these factors is crucial for homeowners to anticipate their annual expenses and manage their budgets effectively.
Average Old Appleton Tax Bill
$867
Average Perry County Tax Bill
$1,096
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Old Appleton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63770 | $176 | $600 | $867 | $1,104 | $1,334 |
Source: Ownwell