Sedalia, Pettis County, Missouri Property Taxes
The median property tax rate in Sedalia, MO is 1.18%, which is higher than the national median of 0.99% but slightly below Missouri's state median of 1.20%. With a median home value of $81,035 in Sedalia, the typical annual property tax bill amounts to $926, which is significantly lower than the national median of $2,690. Property taxes in Sedalia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Sedalia'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 Sedalia 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
Sedalia, Pettis County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$956
$887
Ownwell’s Sedalia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sedalia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sedalia 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 Pettis County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sedalia, Pettis County, Missouri
Property taxes in Sedalia, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sedalia is 1.18%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Sedalia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sedalia 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 Sedalia's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65301 zip code has the highest median property tax rate of 1.18%, while the same zip code has the lowest median tax rate of 1.18%. Understanding how these cities compare with Sedalia provides valuable insights into the varying tax landscape across Pettis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sedalia Tax Rate
1.18%
Average Pettis County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sedalia, Pettis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65301 | 0.99% | 1.05% | 1.18% | 1.19% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Sedalia, Pettis County, Missouri
In Sedalia, 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 Pettis 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 Sedalia, 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 Sedalia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sedalia are both $926.00, found in the 65301 zip code.
Property Tax Assessment Values Across Sedalia, Pettis County, Missouri
Source: Ownwell
$70,990
$109,090
$147,190
Average Sedalia Assessed Value
$81,035
Average Pettis County Assessed Value
$83,765
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sedalia, Pettis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65301 | $31,400 | $48,750 | $81,040 | $136,485 | $217,722 |
Source: Ownwell
Property Tax Bills Across Sedalia, Pettis County, Missouri
In Sedalia, Pettis County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Sedalia experience a median home price of $81,035. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as local government budgets, school funding, and infrastructure needs also play a crucial role in setting the tax rate. For homeowners, the property tax bill can vary significantly. At the 25th percentile, the tax bill is around $569, while at the 75th percentile, it rises to approximately $1,519. Those in the 90th percentile see tax bills as high as $2,343. The highest median tax bill in Sedalia is recorded at $926, which is lower than the national median property tax rate of 0.99%. This variation in tax bills can impact homeowners' financial planning and housing affordability, making it essential to understand how these taxes are determined.
Average Sedalia Tax Bill
$926
Average Pettis County Tax Bill
$930
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sedalia, Pettis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65301 | $376 | $569 | $926 | $1,520 | $2,343 |
Source: Ownwell