Cook Sta, Phelps County, Missouri Property Taxes
The median property tax rate in Cook Sta, MO is 0.76%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $86,923 in Cook Sta, the typical annual property tax bill comes to $611, significantly less than the national median of $2,690. Property taxes in Cook Sta are determined based on the tax assessed value, which generally is lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Cook Sta'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 Cook Sta or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cook Sta, Phelps County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$661
$613
Ownwell’s Cook STA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cook STA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cook STA 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 Cook Sta, Phelps County, Missouri
Property taxes in Cook Sta, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Cook Sta is 0.76%, which is lower than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Cook Sta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cook Sta 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 Cook Sta's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65449 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Cook Sta provides valuable insights into the varying tax landscape across Phelps County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cook Sta Tax Rate
0.76%
Average Phelps County Tax Rate
0.98%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cook Sta, Phelps County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65449 | 0.68% | 0.73% | 0.76% | 0.78% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Cook Sta, Phelps County, Missouri
In Cook Sta, 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 local 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. In Cook Sta, 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 Cook Sta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65449, with a value of $611.00, which is also the same for the lowest median tax bill.
Property Tax Assessment Values Across Cook Sta, Phelps County, Missouri
Source: Ownwell
$37,100
$78,532
$119,964
Average Cook Sta Assessed Value
$86,923
Average Phelps County Assessed Value
$106,880
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cook Sta, Phelps County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65449 | $22,002 | $38,980 | $86,923 | $137,220 | $156,536 |
Source: Ownwell
Property Tax Bills Across Cook Sta, Phelps County, Missouri
In Cook Station, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $86,923. Local assessors determine the assessed value, and this figure is then multiplied by the local tax rate to calculate the tax bill. For example, in Phelps County, the median property tax bill is approximately $611. Factors such as property location, home improvements, and market trends can influence the assessed value and therefore the tax bill. Homeowners in Cook Station can expect their property tax bills to vary. The 25th percentile tax bill is around $304, while the 75th percentile reaches $1,063. At the 90th percentile, homeowners may pay up to $1,157. These variations highlight the impact of property assessments and local tax rates on individual tax bills. Compared to the national median property tax rate of 0.99%, Cook Station's property taxes can be relatively modest, providing some financial relief to homeowners.
Average Cook Sta Tax Bill
$611
Average Phelps County Tax Bill
$1,009
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cook Sta, Phelps County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65449 | $155 | $304 | $611 | $1,063 | $1,157 |
Source: Ownwell