Rolla, Phelps County, Missouri Property Taxes
The median property tax rate in Rolla, MO is 1.03%, slightly higher than the national median of 0.99% but lower than Missouri’s state median of 1.20%. With the median home value in Rolla at $119,890, the typical annual property tax bill amounts to $1,205, which is below the national median of $2,690. Property taxes in Rolla are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Rolla’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 Rolla 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
Rolla, Phelps County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,235
$1,146
Ownwell’s Rolla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rolla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rolla 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 Rolla, Phelps County, Missouri
Property taxes in Rolla, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rolla is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Rolla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rolla 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 Rolla's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65409 zip code has the highest median property tax rate of 1.03%, while the 65401 zip code has the lowest median tax rate of 1.03%. Understanding how these cities compare with Rolla 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 Rolla Tax Rate
1.03%
Average Phelps County Tax Rate
0.98%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rolla, Phelps County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65401 | 0.95% | 0.98% | 1.03% | 1.03% | 1.03% |
| 65409 | 1.02% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Rolla, Phelps County, Missouri
In Rolla, 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 Phelps County 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 Rolla, 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. The median home price in Rolla is $119,890, with tax bills ranging from $766 at the 25th percentile to $2,580 at the 90th percentile. The highest median tax bill is $1,205 in the 65401 zip code, while the lowest is $899 in the 65409 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rolla, Phelps County, Missouri
Source: Ownwell
$37,100
$78,532
$119,964
Average Rolla Assessed Value
$119,890
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 Rolla, Phelps County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65401 | $46,316 | $76,133 | $119,964 | $182,529 | $260,118 |
| 65409 | $59,921 | $66,005 | $87,462 | $131,165 | $295,696 |
Source: Ownwell
Property Tax Bills Across Rolla, Phelps County, Missouri
In Rolla, located in Phelps County, MO, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in Rolla is $119,890. To determine your tax bill, the local tax rate is applied to this assessed value. Various factors, including property size, location, and any improvements made, can influence the assessed value. Homeowners in Rolla can expect their property tax bills to vary significantly. For example, the 25th percentile tax bill is $766, while the 75th percentile tax bill is $1,823, and the 90th percentile tax bill reaches $2,580. The highest median tax bill in the area is $1,205 in the 65401 zip code, while the lowest is $899 in the 65409 zip code. These property taxes contribute to local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Rolla residents.
Average Rolla Tax Bill
$1,205
Average Phelps County Tax Bill
$1,009
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rolla, Phelps County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65401 | $472 | $766 | $1,205 | $1,823 | $2,580 |
| 65409 | $616 | $678 | $899 | $1,340 | $3,039 |
Source: Ownwell