Pike County Property Taxes
The median property tax rate in Pike County is 1.04%, which is slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $71,050, the typical annual property tax bill in Pike County amounts to $720, significantly below the national median of $2,690. Property taxes in Pike County are calculated based on the assessed value, which is often less than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Pike County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Bowling Green or another part of Pike County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pike County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Pike County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pike County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pike County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Pike County, Missouri
Property taxes in Pike County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pike County is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Pike County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pike County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Pike County's effective property tax rate with other counties in the region and the national median. For comparison, the city of Elsberry has one of the higher property tax rates in the region at 1.14%, while the city of Curryville boasts one of the lowest at 0.82%. Analyzing how Pike County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pike County Tax Rate
1.04%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pike County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Annada | 0.94% | 0.98% | 1.08% | 1.22% | 1.25% |
| Ashburn | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Bowling Green | 0.76% | 0.93% | 1.00% | 1.00% | 1.00% |
| Clarksville | 0.94% | 1.03% | 1.13% | 1.20% | 1.20% |
| Curryville | 0.74% | 0.76% | 0.82% | 0.98% | 1.05% |
| Elsberry | 0.94% | 1.13% | 1.14% | 1.19% | 1.22% |
| Eolia | 0.91% | 0.95% | 1.11% | 1.16% | 1.20% |
| Frankford | 0.73% | 0.81% | 0.90% | 0.99% | 1.00% |
| Louisiana | 0.98% | 1.06% | 1.06% | 1.06% | 1.06% |
| Middletown | 0.77% | 0.81% | 0.88% | 0.99% | 1.05% |
| New London | 0.72% | 0.79% | 0.90% | 0.91% | 0.92% |
| Vandalia | 1.03% | 1.03% | 1.03% | 1.08% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Pike County, Missouri
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Pike County, MO. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Pike County Appraisal District. The assessed value, however, 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. Assessment notices in Pike County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, the city of Elsberry has the highest median tax bill at $1,920, whereas Louisiana has the lowest at $421. Being aware of these valuation processes in Pike County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Pike County Assessed Value
$71,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pike County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Annada | $19,485 | $31,808 | $155,930 | $234,472 | $334,315 |
| Ashburn | $120,880 | $120,880 | $120,880 | $120,880 | $120,880 |
| Bowling Green | $26,560 | $42,305 | $68,290 | $141,512 | $222,200 |
| Clarksville | $25,656 | $55,188 | $119,200 | $201,760 | $309,784 |
| Curryville | $66,888 | $91,630 | $179,410 | $294,425 | $359,623 |
| Elsberry | $51,902 | $87,890 | $170,640 | $203,150 | $299,870 |
| Eolia | $34,077 | $77,478 | $139,600 | $278,942 | $366,306 |
| Frankford | $21,122 | $53,250 | $113,760 | $163,910 | $259,974 |
| Louisiana | $16,043 | $23,665 | $39,935 | $79,750 | $156,561 |
| Middletown | $36,834 | $64,540 | $107,730 | $168,510 | $229,432 |
| New London | $44,838 | $60,060 | $85,430 | $212,515 | $288,766 |
| Vandalia | $114,296 | $124,640 | $141,880 | $174,230 | $193,640 |
Source: Ownwell
Property Tax Bills Across Pike County, Missouri
In Pike County, MO, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The county assessor determines this assessed value, which forms the basis for your property tax. The tax rate, set by local taxing authorities, is then applied to this assessed value to calculate your tax bill. Several factors influence the tax bill, including the property's location and market conditions. For instance, homeowners in Elsberry face the highest median tax bill in the county at $1,920, while those in Louisiana encounter the lowest at $421. Comparison with the national median property tax rate of 0.99% highlights Pike County's diverse tax landscape. The 25th percentile tax bill is $347, indicating a lower tax burden for some homeowners, whereas the 75th percentile tax bill reaches $1,447, reflecting a higher burden for others. The 90th percentile tax bill peaks at $2,675, showing significant variability in tax liabilities across the county. This variability affects homeowners differently, depending on their property's assessed value and location within the county.
Average Pike County Tax Bill
$720
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pike County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Annada | $244 | $398 | $1,647 | $2,405 | $3,205 |
| Ashburn | $1,164 | $1,164 | $1,164 | $1,164 | $1,164 |
| Bowling Green | $269 | $424 | $669 | $1,205 | $2,063 |
| Clarksville | $315 | $652 | $1,226 | $2,237 | $3,222 |
| Curryville | $609 | $768 | $1,497 | $2,291 | $2,780 |
| Elsberry | $638 | $1,094 | $1,920 | $2,324 | $2,719 |
| Eolia | $523 | $923 | $1,537 | $2,926 | $4,098 |
| Frankford | $209 | $531 | $1,014 | $1,462 | $2,092 |
| Louisiana | $158 | $250 | $421 | $799 | $1,559 |
| Middletown | $324 | $639 | $935 | $1,499 | $1,879 |
| New London | $407 | $551 | $790 | $1,541 | $1,992 |
| Vandalia | $1,206 | $1,361 | $1,619 | $1,868 | $2,018 |
Source: Ownwell