Annada, Pike County, Missouri Property Taxes
The median property tax rate in Annada, MO is 1.08%, 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 $155,930 in Annada, the typical annual property tax bill amounts to $1,647, which is below the national median of $2,690. Property taxes in Annada are based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Annada'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 Annada or another part of Pike County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Annada, Pike County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,684
$1,563
Ownwell’s Annada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Annada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Annada 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 Annada, Pike County, Missouri
Property taxes in Annada, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Annada is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Annada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Annada 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 Annada's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63330 has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Annada provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Annada Tax Rate
1.08%
Average Pike County Tax Rate
1.04%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Annada, Pike County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63330 | 0.94% | 0.98% | 1.08% | 1.22% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Annada, Pike County, Missouri
In Annada, 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 Pike 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 Annada, 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 Annada helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63330 has the highest median tax bill of $1,647, which aligns with the lowest median tax bill in the area, highlighting a consistent tax landscape.
Property Tax Assessment Values Across Annada, Pike County, Missouri
Source: Ownwell
$39,935
$109,673
$179,410
Average Annada Assessed Value
$155,930
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 Annada, Pike County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63330 | $19,485 | $31,808 | $155,930 | $234,472 | $334,315 |
Source: Ownwell
Property Tax Bills Across Annada, Pike County, Missouri
In Annada, located in Pike County, MO, property tax bills are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is typically a percentage of the property's market value. For homeowners in Annada, the property tax rate plays a crucial role in determining the final tax bill. Several factors influence this calculation, including the property's location, size, and condition. Homeowners with properties in higher-value areas or with larger homes generally face higher tax bills. The median home price in Annada is $155,930, which provides a benchmark for understanding local tax obligations. Compared to the national median property tax rate of 0.99%, Annada's tax bills can vary significantly. For instance, the 25th percentile tax bill is $398, while those in the 75th percentile pay around $2,405. Homeowners at the 90th percentile face tax bills as high as $3,205. These variations highlight the impact of property values and local tax rates on individual tax burdens, influencing household budgets and financial planning.
Average Annada Tax Bill
$1,647
Average Pike County Tax Bill
$720
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Annada, Pike County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63330 | $244 | $398 | $1,647 | $2,405 | $3,205 |
Source: Ownwell