De Kalb, Missouri Property Taxes
The median property tax rate in De Kalb, Missouri is 1.07%, 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 $156,496, the typical annual property tax bill in De Kalb reaches $1,662, which is below the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding De Kalb'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 De Kalb 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
De Kalb, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,675
Ownwell’s DE KALB Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DE KALB with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DE KALB 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 De Kalb, Missouri
Property taxes in DE KALB, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in DE KALB is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within DE KALB set these rates annually, and they can vary significantly across different neighborhoods. Each year, DE KALB 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. Understanding how DE KALB's effective property tax rate compares to other regions in Missouri and the national median provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Kalb Tax Rate
1.07%
Average Platte County Tax Rate
1.45%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Kalb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64440 | 0.95% | 1.01% | 1.07% | 1.11% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across De Kalb, Missouri
In DE KALB, 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 DE KALB, 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 DE KALB is $156,496, with tax bills ranging from $1,251 at the 25th percentile to $4,128 at the 90th percentile. The highest and lowest median tax bills both stand at $1,662 in the 64440 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average De Kalb Assessed Value
$156,496
Average Platte County Assessed Value
$243,632
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Kalb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64440 | $76,112 | $120,705 | $156,496 | $217,292 | $392,326 |
Source: Ownwell
Property Tax Bills Across De Kalb, Missouri
In DE KALB, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in DE KALB, the median home price is $156,496. Property tax bills vary significantly, with the 25th percentile at $1,251 and the 75th percentile at $2,398. The top 10% of tax bills can reach up to $4,128. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in DE KALB should be aware that their tax bills can fluctuate annually based on changes in assessed values and local tax rates. Compared to the national median property tax rate of 0.99%, DE KALB's rates reflect the unique economic and regulatory conditions of the area. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average De Kalb Tax Bill
$1,662
Average Platte County Tax Bill
$3,540
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across De Kalb, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64440 | $813 | $1,251 | $1,662 | $2,398 | $4,128 |
Source: Ownwell