Rushville, Missouri Property Taxes
The median property tax rate in Rushville, MO is 1.08%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $110,645 in Rushville, the typical annual property tax bill amounts to $1,102, which is below the national median of $2,690. Property taxes in Rushville are based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Rushville'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 Rushville 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
Rushville, Missouri 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 Rushville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rushville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rushville 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 Rushville, Missouri
Property taxes in Rushville, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rushville is 1.08%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Rushville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rushville 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 Rushville's effective property tax rate to other areas in Missouri and the national median. For comparison, the 64484 zip code has both the highest and lowest median property tax rate of 1.08%. Understanding how these areas compare with Rushville provides valuable insights into the varying tax landscape across Buchanan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rushville Tax Rate
1.08%
Average Platte County Tax Rate
1.45%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rushville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64484 | 0.92% | 1.04% | 1.08% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Rushville, Missouri
In Rushville, 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 Platte 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. 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 Rushville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,102, located in the 64484 zip code.
Average Rushville Assessed Value
$110,645
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 Rushville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64484 | $41,021 | $74,374 | $110,645 | $145,008 | $200,472 |
Source: Ownwell
Property Tax Bills Across Rushville, Missouri
In Rushville, located in Platte County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in this region typically see assessed values that reflect a fraction of their property's market price. For example, with a median home price of $110,645, the assessed value would be a portion of this amount, and the tax rate is then applied to this assessed value. Several factors influence the final tax bill, including the property's location within specific taxing districts and any applicable exemptions. The tax bill can vary significantly; homeowners at the 25th percentile pay around $783, while those at the 75th percentile see bills closer to $1,564. The highest tax bills, at the 90th percentile, can reach up to $2,194. Compared to the national median property tax rate of 0.99%, Rushville's property taxes can be a significant expense for homeowners, impacting their overall housing costs and financial planning.
Average Rushville Tax Bill
$1,102
Average Platte County Tax Bill
$3,540
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rushville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64484 | $425 | $783 | $1,102 | $1,564 | $2,194 |
Source: Ownwell