Dunnegan, Polk County, Missouri Property Taxes
The median property tax rate in Dunnegan, MO is 0.91%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Dunnegan at $42,289, the typical annual property tax bill amounts to $329, significantly below the national median of $2,690. Property taxes in Dunnegan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Dunnegan'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 Dunnegan or another part of Polk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dunnegan, Polk County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$385
$357
Ownwell’s Dunnegan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunnegan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunnegan 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 Dunnegan, Polk County, Missouri
Property taxes in Dunnegan, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunnegan is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Dunnegan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunnegan 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 Dunnegan's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65640 has the highest median property tax rate of 0.91%, while the lowest median tax rate of 0.91% is also found in the same zip code. Understanding how these cities compare with Dunnegan provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunnegan Tax Rate
0.91%
Average Polk County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunnegan, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65640 | 0.68% | 0.78% | 0.91% | 0.97% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Dunnegan, Polk County, Missouri
In Dunnegan, 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 Polk 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 Dunnegan, 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 Dunnegan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Dunnegan are both $329.00, found in the 65640 zip code.
Property Tax Assessment Values Across Dunnegan, Polk County, Missouri
Source: Ownwell
$19,386
$60,099
$100,811
Average Dunnegan Assessed Value
$42,289
Average Polk County Assessed Value
$49,465
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dunnegan, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65640 | $12,674 | $19,482 | $42,289 | $83,684 | $118,666 |
Source: Ownwell
Property Tax Bills Across Dunnegan, Polk County, Missouri
In Dunnegan, located in Polk County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Dunnegan is $42,289. Local tax assessors determine the assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. The median property tax rate in the United States is 0.99%, but this can vary by location. Homeowners in Dunnegan can expect a wide range of tax bills. For example, the 25th percentile tax bill is $163, while the 75th percentile tax bill is $663. At the 90th percentile, tax bills can go up to $994. These variations are influenced by factors such as property size, location within the city, and any applicable exemptions or abatements. Understanding how property taxes are calculated can help homeowners in Dunnegan better plan for their financial obligations and take advantage of any potential savings or exemptions available to them.
Average Dunnegan Tax Bill
$329
Average Polk County Tax Bill
$421
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunnegan, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65640 | $93 | $163 | $329 | $663 | $994 |
Source: Ownwell