Goodson, Polk County, Missouri Property Taxes
The median property tax rate in Goodson, MO is 0.92%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $44,500 in Goodson, the typical annual property tax bill amounts to $421, significantly less than the national median of $2,690. Property taxes in Goodson are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Goodson's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Goodson or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goodson, Polk County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$409
$380
Ownwell’s Goodson Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Goodson with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Goodson to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and plan your finances accordingly. For those interested in more granular data, you can scroll down to explore trends at the neighborhood level. Your property's assessed value, determined by the county, forms the basis for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Goodson, Polk County, Missouri
Property taxes in Goodson, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goodson is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Goodson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goodson 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. For comparison, the 65663 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Goodson 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 Goodson Tax Rate
0.92%
Average Polk County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goodson, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65663 | 0.70% | 0.84% | 0.92% | 0.98% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Goodson, Polk County, Missouri
In Goodson, 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 Goodson, 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 Goodson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Goodson is $421 in the zip code 65663, while the lowest is also $421 in the same zip code.
Property Tax Assessment Values Across Goodson, Polk County, Missouri
Source: Ownwell
$19,386
$60,099
$100,811
Average Goodson Assessed Value
$44,500
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 Goodson, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65663 | $10,896 | $19,208 | $44,500 | $87,599 | $138,083 |
Source: Ownwell
Property Tax Bills Across Goodson, Polk County, Missouri
In Goodson, 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 Goodson is $44,500. Homeowners' tax bills are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions. The median property tax bill in Goodson stands at $421.00, with the 25th percentile tax bill at $202 and the 75th percentile tax bill at $766. For the top 10% of properties, the tax bill can reach up to $1201. Considering the national median property tax rate of 0.99%, Goodson's property tax rates are relatively moderate, making it an appealing location for homeowners. These tax bills fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners should stay informed about their property tax assessments to ensure fair taxation and take advantage of any available exemptions.
Average Goodson Tax Bill
$421
Average Polk County Tax Bill
$421
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Goodson, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65663 | $107 | $202 | $421 | $766 | $1,201 |
Source: Ownwell