Pollock, Missouri Property Taxes
The median property tax rate in Pollock, MO is 0.97%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Pollock at $64,020, the typical annual property tax bill is approximately $587, well under the national median of $2,690. Property taxes in Pollock are determined based on the tax assessed value, which is usually less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Pollock'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 Pollock or another part of Putnam County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pollock, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$621
Ownwell’s Pollock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pollock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pollock 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 Pollock, Missouri
Property taxes in Pollock, Missouri, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Pollock is 0.97%, which is slightly below the U.S. national median of 0.99%. Local government entities within Pollock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pollock 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 Pollock's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63560 zip code has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with Pollock provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pollock Tax Rate
0.97%
Average Putnam County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pollock, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63560 | 0.79% | 0.86% | 0.97% | 1.15% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Pollock, Missouri
In Pollock, 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 Putnam 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 Pollock, 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 Pollock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 63560, with a median tax bill of $587.
Average Pollock Assessed Value
$64,020
Average Putnam County Assessed Value
$54,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pollock, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63560 | $19,002 | $26,705 | $64,020 | $100,120 | $139,511 |
Source: Ownwell
Property Tax Bills Across Pollock, Missouri
In Pollock, Putnam County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Pollock is $64,020. Property tax rates are applied to this assessed value to determine the annual tax bill. For instance, homeowners in the 25th percentile can expect a tax bill around $320, while those in the 75th percentile may see bills closer to $942. At the 90th percentile, tax bills can reach up to $1,225. Several factors influence these tax bills, including property size, home improvements, and local tax rates. Compared to the national median property tax rate of 0.99%, Pollock's tax rates can significantly impact homeowners' financial planning. While the highest and lowest median tax bills in Pollock are both $587, this uniformity suggests a relatively stable tax environment. Understanding these dynamics helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Pollock Tax Bill
$587
Average Putnam County Tax Bill
$636
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pollock, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63560 | $211 | $320 | $587 | $942 | $1,225 |
Source: Ownwell