Unionville, Putnam County, Missouri Property Taxes
The median property tax rate in Unionville, MO is 1.20%, aligning with the state median but notably higher than the national median of 0.99%. With a median home value of $61,040, the typical annual property tax bill in Unionville amounts to $728, which is significantly lower than the national median of $2,690. Property taxes in Unionville are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Unionville'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 Unionville or another part of the city, gaining insight into the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Unionville, Putnam County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$732
$680
Ownwell’s Unionville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Unionville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Unionville 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 Unionville, Putnam County, Missouri
Property taxes in Unionville, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Unionville is 1.07%, slightly higher than the Missouri state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Unionville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Unionville 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 Unionville's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63565 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Unionville 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 Unionville Tax Rate
1.20%
Average Putnam County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unionville, Putnam County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63565 | 0.83% | 1.17% | 1.20% | 1.20% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Unionville, Putnam County, Missouri
In Unionville, 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 Unionville, 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 Unionville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Unionville, the highest median tax bill is $728.00 in the 63565 zip code, while the lowest median tax bill is also $728.00 in the same zip code.
Property Tax Assessment Values Across Unionville, Putnam County, Missouri
Source: Ownwell
$19,970
$44,755
$69,540
Average Unionville Assessed Value
$61,040
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 Unionville, Putnam County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63565 | $12,810 | $26,250 | $61,040 | $124,610 | $225,850 |
Source: Ownwell
Property Tax Bills Across Unionville, Putnam County, Missouri
In Unionville, located in Putnam County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $61,040, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Several factors influence property tax bills, including the home's market value, the local tax rate, and any applicable exemptions. For instance, tax bills in Unionville range from $299 at the 25th percentile to $2,690 at the 90th percentile. The median tax bill in the area is $728, which is significantly lower than the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual expenses. Accurate assessments and knowledge of potential exemptions can help homeowners manage their tax obligations more effectively.
Average Unionville Tax Bill
$728
Average Putnam County Tax Bill
$636
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Unionville, Putnam County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63565 | $144 | $299 | $728 | $1,496 | $2,690 |
Source: Ownwell