Doniphan, Missouri Property Taxes
The median property tax rate in Doniphan, MO is 0.74%, which is notably lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $32,950 in Doniphan, the typical annual property tax bill is $266, significantly below the national median of $2,690. Property taxes in Doniphan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Doniphan's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in considerable annual savings. Whether you're in the heart of Doniphan 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
Doniphan, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$244
Ownwell’s Doniphan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Doniphan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Doniphan 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 Doniphan, Missouri
Property taxes in Doniphan, Missouri, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Doniphan is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Doniphan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Doniphan 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 Doniphan's effective property tax rate to other areas in Ripley County and the national median. For comparison, the 63935 zip code has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Doniphan provides valuable insights into the varying tax landscape across Ripley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Doniphan Tax Rate
0.74%
Average Ripley County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Doniphan, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63935 | 0.67% | 0.70% | 0.74% | 0.75% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Doniphan, Missouri
In Doniphan, 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 Ripley County Assessor 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 Doniphan, 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 Doniphan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $266 in zip code 63935, whereas the lowest median tax bill is also $266 in the same zip code, reflecting the uniformity in property tax assessments within the city.
Average Doniphan Assessed Value
$32,950
Average Ripley County Assessed Value
$32,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Doniphan, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63935 | $4,100 | $10,700 | $32,950 | $68,600 | $118,840 |
Source: Ownwell
Property Tax Bills Across Doniphan, Missouri
In Doniphan, located in Ripley County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $32,950, homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is around $81, while at the 75th percentile, it rises to $582. For those at the 90th percentile, the tax bill can reach up to $1,090. Factors such as property type, improvements, and local levies contribute to these variations. Compared to the national median property tax rate of 0.99%, Doniphan's property tax rates can be relatively modest, which can be beneficial for homeowners. However, these taxes are crucial for funding local services, so understanding how they are calculated helps homeowners anticipate their financial obligations.
Average Doniphan Tax Bill
$266
Average Ripley County Tax Bill
$258
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Doniphan, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63935 | $33 | $81 | $266 | $582 | $1,090 |
Source: Ownwell