Kelso, Missouri Property Taxes
The median property tax rate in Kelso, MO is 0.94%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $70,770 in Kelso, the typical annual property tax bill amounts to $671, which is well below the national median of $2,690. Property taxes in Kelso are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kelso'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 Kelso 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
Kelso, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Kelso Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kelso with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kelso 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 Kelso, Missouri
Property taxes in Kelso, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kelso is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Kelso set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kelso 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 Kelso's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63758 has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these areas compare with Kelso provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kelso Tax Rate
0.94%
Average Scott County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kelso, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63758 | 0.90% | 0.94% | 0.94% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Kelso, Missouri
In Kelso, 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 Scott 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 Kelso, 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 Kelso 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 $671 in zip code 63758, while the lowest median tax bill is also $671 in the same zip code.
Average Kelso Assessed Value
$70,770
Average Scott County Assessed Value
$61,900
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kelso, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63758 | $33,364 | $48,670 | $70,770 | $108,758 | $155,746 |
Source: Ownwell
Property Tax Bills Across Kelso, Missouri
In Kelso, located in Scott County, MO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which in Kelso, has a median home price of $70,770. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or abatements. For example, the tax bill at the 25th percentile is $452, while at the 75th percentile, it rises to $999, indicating variability based on property characteristics and assessed value. Homeowners in Kelso experience property tax bills that can vary significantly, affecting their annual financial planning. Compared to the national median property tax rate of 0.99%, Kelso’s tax bills reflect the local economic conditions and property values, providing a tailored approach to property taxation in the region.
Average Kelso Tax Bill
$671
Average Scott County Tax Bill
$598
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Kelso, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63758 | $307 | $452 | $671 | $999 | $1,353 |
Source: Ownwell