Perkins, Scott County, Missouri Property Taxes
The median property tax rate in Perkins, MO is 0.86%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $24,415 in Perkins, the typical annual property tax bill amounts to $223, significantly below the national median of $2,690. Property taxes in Perkins are determined based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Perkins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in the heart of Perkins or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perkins, Scott County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$210
$195
Ownwell’s Perkins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perkins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perkins 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 Perkins, Scott County, Missouri
Property taxes in Perkins, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perkins is 0.86%, which is below the U.S. national median of 0.99%. Local government entities within Perkins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perkins 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 Perkins' effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63774 has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Perkins 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 Perkins Tax Rate
0.86%
Average Scott County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perkins, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63774 | 0.85% | 0.86% | 0.86% | 0.88% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Perkins, Scott County, Missouri
In Perkins, 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 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 Perkins, 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 Perkins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Perkins is $24,415, with tax bills ranging from $114 at the 25th percentile to $692 at the 90th percentile. The zip code 63774 has the highest median tax bill of $223, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Perkins, Scott County, Missouri
Source: Ownwell
$24,415
$61,308
$98,200
Average Perkins Assessed Value
$24,415
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 Perkins, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63774 | $6,852 | $13,238 | $24,415 | $34,518 | $85,827 |
Source: Ownwell
Property Tax Bills Across Perkins, Scott County, Missouri
In Perkins, located in Scott 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 Perkins is $24,415. Property taxes are determined by multiplying the assessed value by the local tax rate. For instance, the tax bill at the 25th percentile is $114, while at the 75th percentile, it rises to $296. At the 90th percentile, it can reach up to $692. These tax bills are influenced by various factors, including the property's assessed value and the local tax rate, which can vary. Homeowners in Perkins should be aware that these taxes fund essential public services such as schools, roads, and emergency services. With the national median property tax rate at 0.99%, the property tax rates in Perkins may seem relatively modest, but they still play a crucial role in the community's infrastructure and services. Understanding how these taxes are calculated can help homeowners manage their expenses more effectively.
Average Perkins Tax Bill
$223
Average Scott County Tax Bill
$598
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Perkins, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63774 | $61 | $114 | $223 | $296 | $692 |
Source: Ownwell