Shannon County, Missouri Property Taxes
The median property tax rate in Shannon County is 0.70%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Shannon County being $46,800, the typical annual property tax bill is around $320, well below the national median of $2,690. Property taxes in Shannon County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Shannon County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Eminence or another part of Shannon County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shannon County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$328
$304
Ownwell’s Shannon County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Shannon County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Shannon County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Shannon County, Missouri
Property taxes in Shannon County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Shannon County is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Shannon County set these rates annually, and they can vary significantly between different areas within the county. Each year, Shannon County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Shannon County's effective property tax rate with other areas and the national median. For comparison, the city of Salem has one of the higher property tax rates in the region at 0.80%, while the city of Winona boasts one of the lowest at 0.62%. Analyzing how Shannon County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Shannon County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shannon County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Birch Tree | 0.64% | 0.72% | 0.76% | 0.84% | 0.88% |
| Bunker | 0.59% | 0.62% | 0.65% | 0.67% | 0.71% |
| Ellington | 0.70% | 0.73% | 0.79% | 0.81% | 0.86% |
| Eminence | 0.65% | 0.70% | 0.72% | 0.74% | 0.79% |
| Hartshorn | 0.58% | 0.62% | 0.66% | 0.69% | 0.73% |
| Jadwin | N/A | N/A | N/A | N/A | N/A |
| Mountain View | 0.59% | 0.64% | 0.67% | 0.75% | 0.79% |
| Salem | 0.66% | 0.77% | 0.80% | 0.84% | 0.88% |
| Summersville | 0.56% | 0.60% | 0.64% | 0.66% | 0.70% |
| Winona | 0.58% | 0.61% | 0.62% | 0.66% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Shannon County, Missouri
In Shannon County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Shannon County Appraisal District. The assessed value, however, 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. Assessment notices in Shannon County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Jadwin has the highest median tax bill at $828, while Winona has the lowest at $260. Being aware of these valuation processes in Shannon County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Shannon County Assessed Value
$46,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shannon County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Birch Tree | $15,300 | $24,950 | $43,350 | $73,975 | $118,280 |
| Bunker | $17,540 | $32,050 | $53,800 | $87,050 | $111,660 |
| Ellington | $14,380 | $19,450 | $49,050 | $70,150 | $130,260 |
| Eminence | $16,300 | $26,250 | $47,400 | $84,850 | $144,380 |
| Hartshorn | $22,660 | $35,300 | $51,600 | $84,200 | $138,920 |
| Jadwin | N/A | N/A | N/A | N/A | N/A |
| Mountain View | $26,000 | $37,600 | $60,900 | $93,900 | $141,400 |
| Salem | $18,900 | $31,600 | $47,700 | $75,950 | $118,600 |
| Summersville | $23,100 | $33,700 | $59,100 | $96,650 | $154,900 |
| Winona | $13,050 | $23,225 | $42,250 | $71,400 | $113,900 |
Source: Ownwell
Property Tax Bills Across Shannon County, Missouri
In Shannon County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Shannon County is $46,800. Various factors influence the tax bill, including the property's location and any applicable exemptions or deductions. The tax rate is applied to the assessed value to determine the final tax bill. For homeowners in Shannon County, tax bills can vary significantly. At the 25th percentile, the tax bill is $187, while at the 75th percentile, it reaches $544. The 90th percentile sees tax bills as high as $869. These figures show a broad range of tax liabilities, reflecting differences in property values and applicable tax rates within the county. Comparatively, Shannon County's property tax rates are lower than the national median property tax rate of 0.99%. For instance, the highest median tax bill in the county is $828 in Jadwin, while the lowest is $260 in Winona. This variation can significantly impact homeowners, influencing their overall financial planning and housing affordability.
Average Shannon County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Shannon County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Birch Tree | $122 | $195 | $329 | $548 | $838 |
| Bunker | $124 | $209 | $360 | $573 | $766 |
| Ellington | $97 | $133 | $348 | $570 | $1,027 |
| Eminence | $118 | $193 | $342 | $597 | $1,023 |
| Hartshorn | $139 | $237 | $350 | $515 | $869 |
| Jadwin | N/A | N/A | N/A | N/A | N/A |
| Mountain View | $168 | $244 | $404 | $646 | $947 |
| Salem | $133 | $245 | $355 | $578 | $923 |
| Summersville | $151 | $219 | $374 | $577 | $920 |
| Winona | $85 | $147 | $260 | $445 | $699 |
Source: Ownwell