Anabel, Missouri Property Taxes
The median property tax rate in Anabel, MO is 0.72%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Anabel at $41,700, the typical annual property tax bill reaches $300, falling well below the national median of $2,690. Property taxes in Anabel are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Anabel'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 Anabel or another part of Shelby County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Anabel, 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 Anabel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anabel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anabel 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 Anabel, Missouri
Property taxes in Anabel, Missouri, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Anabel is 0.72%, which is lower than the national median of 0.99%. Local government entities within Anabel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anabel 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 Anabel's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63431 zip code has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with Anabel provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anabel Tax Rate
0.72%
Average Shelby County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anabel, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63431 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Anabel, Missouri
In Anabel, 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 Shelby 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 Anabel, 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 Anabel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $300, found in the 63431 zip code.
Average Anabel Assessed Value
$41,700
Average Shelby County Assessed Value
$56,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anabel, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63431 | $41,700 | $41,700 | $41,700 | $41,700 | $41,700 |
Source: Ownwell
Property Tax Bills Across Anabel, Missouri
In Anabel, located in Shelby County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to determine the final tax bill. For homeowners in Anabel, the median home price is $41,700, and the property tax rate is relatively low compared to the national median property tax rate of 0.99%. Homeowners in Anabel can expect tax bills to be consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $300. This uniformity indicates a stable and predictable tax environment. The highest and lowest median tax bills in the area are also $300, showcasing a consistent tax rate across different properties. This stability can benefit homeowners by providing predictable annual expenses, making it easier to budget for property taxes and overall homeownership costs.
Average Anabel Tax Bill
$300
Average Shelby County Tax Bill
$514
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Anabel, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63431 | $300 | $300 | $300 | $300 | $300 |
Source: Ownwell