Shelbina, Missouri Property Taxes
The median property tax rate in Shelbina, MO is 1.04%, which is slightly higher than the national median of 0.99%, but lower than the Missouri state median of 1.20%. With a median home value of $52,500 in Shelbina, the typical annual property tax bill amounts to $535, which is significantly below the national median of $2,690. Property taxes in Shelbina are calculated based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Shelbina's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Shelbina or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shelbina, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$546
Ownwell’s Shelbina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shelbina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shelbina 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 Shelbina, Missouri
Property taxes in Shelbina, Missouri, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Shelbina is 1.04%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Shelbina set these rates annually, and they can vary across different neighborhoods. Each year, Shelbina 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. For comparison, the 63468 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Shelbina 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 Shelbina Tax Rate
1.04%
Average Shelby County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shelbina, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63468 | 0.75% | 0.76% | 1.04% | 1.21% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Shelbina, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Shelbina, Missouri. 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 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 Shelbina, 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 Shelbina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63468 has both the highest and lowest median tax bill, with a value of $535.
Average Shelbina Assessed Value
$52,500
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 Shelbina, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63468 | $10,300 | $21,300 | $52,500 | $94,200 | $169,300 |
Source: Ownwell
Property Tax Bills Across Shelbina, Missouri
In Shelbina, located in Shelby County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price is $52,500, the assessed value is determined by applying the state's assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in Shelbina might see tax bills ranging from $255 at the 25th percentile to $1,721 at the 90th percentile, with a median tax bill of $535. Compared to the national median property tax rate of 0.99%, Shelbina's rates offer a relatively affordable option for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Shelbina Tax Bill
$535
Average Shelby County Tax Bill
$514
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Shelbina, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63468 | $103 | $255 | $535 | $981 | $1,721 |
Source: Ownwell