Osceola, Missouri Property Taxes
The median property tax rate in Osceola, Missouri is 1.02%, slightly above the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $34,600 in Osceola, the typical annual property tax bill amounts to $324, which is significantly below the national median of $2,690. Property taxes in Osceola are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Osceola's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in Osceola or investing in real estate within the city, understanding the local property tax structure is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Osceola, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$353
Ownwell’s Osceola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Osceola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Osceola 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 Osceola, Missouri
Property taxes in Osceola, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Osceola is 1.02%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Osceola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Osceola 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 Osceola's effective property tax rate to other counties in Missouri and the national median. For comparison, the ZIP code 64776 has the highest median property tax rate of 1.02%, while the same ZIP code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Osceola provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Osceola Tax Rate
1.02%
Average St. Clair County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Osceola, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64776 | 0.79% | 0.89% | 1.02% | 1.05% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Osceola, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Osceola, Missouri. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the St. Clair 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 Osceola, 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. In St. Clair County, the median home price is $34,600, with tax bills ranging from $162 at the 25th percentile to $1,100 at the 90th percentile. Notably, the highest and lowest median tax bills are both $324 in the 64776 zip code. Being aware of these valuation processes in Osceola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Osceola Assessed Value
$34,600
Average St. Clair County Assessed Value
$27,650
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Osceola, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64776 | $9,730 | $17,050 | $34,600 | $63,525 | $119,480 |
Source: Ownwell
Property Tax Bills Across Osceola, Missouri
In Osceola, located in St. Clair County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $34,600, homeowners in Osceola can expect variations in their tax bills. At the 25th percentile, the tax bill is around $162, while at the 75th percentile, it rises to $590. For those at the 90th percentile, the tax bill can reach up to $1,100. These figures highlight the range of property tax burdens within the community. The highest and lowest median tax bill both stand at $324, reflecting some consistency within the specific zip code of 64776. Compared to the national median property tax rate of 0.99%, Osceola's property tax rates can significantly impact homeowners, affecting their overall financial planning and budgeting.
Average Osceola Tax Bill
$324
Average St. Clair County Tax Bill
$244
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Osceola, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64776 | $97 | $162 | $324 | $590 | $1,100 |
Source: Ownwell