Puxico, Missouri Property Taxes
The median property tax rate in Puxico, MO is 0.84%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $91,000 in Puxico, the typical annual property tax bill amounts to $762, significantly below the national median of $2,690. Property taxes in Puxico are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Puxico'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 Puxico or another part of Stoddard County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Puxico, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$764
Ownwell’s Puxico Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Puxico with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Puxico 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 Puxico, Missouri
Property taxes in Puxico, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Puxico is 0.84%, which is below the U.S. national median of 0.99%. Local government entities within Puxico set these rates annually, and they can vary significantly across different neighborhoods. Each year, Puxico 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 Puxico's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63960 has the same median property tax rate of 0.84%. Understanding how these areas compare with Puxico provides valuable insights into the varying tax landscape across Stoddard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Puxico Tax Rate
0.84%
Average Stoddard County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Puxico, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63960 | 0.71% | 0.78% | 0.84% | 0.87% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Puxico, Missouri
In Puxico, 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 Stoddard 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 Puxico, 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. The median home price in Puxico is $91,000, with tax bills ranging from $440 at the 25th percentile to $1,888 at the 90th percentile. Notably, the zip code 63960 has the highest median tax bill of $762. 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 Puxico helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Puxico Assessed Value
$91,000
Average Stoddard County Assessed Value
$85,450
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Puxico, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63960 | $25,300 | $49,450 | $91,000 | $148,800 | $227,800 |
Source: Ownwell
Property Tax Bills Across Puxico, Missouri
In Puxico, located in Stoddard County, MO, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is typically a percentage of the market value, which is determined by local assessors. For instance, if the median home price in Puxico is $91,000, the assessed value would be a fraction of this amount, depending on local assessment rates. Tax rates are then applied to the assessed value to calculate the annual tax bill. In Puxico, the median tax bill is $762, aligning with the lowest and highest median tax bills in the area. Homeowners in the 25th percentile pay around $440, while those in the 75th percentile face tax bills of about $1,263. The top 90th percentile can see tax bills as high as $1,888. Compared to the national median property tax rate of 0.99%, Puxico's tax rates can be relatively moderate, offering some relief to homeowners. However, the final amount can still significantly impact household budgets, emphasizing the importance of accurate property assessments.
Average Puxico Tax Bill
$762
Average Stoddard County Tax Bill
$758
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Puxico, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63960 | $255 | $440 | $762 | $1,263 | $1,888 |
Source: Ownwell