Nixa, Missouri Property Taxes
The median property tax rate in Nixa, MO is 1.11%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Nixa at $151,900, the typical annual property tax bill is $1,677, which is below the national median of $2,690. Property taxes in Nixa are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Nixa'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 Nixa or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nixa, 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 Nixa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nixa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nixa 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 Nixa, Missouri
Property taxes in Nixa, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nixa is 1.11%, higher than both the Missouri state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Nixa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nixa 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 Nixa's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65714 zip code has the highest median property tax rate of 1.11%, while the 65714 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Nixa provides valuable insights into the varying tax landscape across Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nixa Tax Rate
1.11%
Average Stone County Tax Rate
0.93%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nixa, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65714 | 0.92% | 1.05% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Nixa, Missouri
In Nixa, 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 Stone 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 Nixa, 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 Nixa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Stone County, the median home price is $151,900. The 25th percentile tax bill is $357, while the 75th percentile reaches $2,309. The highest median tax bill in the area is $1,677, found in zip code 65714, which also has the lowest median tax bill.
Average Nixa Assessed Value
$151,900
Average Stone County Assessed Value
$50,150
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nixa, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65714 | $8,060 | $39,100 | $151,900 | $209,800 | $286,240 |
Source: Ownwell
Property Tax Bills Across Nixa, Missouri
In Nixa, property tax bills are calculated based on the assessed value of a home, which is determined by the Stone County Assessor's Office. The assessed value is a percentage of the property's market value. Various factors, such as the property's location, size, and condition, influence this market value. Once the assessed value is established, local tax rates are applied to calculate the annual tax bill. Homeowners in Nixa can expect a wide range of tax bills. For instance, the 25th percentile tax bill is $357, while the 75th percentile reaches $2,309. At the higher end, the 90th percentile tax bill can be as much as $3,178. These variations reflect differences in property values and the specific tax rates applied within the county. Compared to the national median property tax rate of 0.99%, Nixa's tax rates can significantly impact homeowners, influencing their overall cost of living and financial planning. Homeowners should stay informed about local property assessments and tax rates to manage their expenses effectively.
Average Nixa Tax Bill
$1,677
Average Stone County Tax Bill
$460
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Nixa, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65714 | $82 | $357 | $1,677 | $2,309 | $3,178 |
Source: Ownwell