Sullivan County, Missouri Property Taxes
The median property tax rate in Sullivan County is 0.37%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Sullivan County, the typical annual property tax bill is $330, far below the national median of $2,690. Property taxes in Sullivan County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Sullivan County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Milan or another part of Sullivan County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sullivan County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$306
$284
Ownwell’s Sullivan County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Sullivan County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sullivan County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Sullivan County, Missouri
Property taxes in Sullivan County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sullivan County is 0.37%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Sullivan County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sullivan County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Sullivan County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Humphreys has one of the higher property tax rates in Missouri at 0.61%, while the city of Unionville boasts one of the lowest at 0.42%. Analyzing how Sullivan County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sullivan County Tax Rate
0.37%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sullivan County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boynton | N/A | N/A | N/A | N/A | N/A |
| Browning | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Cora | N/A | N/A | N/A | N/A | N/A |
| Galt | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
| Green Castle | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| Green City | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| Harris | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Humphreys | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
| Laredo | N/A | N/A | N/A | N/A | N/A |
| Milan | 0.32% | 0.37% | 0.37% | 0.37% | 0.37% |
| New Boston | N/A | N/A | N/A | N/A | N/A |
| Newtown | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Pollock | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
| Reger | N/A | N/A | N/A | N/A | N/A |
| Unionville | N/A | N/A | N/A | N/A | N/A |
| Winigan | 0.35% | 0.35% | 0.35% | 0.35% | 0.37% |
Source: Ownwell
Property Tax Assessment Values Across Sullivan County, Missouri
In Sullivan County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Sullivan County Appraisal District. The assessed value, however, 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. Assessment notices in Sullivan County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Sullivan County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Sullivan County, the city with the highest median tax bill is Laredo at $656, while Browning has the lowest at $103. The median home price in the county is $82,754, with tax bills ranging from $156 at the 25th percentile to $925 at the 90th percentile.
Average Sullivan County Assessed Value
$82,754
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sullivan County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boynton | N/A | N/A | N/A | N/A | N/A |
| Browning | $2,728 | $3,933 | $21,945 | $65,408 | $122,132 |
| Cora | N/A | N/A | N/A | N/A | N/A |
| Galt | $4,691 | $7,980 | $29,858 | $38,698 | $71,039 |
| Green Castle | $5,510 | $19,646 | $45,790 | $83,410 | $162,735 |
| Green City | $11,970 | $43,880 | $95,855 | $159,315 | $248,729 |
| Harris | $2,350 | $3,458 | $18,981 | $53,646 | $111,642 |
| Humphreys | $2,280 | $5,006 | $22,097 | $61,798 | $91,337 |
| Laredo | N/A | N/A | N/A | N/A | N/A |
| Milan | $27,578 | $69,920 | $109,450 | $190,428 | $291,318 |
| New Boston | N/A | N/A | N/A | N/A | N/A |
| Newtown | $5,715 | $10,640 | $64,980 | $107,160 | $139,023 |
| Pollock | $1,900 | $2,470 | $9,310 | $51,300 | $63,498 |
| Reger | N/A | N/A | N/A | N/A | N/A |
| Unionville | N/A | N/A | N/A | N/A | N/A |
| Winigan | $2,489 | $6,650 | $44,070 | $71,915 | $134,368 |
Source: Ownwell
Property Tax Bills Across Sullivan County, Missouri
In Sullivan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this county experience a range of tax bills, influenced by the value of their property and the local tax rate. For instance, the median home price in Sullivan County is $82,754. Tax bills can vary significantly, with the 25th percentile tax bill at $156 and the 75th percentile reaching $598. At the 90th percentile, homeowners might see tax bills as high as $925. These figures illustrate the variability in property tax burdens, which can significantly impact household budgets. When compared to the national median property tax rate of 0.99%, Sullivan County's tax bills reflect a local approach to property taxation that can be more or less burdensome depending on individual property values. The highest median tax bill in the region is found in Laredo at $656, while Browning has the lowest at $103, showing the diversity in tax burdens within the county.
Average Sullivan County Tax Bill
$330
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sullivan County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boynton | N/A | N/A | N/A | N/A | N/A |
| Browning | $12 | $15 | $103 | $252 | $504 |
| Cora | N/A | N/A | N/A | N/A | N/A |
| Galt | $20 | $33 | $125 | $195 | $296 |
| Green Castle | $22 | $78 | $175 | $315 | $616 |
| Green City | $62 | $200 | $402 | $641 | $998 |
| Harris | $12 | $18 | $97 | $274 | $572 |
| Humphreys | $15 | $32 | $152 | $393 | $563 |
| Laredo | N/A | N/A | N/A | N/A | N/A |
| Milan | $126 | $261 | $406 | $708 | $1,012 |
| New Boston | N/A | N/A | N/A | N/A | N/A |
| Newtown | $31 | $73 | $336 | $556 | $719 |
| Pollock | $7 | $9 | $35 | $179 | $221 |
| Reger | N/A | N/A | N/A | N/A | N/A |
| Unionville | N/A | N/A | N/A | N/A | N/A |
| Winigan | $9 | $23 | $153 | $249 | $489 |
Source: Ownwell