Unionville, Missouri Property Taxes
The median property tax rate in Unionville, MO is 0.42%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Unionville at $1,900, the typical annual property tax bill is $8, far below the national median of $2,690. Property taxes in Unionville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Unionville'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 Unionville or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Unionville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$8
Ownwell’s Unionville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Unionville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Unionville 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 Sullivan County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Unionville, Missouri
Property taxes in Unionville, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Unionville is 0.42%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Unionville set these rates annually, leading to potential variations across different neighborhoods. Each year, Unionville 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 Unionville's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63565 has the highest median property tax rate of 0.42%, while the same zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Unionville provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Unionville Tax Rate
0.42%
Average Sullivan County Tax Rate
0.37%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unionville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63565 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Unionville, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Unionville, 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 Sullivan 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 Unionville, 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. For instance, properties in the zip code with the highest tax bills have annual amounts around $8, while those in the lowest are also around $8. 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 Unionville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Unionville Assessed Value
$1,900
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 Unionville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63565 | $1,900 | $1,900 | $1,900 | $1,900 | $1,900 |
Source: Ownwell
Property Tax Bills Across Unionville, Missouri
In Unionville, Sullivan County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office, which evaluates the property's market value and then applies an assessment ratio. The resulting assessed value is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Additionally, market trends and recent sales of similar properties in the area can impact the assessment. For homeowners in Unionville, understanding these factors is crucial, as they directly affect the amount they owe in property taxes. The median home price in Unionville is relatively low at $1,900, leading to modest property tax bills. For example, the tax bill at the 25th, 75th, and 90th percentiles is consistently $8. This is significantly lower than the national median property tax rate of 0.99%, making Unionville an affordable place for homeowners regarding property taxes.
Average Unionville Tax Bill
$8
Average Sullivan County Tax Bill
$330
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Unionville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63565 | $8 | $8 | $8 | $8 | $8 |
Source: Ownwell