Chadwick, Missouri Property Taxes
The median property tax rate in Chadwick, MO is 0.98%, slightly below both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Chadwick at $182,382, the typical annual property tax bill amounts to $1,774, which is less than the national median of $2,690. Property taxes in Chadwick are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Chadwick'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 Chadwick 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
Chadwick, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,787
Ownwell’s Chadwick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chadwick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chadwick 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 Chadwick, Missouri
Property taxes in Chadwick, Missouri, are essential for funding local services like public schools, road maintenance, and emergency services. The median tax rate in Chadwick is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Chadwick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chadwick 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 Chadwick's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65629 has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Chadwick provides valuable insights into the varying tax landscape across Taney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chadwick Tax Rate
0.98%
Average Taney County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chadwick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65629 | 0.97% | 0.97% | 0.98% | 0.99% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Chadwick, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chadwick, 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 local 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 Chadwick, 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. The zip code with the highest median tax bill in Chadwick is 65629, with a tax bill of $1,774. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chadwick Assessed Value
$182,382
Average Taney County Assessed Value
$44,055
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chadwick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65629 | $109,925 | $137,096 | $182,382 | $227,668 | $254,839 |
Source: Ownwell
Property Tax Bills Across Chadwick, Missouri
In Chadwick, located in Taney County, MO, property tax bills are calculated based on the assessed value of a property, 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. Various factors influence the assessed value, including the property's location, size, and condition. For homeowners in Chadwick, the median home price stands at $182,382. The tax bills vary significantly, with the 25th percentile at $1,348 and the 75th percentile reaching $2,199. For those in the 90th percentile, the tax bill can go up to $2,454. The highest and lowest median tax bills in the area are both $1,774, located in the zip code 65629. Compared to the national median property tax rate of 0.99%, Chadwick's rates can be seen as relatively moderate, impacting homeowners' annual expenses and influencing their financial planning. Understanding these factors can help residents anticipate their property tax obligations more accurately.
Average Chadwick Tax Bill
$1,774
Average Taney County Tax Bill
$449
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Chadwick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65629 | $1,093 | $1,348 | $1,774 | $2,199 | $2,454 |
Source: Ownwell