Powersite, Missouri Property Taxes
The median property tax rate in Powersite, MO is 0.94%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Powersite, the typical annual property tax bill is around $95, significantly below the national median of $2,690. Property taxes in Powersite are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Powersite'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 Powersite or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Powersite, 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 Powersite Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Powersite. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Powersite to provide an accurate estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities and helps in financial planning. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property's assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Powersite, Missouri
Property taxes in Powersite, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Powersite is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Powersite set these rates annually, and they can vary significantly across different neighborhoods. Each year, Powersite 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 Powersite's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65731 zip code has both the highest and lowest median property tax rate of 0.94% in Taney County. Understanding how these areas compare with Powersite 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 Powersite Tax Rate
0.94%
Average Taney County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Powersite, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65731 | 0.93% | 0.94% | 0.94% | 0.94% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Powersite, Missouri
In Powersite, 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 Taney 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 Powersite, 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 Powersite helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Powersite is $10,000, with tax bills ranging from $24 at the 25th percentile to $848 at the 90th percentile.
Average Powersite Assessed Value
$10,000
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 Powersite, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65731 | $1,340 | $2,515 | $10,000 | $58,910 | $93,675 |
Source: Ownwell
Property Tax Bills Across Powersite, Missouri
In Powersite, located in Taney County, MO, property tax bills are calculated based on the assessed value of your home. The assessed value is typically a percentage of the market value, which is determined by local assessors. For instance, if your home has a median market price of $10,000, the assessed value would be a fraction of that amount. The local tax rate is then applied to the assessed value to determine your tax bill. In Taney County, the tax bills vary significantly, with the 25th percentile at $24 and the 75th percentile reaching $540. At the 90th percentile, homeowners might see tax bills as high as $848. These figures illustrate the range of property taxes that homeowners might encounter, depending on the value and location of their property within the county. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual expenses. Keeping track of local assessments and tax rates can help homeowners anticipate and manage their financial obligations more effectively.
Average Powersite Tax Bill
$95
Average Taney County Tax Bill
$449
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Powersite, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65731 | $13 | $24 | $95 | $540 | $848 |
Source: Ownwell