Rockaway Beach, Missouri Property Taxes
The median property tax rate in Rockaway Beach, MO is 0.95%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Rockaway Beach, the typical annual property tax bill reaches $38, well below the national median of $2,690. Property taxes in Rockaway Beach 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 Rockaway Beach'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 Rockaway Beach 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
Rockaway Beach, 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 Rockaway Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockaway Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockaway Beach 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 Taney County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rockaway Beach, Missouri
Property taxes in Rockaway Beach, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockaway Beach is 0.95%, which is slightly below the U.S. national median of 0.99%. Local government entities within Rockaway Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockaway Beach 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 Rockaway Beach's effective property tax rate to other areas in Missouri and the national median. For comparison, the highest and lowest median property tax rates in the region are both 0.95%, found in the 65740 zip code. Understanding how these areas compare with Rockaway Beach 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 Rockaway Beach Tax Rate
0.95%
Average Taney County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockaway Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65740 | 0.90% | 0.93% | 0.95% | 1.09% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Rockaway Beach, Missouri
In Rockaway Beach, 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's Office 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 Rockaway Beach, 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, the median home price is $3,708, with tax bills ranging from $18 at the 25th percentile to $786 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rockaway Beach Assessed Value
$3,708
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 Rockaway Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65740 | $1,285 | $1,974 | $3,708 | $18,800 | $73,150 |
Source: Ownwell
Property Tax Bills Across Rockaway Beach, Missouri
In Rockaway Beach, 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. Several factors influence the assessed value, including the property's location, size, and condition. For example, a home with a median price of $3,708 would have its assessed value calculated before applying the local tax rate. Homeowners in Rockaway Beach can expect a wide range of property tax bills. At the lower end, the 25th percentile tax bill is approximately $18, while at the higher end, the 75th percentile tax bill reaches around $190. For those at the 90th percentile, the tax bill can be as high as $786. These variations significantly impact homeowners, with some paying much lower taxes compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Rockaway Beach Tax Bill
$38
Average Taney County Tax Bill
$449
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockaway Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65740 | $12 | $18 | $38 | $190 | $786 |
Source: Ownwell