Walnut Shade, Missouri Property Taxes
The median property tax rate in Walnut Shade, MO is 0.96%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $81,480 in Walnut Shade, the typical annual property tax bill amounts to $755, which is considerably less than the national median of $2,690. Property taxes in Walnut Shade are determined based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Walnut Shade's property tax system, exploring available exemptions, and identifying potential reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in Walnut Shade or investing in the area, a thorough grasp of the local property tax landscape is crucial for financial planning and maximizing property value.
Last Updated June 14, 2024
Walnut Shade, 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 Walnut Shade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walnut Shade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walnut Shade 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 Walnut Shade, Missouri
Property taxes in Walnut Shade, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walnut Shade is 0.96%, which is slightly below the U.S. national median of 0.99%. Local government entities within Walnut Shade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walnut Shade 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 Walnut Shade's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65771 has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these cities compare with Walnut Shade 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 Walnut Shade Tax Rate
0.96%
Average Taney County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walnut Shade, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65771 | 0.92% | 0.95% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Walnut Shade, Missouri
In Walnut Shade, 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 Walnut Shade, 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 highest median tax bill in the area is $755 in the 65771 zip code, while the lowest is also $755 in the same zip code. Being aware of these valuation processes in Walnut Shade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Walnut Shade Assessed Value
$81,480
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 Walnut Shade, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65771 | $4,700 | $18,000 | $81,480 | $193,050 | $293,942 |
Source: Ownwell
Property Tax Bills Across Walnut Shade, Missouri
In Walnut Shade, located in Taney County, MO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is generally a percentage of the home's market value, and the local tax rate is applied to this assessed value to determine the tax bill. For instance, with a median home price of $81,480, homeowners can expect varying tax bills depending on the assessed value and applicable tax rates. The tax bill can range significantly, from the 25th percentile at $166 to the 90th percentile at $2,816. This variation highlights the different factors that influence property taxes, such as property size, improvements, and location within the county. In Walnut Shade, the median tax bill is notably lower than the national median property tax rate of 0.99%, making it relatively affordable for homeowners. However, understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and manage their finances effectively.
Average Walnut Shade Tax Bill
$755
Average Taney County Tax Bill
$449
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Walnut Shade, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65771 | $45 | $166 | $755 | $1,800 | $2,816 |
Source: Ownwell