Eunice, Texas County, Missouri Property Taxes
The median property tax rate in Eunice, MO is 0.68%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Eunice, the typical annual property tax bill reaches $311, significantly less than the national median of $2,690. Property taxes in Eunice 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 Eunice'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 Eunice or another part of Texas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eunice, Texas County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$326
$302
Ownwell’s Eunice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eunice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eunice 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 Eunice, Texas County, Missouri
Property taxes in Eunice, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eunice is 0.80%, which is significantly higher than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Eunice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eunice 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 Eunice's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65468 has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these figures compare with Eunice provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eunice Tax Rate
0.68%
Average Texas County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eunice, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65468 | 0.63% | 0.66% | 0.68% | 0.72% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Eunice, Texas County, Missouri
In Eunice, 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 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 Eunice, 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 $311 in zip code 65468, while the lowest is also $311 in the same zip code. Being aware of these valuation processes in Eunice helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Eunice, Texas County, Missouri
Source: Ownwell
$47,880
$79,465
$111,050
Average Eunice Assessed Value
$47,880
Average Texas County Assessed Value
$74,330
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eunice, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65468 | $14,444 | $25,470 | $47,880 | $75,050 | $107,464 |
Source: Ownwell
Property Tax Bills Across Eunice, Texas County, Missouri
In Eunice, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Factors such as location, property size, and improvements can influence this assessed value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Eunice face varying tax bills, with the 25th percentile at $199 and the 90th percentile reaching $688. The median home price in the area stands at $47,880. Compared to the national median property tax rate of 0.99%, Eunice’s property tax rates can be considered relatively moderate. This affects homeowners by influencing their annual financial planning and potentially impacting their decisions regarding property improvements or sales. Understanding these factors helps homeowners anticipate their tax obligations and manage their budgets more effectively.
Average Eunice Tax Bill
$311
Average Texas County Tax Bill
$521
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Eunice, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65468 | $101 | $199 | $311 | $512 | $688 |
Source: Ownwell