Roby, Texas County, Missouri Property Taxes
The median property tax rate in Roby, MO is 0.63%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Roby, the typical annual property tax bill is $441, which is well below the national median of $2,690. Property taxes in Roby are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Roby'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 Roby 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
Roby, Texas County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$425
$394
Ownwell’s Roby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roby 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 Roby, Texas County, Missouri
Property taxes in Roby, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roby is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Roby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roby 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 Roby's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65557 has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Roby provides valuable insights into the varying tax landscape across Texas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roby Tax Rate
0.63%
Average Texas County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roby, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65557 | 0.58% | 0.62% | 0.63% | 0.64% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Roby, Texas County, Missouri
In Roby, 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 county's 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 Roby, 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. For instance, Roby has a median home price of $67,390, with the 25th percentile tax bill at $275 and the 75th percentile at $743. The highest and lowest median tax bills are both $441 in the 65557 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Roby, Texas County, Missouri
Source: Ownwell
$47,880
$79,465
$111,050
Average Roby Assessed Value
$67,390
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 Roby, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65557 | $22,863 | $43,040 | $67,390 | $118,385 | $142,429 |
Source: Ownwell
Property Tax Bills Across Roby, Texas County, Missouri
In Roby, Texas County, MO, property tax bills are calculated based on the assessed value of your home. The median home price in this area is $67,390, and the property tax rate is applied to this assessed value to determine the tax bill. The assessed value is a percentage of the market value of the property, which is then multiplied by the local tax rate. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Roby can expect their property tax bills to vary widely. For instance, tax bills range from the 25th percentile at $275 to the 75th percentile at $743, with the 90th percentile reaching up to $850. Compared to the national median property tax rate of 0.99%, Roby's property tax bills are relatively moderate, making it an attractive area for homeowners. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Roby Tax Bill
$441
Average Texas County Tax Bill
$521
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Roby, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65557 | $167 | $275 | $441 | $743 | $850 |
Source: Ownwell