Vernon County, Missouri Property Taxes
The median property tax rate in Vernon County is 1.01%, which is slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Vernon County, the typical annual property tax bill reaches $536, significantly below the national median of $2,690. Property taxes in Vernon County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Vernon County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Nevada or another part of Vernon County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vernon County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$524
$486
Ownwell’s Vernon County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vernon County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Vernon County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Vernon County, Missouri
Property taxes in Vernon County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Vernon County is 1.01%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Vernon County set these rates annually, and they can vary significantly between different areas within the county. Each year, Vernon County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Vernon County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Nevada has one of the higher property tax rates in Missouri at 1.14%, while the city of El Dorado Springs boasts one of the lowest at 0.84%. Analyzing how Vernon County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Vernon County Tax Rate
1.01%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vernon County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bronaugh | 0.66% | 0.76% | 0.94% | 1.00% | 1.04% |
| Deerfield | 0.68% | 0.76% | 0.98% | 1.05% | 1.09% |
| El Dorado Springs | 0.58% | 0.68% | 0.84% | 0.91% | 0.94% |
| Harwood | 0.62% | 0.73% | 0.89% | 0.96% | 1.01% |
| Hume | N/A | N/A | N/A | N/A | N/A |
| Metz | N/A | N/A | N/A | N/A | N/A |
| Milo | 0.69% | 0.83% | 0.93% | 1.03% | 1.16% |
| Moundville | 0.66% | 0.87% | 0.96% | 1.00% | 1.04% |
| Nevada | 0.87% | 0.98% | 1.14% | 1.15% | 1.20% |
| Richards | 0.69% | 0.77% | 0.94% | 1.06% | 1.22% |
| Rich Hill | 0.67% | 0.69% | 0.88% | 0.99% | 1.03% |
| Schell City | N/A | N/A | N/A | N/A | N/A |
| Sheldon | 0.68% | 0.86% | 1.01% | 1.17% | 1.19% |
| Walker | 0.62% | 0.74% | 0.90% | 1.10% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Vernon County, Missouri
In Vernon County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Vernon County Appraisal District. The assessed value, however, 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. Assessment notices in Vernon County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Nevada has the highest median tax bill at $657, while Harwood has the lowest at $290. Being aware of these valuation processes in Vernon County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Vernon County Assessed Value
$51,890
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vernon County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bronaugh | $2,700 | $13,620 | $37,760 | $75,800 | $141,144 |
| Deerfield | $4,078 | $14,615 | $40,660 | $87,725 | $129,426 |
| El Dorado Springs | $6,117 | $20,005 | $53,600 | $105,718 | $145,709 |
| Harwood | $2,440 | $6,068 | $37,665 | $86,368 | $141,580 |
| Hume | N/A | N/A | N/A | N/A | N/A |
| Metz | N/A | N/A | N/A | N/A | N/A |
| Milo | $2,950 | $15,022 | $41,255 | $85,952 | $139,665 |
| Moundville | $4,012 | $13,990 | $43,390 | $82,800 | $147,534 |
| Nevada | $12,060 | $30,832 | $60,725 | $104,725 | $167,515 |
| Richards | $1,250 | $10,710 | $49,210 | $102,250 | $201,110 |
| Rich Hill | $5,440 | $25,530 | $58,150 | $122,325 | $185,610 |
| Schell City | N/A | N/A | N/A | N/A | N/A |
| Sheldon | $5,506 | $18,918 | $40,365 | $77,075 | $126,086 |
| Walker | $3,310 | $16,450 | $40,020 | $89,365 | $149,900 |
Source: Ownwell
Property Tax Bills Across Vernon County, Missouri
In Vernon County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Various factors influence the tax bill, including the property's location, size, and improvements. The local tax rate, applied to the assessed value, ultimately determines the tax bill. For example, homeowners in Vernon County experience a range of tax bills. At the 25th percentile, the tax bill is $213, while at the 75th percentile, it's $970. For those in the 90th percentile, the tax bill can reach $1,577. The highest median tax bill in the county is found in Nevada, at $657, whereas Harwood has the lowest median tax bill at $290. These property taxes significantly impact homeowners, as they are an ongoing expense that must be budgeted for annually. Compared to the national median property tax rate of 0.99%, Vernon County offers a relatively affordable property tax environment, benefiting homeowners financially.
Average Vernon County Tax Bill
$536
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Vernon County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bronaugh | $31 | $132 | $326 | $666 | $1,166 |
| Deerfield | $35 | $113 | $398 | $799 | $1,254 |
| El Dorado Springs | $43 | $177 | $467 | $884 | $1,290 |
| Harwood | $24 | $55 | $290 | $705 | $1,182 |
| Hume | N/A | N/A | N/A | N/A | N/A |
| Metz | N/A | N/A | N/A | N/A | N/A |
| Milo | $33 | $144 | $406 | $777 | $1,191 |
| Moundville | $37 | $127 | $373 | $772 | $1,355 |
| Nevada | $126 | $342 | $657 | $1,121 | $1,719 |
| Richards | $15 | $101 | $442 | $957 | $1,664 |
| Rich Hill | $34 | $186 | $527 | $1,099 | $1,798 |
| Schell City | N/A | N/A | N/A | N/A | N/A |
| Sheldon | $45 | $168 | $422 | $753 | $1,156 |
| Walker | $34 | $153 | $378 | $709 | $1,222 |
Source: Ownwell