Fordland, Missouri Property Taxes
The median property tax rate in Fordland, MO is 0.94%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With the median home value in Fordland at $80,100, the typical annual property tax bill is $762, well under the national median of $2,690. Property taxes in Fordland 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 Fordland'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 Fordland or another part of Webster County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fordland, 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 Fordland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fordland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fordland 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 Fordland, Missouri
Property taxes in Fordland, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fordland is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Fordland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fordland 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 Fordland's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65652 has the highest median property tax rate of 0.94%, while also having the lowest median tax rate of 0.94%. Understanding how these areas compare with Fordland provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fordland Tax Rate
0.94%
Average Webster County Tax Rate
0.95%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fordland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65652 | 0.87% | 0.92% | 0.94% | 1.01% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Fordland, Missouri
In Fordland, 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 Webster 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 Fordland, 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. Being aware of these valuation processes in Fordland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $762 in the 65652 zip code, which is also the lowest, highlighting a consistent tax environment.
Average Fordland Assessed Value
$80,100
Average Webster County Assessed Value
$95,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fordland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65652 | $25,800 | $43,200 | $80,100 | $138,650 | $207,360 |
Source: Ownwell
Property Tax Bills Across Fordland, Missouri
In Fordland, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the market value of the property. For Webster County, the tax rate is applied to this assessed value to calculate the annual property tax bill. Homeowners in Fordland can expect their tax bills to vary significantly depending on their property's assessed value. For instance, the median home price in Fordland is $80,100. Property tax bills in the 25th percentile are around $403, while those in the 75th percentile reach up to $1,314. At the 90th percentile, homeowners could see tax bills as high as $2,028. The median tax bill for the highest and lowest zip codes in the area is $762. These variations highlight the importance of accurately determining the assessed value, as it directly impacts the financial responsibility of homeowners. Compared to the national median property tax rate of 0.99%, Fordland's property tax bills are relatively moderate, providing some relief to local homeowners.
Average Fordland Tax Bill
$762
Average Webster County Tax Bill
$871
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Fordland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65652 | $239 | $403 | $762 | $1,314 | $2,028 |
Source: Ownwell