Worth County, Missouri Property Taxes
The median property tax rate in Worth County is 1.26%, which is significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Worth County at $27,782, the typical annual property tax bill is $356, which is considerably lower than the national median of $2,690. Property taxes in Worth 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 Worth 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 Grant City or another part of Worth County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Worth County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$350
$325
Ownwell’s Worth County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Worth County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Worth 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 Worth County, Missouri
Property taxes in Worth County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Worth County is 1.26%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Worth County set these rates annually, and they can vary significantly between different areas within the county. Each year, Worth 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 Worth County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Parnell has one of the higher property tax rates in Missouri at 1.38%, while the city of Sheridan boasts one of the lowest at 1.23%. Analyzing how Worth County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Worth County Tax Rate
1.26%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Worth County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Denver | 1.03% | 1.16% | 1.27% | 1.30% | 1.31% |
| Grant City | 1.08% | 1.17% | 1.27% | 1.30% | 1.31% |
| Parnell | 1.10% | 1.19% | 1.38% | 1.46% | 1.58% |
| Sheridan | 1.03% | 1.11% | 1.23% | 1.27% | 1.29% |
| Worth | 1.13% | 1.22% | 1.30% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Worth County, Missouri
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Worth County, Missouri. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering factors like location, property condition, and current economic trends. For tax purposes, this value is estimated by the Worth 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 Worth 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. For example, the median home price in Worth County is $27,782, with tax bills ranging from $142 at the 25th percentile to $1,343 at the 90th percentile. Notably, Parnell has the highest median tax bill at $1,267, while Worth has the lowest at $144. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Worth County Assessed Value
$27,782
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Worth County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Denver | $4,407 | $7,650 | $26,119 | $59,971 | $95,543 |
| Grant City | $5,900 | $13,800 | $30,000 | $64,349 | $118,296 |
| Parnell | $45,600 | $61,672 | $106,922 | $163,469 | $201,343 |
| Sheridan | $4,400 | $10,750 | $19,050 | $55,780 | $94,936 |
| Worth | $1,850 | $4,425 | $10,632 | $31,726 | $66,592 |
Source: Ownwell
Property Tax Bills Across Worth County, Missouri
In Worth County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Worth County is $27,782, significantly lower than the national median. Homeowners in this county can expect tax bills to vary widely depending on their property's assessed value. For instance, the 25th percentile tax bill is around $142, while the 75th percentile tax bill rises to $781. The top 10% of tax bills can reach up to $1,343. Several factors influence these tax bills, including local tax rates and the specific assessments of individual properties. Cities within Worth County also show variation; for example, Parnell has the highest median tax bill at $1,267, whereas Worth has the lowest at $144. These variations directly impact homeowners, affecting their annual financial planning and overall cost of homeownership. Comparing these figures with the national median property tax rate of 0.99% highlights the relatively lower tax burden in Worth County.
Average Worth County Tax Bill
$356
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690