Denver, Missouri Property Taxes
The median property tax rate in Denver, MO is 1.27%, notably higher than the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Denver at $26,119, the typical annual property tax bill reaches $285, which is significantly lower than the national median of $2,690. Property taxes in Denver 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 Denver'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 Denver or another part of Worth County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Denver, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$332
Ownwell’s Denver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Denver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Denver 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 Denver, Missouri
Property taxes in Denver, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Denver is 1.27%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Denver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Denver 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 Denver's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64441 has both the highest and lowest median property tax rate in the region, standing at 1.27%. Understanding how these areas compare with Denver provides valuable insights into the varying tax landscape across Worth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Denver Tax Rate
1.27%
Average Worth County Tax Rate
1.26%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Denver, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64441 | 1.03% | 1.16% | 1.27% | 1.30% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Denver, Missouri
In Denver, 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 Worth County 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 Denver, 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 Denver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Worth County is $285 in zip code 64441, while the lowest median tax bill is also $285 in the same zip code.
Average Denver Assessed Value
$26,119
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 Denver, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64441 | $4,407 | $7,650 | $26,119 | $59,971 | $95,543 |
Source: Ownwell
Property Tax Bills Across Denver, Missouri
In Denver, MO, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property location, size, and improvements influence the market value, and consequently, the assessed value. Homeowners in Denver, MO, experience varying tax bills. For instance, the 25th percentile tax bill is $102, while the 75th percentile tax bill is $649, and at the 90th percentile, it reaches $943. These figures highlight the range of tax burdens depending on property value and specific circumstances. Compared to the national median property tax rate of 0.99%, local rates and assessed values can significantly impact homeowners' finances. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Denver Tax Bill
$285
Average Worth County Tax Bill
$356
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Denver, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64441 | $56 | $102 | $285 | $649 | $943 |
Source: Ownwell