Worth, Worth County, Missouri Property Taxes
The median property tax rate in Worth, MO is 1.30%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Worth, the typical annual property tax bill reaches $144, which is well below the national median of $2,690. Property taxes in Worth 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 Worth'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 Worth or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Worth, Worth County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$138
$128
Ownwell’s Worth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Worth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Worth 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 Worth, Worth County, Missouri
Property taxes in Worth, Missouri, are essential for funding key local services, including public schools, road maintenance, and emergency services. The median tax rate in Worth stands at 1.30%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Worth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Worth 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 Worth's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64499 has the highest and lowest median property tax rate of 1.30%. Understanding how these cities compare with Worth 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 Worth Tax Rate
1.30%
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, Worth County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64499 | 1.13% | 1.22% | 1.30% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Worth, Worth County, Missouri
In Worth, 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 local 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 Worth, 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 Worth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Worth is $144, associated with the zip code 64499. The lowest median tax bill is also $144 in the same zip code.
Property Tax Assessment Values Across Worth, Worth County, Missouri
Source: Ownwell
$10,632
$58,777
$106,922
Average Worth Assessed Value
$10,632
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, Worth County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64499 | $1,850 | $4,425 | $10,632 | $31,726 | $66,592 |
Source: Ownwell
Property Tax Bills Across Worth, Worth County, Missouri
In Worth, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Worth is $10,632. Homeowners in the area can expect their property tax bills to vary significantly, with the 25th percentile paying around $58 and the 75th percentile paying about $432 annually. For those at the 90th percentile, tax bills can rise to $822. The highest and lowest median tax bills in Worth are both $144, found in the zip code 64499. These figures are influenced by factors such as property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Worth's property taxes can be relatively low, offering some financial relief to homeowners. Understanding these factors can help residents anticipate their annual property tax obligations and manage their finances more effectively.
Average Worth Tax Bill
$144
Average Worth County Tax Bill
$356
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Worth, Worth County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64499 | $24 | $58 | $144 | $432 | $822 |
Source: Ownwell