Preston, Dallas County, Missouri Property Taxes

Name: Property Tax Bills Across Preston, Dallas County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Preston, MO effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Preston, MO home value: $121,850
Median annual Preston, MO tax bill: $596, $1,804 lower than the national median property tax bill of $2,400.

How are property taxes in Dallas County calculated?

Property taxes in Preston, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Preston’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Preston, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Preston, Dallas County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$877

$814

Ownwell’s Preston Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Preston with just two data points. By entering your property's estimated assessed value, our calculator applies Preston’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Dallas County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Preston, Dallas County, Missouri

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Preston’s effective property tax rate to other cities in Missouri and the median property tax rates in Missouri and the U.S.

In Preston, located in Benton County, Missouri, property owners benefit from a more favorable tax rate compared to many other regions. With a median property tax rate of 0.72%, residents enjoy a lower rate than the national median of 1.02%. This makes Preston an attractive location for property investment and homeownership, as the tax burden is relatively light. Additionally, the median property tax bill in Preston is notably lower than the national median of $2,400, providing further financial relief to homeowners. By understanding these local tax dynamics, property owners in Preston can make more informed decisions about their investments and potential savings.

Property Tax Rates Across Preston, Dallas County, Missouri

Source: Ownwell

0.66%

0.78%

0.90%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Preston Tax Rate

0.72%

Median Effective Dallas County Tax Rate

0.78%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Preston, Dallas County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65732	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Preston, Dallas County, Missouri

When examining property taxes in Preston, Missouri, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Dallas County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Dallas County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Preston. For example, the median home price in Preston is $121,850, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Preston, Dallas County, Missouri

Source: Ownwell

$49,750

$74,375

$99,000

Median Preston Market Value

$121,850

Median Dallas County Market Value

$66,700

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Preston, Dallas County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65732	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Preston, Dallas County, Missouri

Preston in Dallas County, MO, calculates property tax bills based on the assessed value of a home, which is determined by a percentage of the property's market value. In Preston, the median home price is $121,850. Property tax rates are applied to the assessed value to determine the tax bill. Homeowners in Preston can expect a tax bill that varies significantly, with the 25th percentile at $275 and the 90th percentile reaching up to $1,904. This range shows how factors like property value and local tax rates affect the final tax bill. Compared to the national median property tax bill of $2,400, Preston's homeowners generally pay less. However, even within this range, homeowners may find opportunities to reduce their tax burden. That's where Ownwell steps in. By leveraging expertise in property tax appeals and exemptions, Ownwell can help homeowners potentially lower their property tax bills. Through a thorough review and appeal process, homeowners can ensure they are not overpaying on their property taxes.

Property Tax Bills Across Preston, Dallas County, Missouri

Source: Ownwell

$380

$633

$886

Median Preston Tax Bill

$596

Median Dallas County Tax Bill

$511

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Preston, Dallas County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65732	N/A	N/A	N/A	N/A	N/A

Source: Ownwell