Advance, Stoddard County, Missouri Property Taxes
Median Advance, MO effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Advance, MO home value: $85,800
Median annual Advance, MO tax bill: $783, $1,617 lower than the national median property tax bill of $2,400.
How are property taxes in Stoddard County calculated?
Property taxes in Advance, 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 Advance’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Advance, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Advance, Stoddard County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$695
$645
Property Tax Rates Across Advance, Stoddard County, Missouri
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 Advance Tax Rate
0.81%
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 Stoddard County Tax Rate
0.85%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Advance, Stoddard County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63730 | 0.65% | 0.72% | 0.81% | 0.85% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Advance, Stoddard County, Missouri
When examining property taxes in Advance, 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 Stoddard County Assessor's Office 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.
Assessment notices: In Stoddard County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Advance. For example, the median home price in Advance is $85,800, with tax bills ranging significantly across the county. Zip code 63730 has the highest median home price at $85,800.
Property Tax Assessment Values Across Advance, Stoddard County, Missouri
Source: Ownwell
$69,800
$126,700
$183,600
Median Advance Market Value
$85,800
Median Stoddard County Market Value
$85,450
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Advance, Stoddard County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63730 | $15,300 | $40,675 | $85,800 | $147,375 | $244,680 |
Source: Ownwell
Property Tax Bills Across Advance, Stoddard County, Missouri
In Advance, located in Stoddard County, MO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which in this area, is influenced by factors such as location, size, and property type. Homeowners in Advance face a median property tax bill of $783, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $488 and the 90th percentile reaching $1,975.
For homeowners, these taxes are a crucial part of annual expenses, impacting financial planning and home affordability. Ownwell can assist homeowners in Advance by analyzing their property tax assessments to identify potential inaccuracies or overvaluations. By appealing these assessments, Ownwell aims to reduce tax liabilities, ensuring homeowners are not overpaying. This service can lead to substantial savings, allowing homeowners to allocate resources more effectively and enhance their financial stability.
Median Advance Tax Bill
$783
Median Stoddard County Tax Bill
$758
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Advance, Stoddard County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63730 | $238 | $488 | $783 | $1,267 | $1,975 |
Source: Ownwell