I'm looking at property in Springfield Missouri (assessors, house)

[lacece22]

I's looking at buying property in Springfield Missouri, is it a good idea? Also what are the property prices and property taxes roughly? Thanks for the help

[garth]

I've been looking in the area and asking some of the same questions as you. here's what I've found for the question I can answer:

Originally Posted by lacece22

I's looking at buying property in Springfield Missouri, is it a good idea?

That's a question only you can answer. Nobody has your persective on such a broad and unqualified question.

Originally Posted by lacece22

Also what are the property prices

Again, that question is too broad. The answer would be anywhere from $10,000 to $10,000,000. If you were to set some qualifications, you'd be able to get a better answer from folks.

Originally Posted by lacece22

and property taxes roughly?

Now, here's one that I can answer. Residential property taxes are based on 19% of the appraised value. The appraised value is not necessarily the selling price. It is the value of the property as determined by the Assessors Office. It usually happens to be less than the selling price of the house.

If you're talking about agricultural property, the taxes are based on 12% of the appraised value. If the property is commerical, it's something else. I think it's based on 32% of the appraised value. In all cases, after the factor you get the assessed value.

Now, you take that assessed value and apply the millage rate to it. It gives you the taxes on the property. The millage rate is the total of a variety of taxing authorities that can inlcude such things as the county, the city (if applicable), school district, library, etc. It all adds up to some amount. In the case of the City of Springfield, it's slightly more than $4.67 per $100.

I "rule of thumbed" it for myself by multiplying the $4.67/100 by the 19% factor. If gave me .89% tax on the assessed value for a house in the City of Springfield. If it were in Greene County, it would be less because the City portion would be abscent.

That's better than the State where I currently own property. I pay 1.2% on the selling price. If the MO real property selling price was brought into the picture, the .89% goes even lower. Remember, the MO tax is based on an assessed value that's usually lower than the selling price.

Here's a link to a site that will give you the information. Go to it and click on "Taxes" on the left menu. http://www.business4springfield.com/demographics/

I hope that's a little clearer than mud. Good luck.

[Randy Henderson]

Moderator cut: :
Suffice to say that buying property in Springfield and surrounding areas has been pretty profitable lately.

Email me for more info.

[Darren Stewart]

There are some great web sites about Springfield, you can google Springfield Chamber and get links to some of the information that your seeking as well. I was born in Springfield and moved around all over the world and moved back in 1985 when my father retired from the military, its a great place to live and raise a family or retire to.

I have these statistics on a previous post but thought I would repost them here for you.

It is important to note that no one industry dominates this area, our economy is diversified among alot of industries.

Statistics:

Cost of living is 10 percent below the national average.
Cost of housing is 15 percent below the national average.
Utility costs are 30 percent below the national average.

Geographically speaking 43 percent of the US population can be reached from this area in 4 hours or less.

Hope this helps in your decision making, best of luck and should you have any questions please feel free to email me direct or visit my profile.