Brashear, Missouri Property Taxes
The median property tax rate in Brashear, MO is 0.89%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Brashear at $60,295, the typical annual property tax bill is $564, significantly below the national median of $2,690. Property taxes in Brashear are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Brashear'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 Brashear or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brashear, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$537
Ownwell’s Brashear Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brashear with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brashear 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 Brashear, Missouri
Property taxes in Brashear, Missouri, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Brashear is 0.89%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Brashear set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brashear 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 Brashear's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63533 zip code has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Brashear provides valuable insights into the varying tax landscape across Adair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brashear Tax Rate
0.89%
Average Adair County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brashear, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63533 | 0.61% | 0.66% | 0.89% | 1.03% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Brashear, Missouri
In Brashear, 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 Adair 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 Brashear, 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. For instance, the highest median tax bill in Brashear is $564.00 in the 63533 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brashear Assessed Value
$60,295
Average Adair County Assessed Value
$82,060
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brashear, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63533 | $9,695 | $23,565 | $60,295 | $122,600 | $188,485 |
Source: Ownwell
Property Tax Bills Across Brashear, Missouri
In Brashear, located in Adair County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Brashear is $60,295. Local tax authorities apply a tax rate to this assessed value to determine the annual tax bill. For instance, homeowners in Brashear can expect a tax bill ranging from $265 at the 25th percentile to $1,076 at the 75th percentile, with the 90th percentile reaching up to $1,740. The highest and lowest median tax bills in the area are both $564, indicating a relatively consistent tax rate across different properties. These tax bills fund essential public services like schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the community's overall quality of life. Compared to the national median property tax rate of 0.99%, Brashear’s tax rates reflect local economic conditions and the community's specific funding needs.
Average Brashear Tax Bill
$564
Average Adair County Tax Bill
$893
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Brashear, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63533 | $125 | $265 | $564 | $1,076 | $1,740 |
Source: Ownwell