Bollinger County Property Taxes
The median property tax rate in Bollinger County is 0.80%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Bollinger County at $59,990, the typical annual property tax bill is $498, significantly below the national median of $2,690. Property taxes in Bollinger County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Bollinger County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Marble Hill or another part of Bollinger County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bollinger County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Bollinger County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bollinger County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bollinger County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Bollinger County, Missouri
Property taxes in Bollinger County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bollinger County is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Bollinger County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bollinger County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Advance has one of the higher property tax rates in Missouri at 0.96%, while the city of Millersville boasts one of the lowest at 0.76%. Analyzing how Bollinger County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bollinger County Tax Rate
0.80%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bollinger County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | 0.91% | 0.96% | 0.96% | 0.97% | 0.97% |
| Gipsy | 0.70% | 0.74% | 0.78% | 0.79% | 0.79% |
| Glenallen | 0.75% | 0.79% | 0.90% | 0.90% | 0.90% |
| Leopold | 0.76% | 0.80% | 0.83% | 0.83% | 1.06% |
| Marble Hill | 0.72% | 0.78% | 0.79% | 0.80% | 0.83% |
| Marquand | 0.75% | 0.80% | 0.84% | 0.86% | 0.86% |
| Millersville | 0.70% | 0.72% | 0.76% | 0.77% | 0.78% |
| Patton | 0.74% | 0.81% | 0.85% | 0.86% | 0.86% |
| Puxico | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| Sedgewickville | 0.73% | 0.81% | 0.84% | 0.85% | 0.93% |
| Zalma | 0.79% | 0.79% | 0.79% | 0.79% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Bollinger County, Missouri
In Bollinger County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Bollinger County Appraisal District. The assessed value, however, 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. Assessment notices in Bollinger County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Millersville boasts the highest median tax bill at $1,407, while Gipsy has the lowest at $227. Being aware of these valuation processes in Bollinger County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Bollinger County, Missouri
Source: Ownwell
$8,115
$98,883
$189,650
Average Bollinger County Assessed Value
$59,990
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bollinger County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | $10,843 | $23,018 | $59,115 | $100,928 | $142,346 |
| Gipsy | $3,800 | $11,218 | $29,500 | $69,118 | $90,235 |
| Glenallen | $7,954 | $18,602 | $37,885 | $66,402 | $98,182 |
| Leopold | $9,850 | $57,770 | $90,560 | $148,250 | $183,780 |
| Marble Hill | $7,716 | $26,402 | $60,510 | $103,220 | $151,812 |
| Marquand | $12,555 | $39,122 | $74,745 | $125,678 | $177,860 |
| Millersville | $45,175 | $87,275 | $189,650 | $199,798 | $212,780 |
| Patton | $12,393 | $33,380 | $64,065 | $105,225 | $172,378 |
| Puxico | $13,478 | $21,275 | $34,270 | $47,265 | $55,062 |
| Sedgewickville | $12,928 | $36,520 | $75,390 | $125,070 | $171,290 |
| Zalma | $2,388 | $4,770 | $8,115 | $45,652 | $59,202 |
Source: Ownwell
Property Tax Bills Across Bollinger County, Missouri
In Bollinger 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 Bollinger County stands at $59,990. Property taxes are determined by applying the local tax rate to the assessed value. For example, homeowners at the 25th percentile can expect a tax bill around $226, while those at the 75th percentile might see bills closer to $849. The 90th percentile tax bill can be as high as $1,279. Factors influencing tax bills include property location, assessed value, and applicable exemptions. In Bollinger County, the highest median tax bill is $1,407 in Millersville, whereas Gipsy has the lowest median tax bill at $227. These variations can significantly impact homeowners, affecting their annual budgets and long-term financial planning. Comparing this to the national median property tax rate of 0.99%, Bollinger County's rates provide a range of tax burdens, reflecting local economic conditions and public service funding needs.
Average Bollinger County Tax Bill
$498
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bollinger County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | $103 | $217 | $559 | $897 | $1,291 |
| Gipsy | $34 | $86 | $227 | $524 | $668 |
| Glenallen | $86 | $158 | $333 | $528 | $768 |
| Leopold | $122 | $508 | $838 | $1,264 | $1,653 |
| Marble Hill | $84 | $231 | $495 | $835 | $1,216 |
| Marquand | $121 | $352 | $627 | $1,059 | $1,544 |
| Millersville | $329 | $641 | $1,407 | $1,463 | $1,627 |
| Patton | $122 | $295 | $542 | $892 | $1,432 |
| Puxico | $107 | $169 | $272 | $375 | $436 |
| Sedgewickville | $159 | $322 | $605 | $1,057 | $1,403 |
| Zalma | $19 | $38 | $64 | $361 | $467 |
Source: Ownwell