Boss, Missouri Property Taxes
The median property tax rate in BOSS, MO is 0.80%, lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $34,670 in BOSS, the typical annual property tax bill amounts to $339, significantly below the national median of $2,690. Property taxes in BOSS are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding BOSS's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of BOSS 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
Boss, Missouri 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 BOSS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BOSS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BOSS 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 Boss, Missouri
Property taxes in BOSS, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in BOSS is 0.80%, which is below both the Missouri state median and the U.S. national median of 0.99%. Local government entities within BOSS set these rates annually, and they can vary significantly across different neighborhoods. Each year, BOSS 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 BOSS's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65440 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with BOSS provides valuable insights into the varying tax landscape across Dent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boss Tax Rate
0.80%
Average Dent County Tax Rate
0.76%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boss, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65440 | 0.67% | 0.75% | 0.80% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Boss, Missouri
In BOSS, 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 Dent 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 BOSS, 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. Being aware of these valuation processes in BOSS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $339.00, found in the zip code 65440.
Average Boss Assessed Value
$34,670
Average Dent County Assessed Value
$43,260
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boss, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65440 | $3,226 | $17,550 | $34,670 | $70,530 | $163,412 |
Source: Ownwell
Property Tax Bills Across Boss, Missouri
Property tax bills in BOSS, located in Dent County, MO, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, subsequently impacting the tax bill. In BOSS, the median home price is $34,670. Homeowners in the 25th percentile can expect a tax bill around $233, while those in the 75th percentile might see bills closer to $593. For properties in the 90th percentile, tax bills can reach up to $1,386. The highest and lowest median tax bills in the area are both recorded at $339, specifically in the 65440 zip code. This range of tax bills affects homeowners differently, with higher-valued properties incurring more substantial taxes. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Boss Tax Bill
$339
Average Dent County Tax Bill
$374
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Boss, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65440 | $149 | $233 | $339 | $593 | $1,386 |
Source: Ownwell