Beaufort, Missouri Property Taxes
The median property tax rate in Beaufort, MO is 1.01%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With the median home value in Beaufort at $160,520, the typical annual property tax bill is $1,634, which is below the national median of $2,690. Property taxes in Beaufort are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Beaufort'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 Beaufort 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
Beaufort, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,621
Ownwell’s Beaufort Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaufort with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaufort 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 Beaufort, Missouri
Property taxes in Beaufort, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaufort is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Beaufort set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaufort 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 Beaufort's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63013 has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these areas compare with Beaufort provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaufort Tax Rate
1.01%
Average Franklin County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaufort, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63013 | 0.95% | 0.99% | 1.01% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Beaufort, Missouri
In Beaufort, 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 Franklin County Assessor 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 Beaufort, 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 Beaufort helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,634 in the 63013 zip code, while the lowest is also $1,634 in the same zip code.
Average Beaufort Assessed Value
$160,520
Average Franklin County Assessed Value
$143,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaufort, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63013 | $48,764 | $111,140 | $160,520 | $208,250 | $266,486 |
Source: Ownwell
Property Tax Bills Across Beaufort, Missouri
In Beaufort, located in Franklin County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value, and this percentage can vary based on local regulations. Homeowners in Beaufort can expect their property tax bills to fall within a range influenced by the assessed value and the local tax rate. For instance, the tax bill at the 25th percentile is around $1,173, while at the 75th percentile, it rises to approximately $2,109. At the 90th percentile, it can reach up to $2,684. These figures indicate that property taxes can vary significantly depending on the value of the property. The highest median tax bill in the area is $1,634, which is higher than the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners as property taxes can impact overall housing affordability and long-term financial planning.
Average Beaufort Tax Bill
$1,634
Average Franklin County Tax Bill
$1,687
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaufort, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63013 | $610 | $1,173 | $1,634 | $2,109 | $2,684 |
Source: Ownwell