Buckner, Missouri Property Taxes
The median property tax rate in Buckner, MO is 1.87%, significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $115,000 in Buckner, the typical annual property tax bill reaches $2,155, which is below the national median of $2,690. Property taxes in Buckner are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Buckner'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 Buckner or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Buckner, 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 Buckner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buckner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buckner 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 Buckner, Missouri
Property taxes in Buckner, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Buckner is 1.87%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Buckner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buckner 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 Buckner's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64016 zip code has both the highest and lowest median property tax rate of 1.87%. Understanding how these cities compare with Buckner provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buckner Tax Rate
1.87%
Average Jackson County Tax Rate
1.56%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buckner, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64016 | 1.78% | 1.87% | 1.87% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Buckner, Missouri
In Buckner, 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 Jackson 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 Buckner, 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 Buckner 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 $2,155 in the 64016 zip code, while the lowest is also $2,155 in the same zip code.
Average Buckner Assessed Value
$115,000
Average Jackson County Assessed Value
$127,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buckner, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64016 | $61,000 | $97,000 | $115,000 | $166,250 | $238,000 |
Source: Ownwell
Property Tax Bills Across Buckner, Missouri
In Buckner, located in Jackson County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For instance, if a home in Buckner has a median home price of $115,000, the assessed value would be a fraction of this amount, depending on local assessment rates. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Buckner can expect their property tax bills to vary significantly; the 25th percentile tax bill is around $1818, while the 75th percentile reaches $3104, and the 90th percentile can go up to $4305. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Buckner's rates reflect the specific needs and budgetary requirements of the community in Jackson County.
Average Buckner Tax Bill
$2,155
Average Jackson County Tax Bill
$2,070
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Buckner, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64016 | $1,162 | $1,818 | $2,155 | $3,104 | $4,305 |
Source: Ownwell