Bellflower, Missouri Property Taxes
The median property tax rate in Bellflower, MO is 1.14%, which is higher than the national median of 0.99% but slightly lower than Missouri's state median of 1.20%. Given the median home value in Bellflower, the typical annual property tax bill is $236, which is significantly below the national median of $2,690. Property taxes in Bellflower are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Familiarizing yourself with Bellflower's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in Bellflower or investing in real estate here, understanding the local property tax system is crucial for financial planning and maximizing returns.
Last Updated June 14, 2024
Bellflower, 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 Bellflower Property Tax Bill Calculator helps homeowners, real estate investors, and potential owners estimate their annual property taxes in Bellflower with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellflower 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 Bellflower, Missouri
Property taxes in Bellflower, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellflower is 1.14%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Bellflower set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellflower 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 Bellflower's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63333 zip code has the highest median property tax rate of 1.14%, while the 63333 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Bellflower provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellflower Tax Rate
1.14%
Average Lincoln County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellflower, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63333 | 1.08% | 1.13% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Bellflower, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bellflower, Missouri. 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 Lincoln 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 Bellflower, 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 Bellflower helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bellflower is $21,050, with tax bills ranging from $108 at the 25th percentile to $1,040 at the 90th percentile. The zip code 63333 has the highest and lowest median tax bill of $236.
Average Bellflower Assessed Value
$21,050
Average Lincoln County Assessed Value
$149,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellflower, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63333 | $6,000 | $10,230 | $21,050 | $71,790 | $91,790 |
Source: Ownwell
Property Tax Bills Across Bellflower, Missouri
In Bellflower, property tax bills are determined by assessing the market value of a property and applying the county's tax rate to that value. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Bellflower, the median home price stands at $21,050. Property tax bills vary widely, with the 25th percentile tax bill at $108 and the 75th percentile at $815. The 90th percentile tax bill reaches up to $1,040. These figures highlight the range of tax burdens that homeowners might face. Compared to the national median property tax rate of 0.99%, Bellflower's tax bills can be significantly lower, offering some financial relief to property owners. However, understanding how these taxes are calculated and what factors influence them is crucial for effective financial planning and property management.
Average Bellflower Tax Bill
$236
Average Lincoln County Tax Bill
$1,734
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellflower, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63333 | $68 | $108 | $236 | $815 | $1,040 |
Source: Ownwell