Brinktown, Missouri Property Taxes
The median property tax rate in Brinktown, MO is 0.94%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $70,950, the typical annual property tax bill in Brinktown amounts to $625, which is well below the national median of $2,690. Property taxes in Brinktown 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 Brinktown'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 Brinktown 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
Brinktown, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$667
Ownwell’s Brinktowm Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brinktowm with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brinktowm 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 Brinktown, Missouri
Property taxes in Brinktown, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brinktown is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Brinktown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brinktown 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 Brinktown's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65443 has both the highest and lowest median property tax rate of 0.94%. Understanding how these areas compare with Brinktown provides valuable insights into the varying tax landscape across Maries County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brinktown Tax Rate
0.94%
Average Maries County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brinktown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65443 | 0.80% | 0.87% | 0.94% | 0.95% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Brinktown, Missouri
In Brinktowm, 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 Maries 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 Brinktowm, 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. The median home price in Brinktowm is $70,950, with tax bills ranging from $320 at the 25th percentile to $1,775 at the 90th percentile. The zip code 65443 has the highest and lowest median tax bill, both at $625. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brinktown Assessed Value
$70,950
Average Maries County Assessed Value
$66,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brinktown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65443 | $23,360 | $33,200 | $70,950 | $128,000 | $196,940 |
Source: Ownwell
Property Tax Bills Across Brinktown, Missouri
In Brinktow, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by local authorities. For homeowners in Brinktow, the median home price stands at $70,950. Property tax bills can vary significantly, with the 25th percentile paying around $320, while those in the 75th percentile face bills of approximately $1,135. At the higher end, the 90th percentile sees tax bills reaching up to $1,775. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. The highest and lowest median tax bills in the area both stand at $625, indicating a uniformity in the tax rate applied within the zip code 65443. Compared to the national median property tax rate of 0.99%, homeowners in Brinktow may find their tax obligations relatively manageable, but it's essential to stay informed about local assessments and potential exemptions to optimize tax savings.
Average Brinktown Tax Bill
$625
Average Maries County Tax Bill
$586
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Brinktown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65443 | $237 | $320 | $625 | $1,135 | $1,775 |
Source: Ownwell