Bates City, Missouri Property Taxes
The median property tax rate in Bates City, MO is 0.83%, lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value in Bates City of $10,350, the typical annual property tax bill is $86, significantly below the national median of $2,690. Property taxes in Bates City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Bates City'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 Bates City or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bates City, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$86
Ownwell’s Bates City Property Tax Bill Calculator assists homeowners, real estate investors, or potential owners in estimating their annual property taxes in Bates City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bates City 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 Bates City, Missouri
Property taxes in Bates City, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bates City is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Bates City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bates City 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 Bates City's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64011 has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Bates City provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bates City Tax Rate
0.83%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bates City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64011 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Bates City, Missouri
In Bates City, 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 local 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 Bates City, 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 Bates City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest tax bills in Bates City are found in zip codes with a median home price of $10,350, resulting in tax bills around $86.
Average Bates City Assessed Value
$10,350
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bates City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64011 | $10,310 | $10,325 | $10,350 | $10,375 | $10,390 |
Source: Ownwell
Property Tax Bills Across Bates City, Missouri
In Bates City, located in Morgan 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. Homeowners in Bates City experience relatively low property tax bills compared to the national average, with a median home price of $10,350. The property tax rate in this area results in tax bills that are notably consistent across different percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $86. This uniformity in tax bills suggests a stable and predictable property tax environment, which can be beneficial for homeowners in managing their annual expenses. Compared to the national median property tax rate of 0.99%, Bates City's property tax rate offers a more affordable option for residents. This lower tax burden can make homeownership more accessible and financially manageable, contributing to the overall appeal of living in Bates City.
Average Bates City Tax Bill
$86
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bates City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64011 | $86 | $86 | $86 | $86 | $86 |
Source: Ownwell