Belton, Missouri Property Taxes
The median property tax rate in Belton, MO is 1.28%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Belton, the typical annual property tax bill reaches $51, exceeding the national median of $2,690. Property taxes in Belton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Belton'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 Belton 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
Belton, 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 Belton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belton 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 Belton, Missouri
Property taxes in Belton, Missouri, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Belton is 1.28%, which is higher than the U.S. national median of 0.99%. Local government entities within Belton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belton 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 Belton's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64012 has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these areas compare with Belton 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 Belton Tax Rate
1.28%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64012 | 0.88% | 0.91% | 1.28% | 2.04% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Belton, Missouri
In Belton, 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 Belton, 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 Belton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest tax bill is 64012, averaging $2,786, while the lowest is 64011, averaging $45.
Average Belton Assessed Value
$4,300
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 Belton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64012 | $1,650 | $2,250 | $4,300 | $102,475 | $313,690 |
Source: Ownwell
Property Tax Bills Across Belton, Missouri
In Belton, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Belton, the median home price is $4,300. The property tax rate in the area is applied to this assessed value to calculate the tax owed. Several factors influence the final tax bill, including the property's location, improvements, and any applicable exemptions. For instance, the 25th percentile of tax bills in Belton is $45, while the 75th percentile reaches $936, and the 90th percentile can be as high as $2,786. These variations indicate that homeowners with higher-valued properties or fewer exemptions will face larger tax bills. Understanding these factors can help homeowners anticipate their financial responsibilities and plan accordingly. Compared to the national median property tax rate of 0.99%, Belton’s property tax landscape can significantly impact homeowners' budgets.
Average Belton Tax Bill
$51
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Belton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64012 | $40 | $45 | $51 | $936 | $2,786 |
Source: Ownwell