Bettendorf, Missouri Property Taxes
The median property tax rate in Bettendorf, MO is 1.37%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Bettendorf, the typical annual property tax bill reaches $28, exceeding the national median of $2,690. Property taxes in Bettendorf 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 Bettendorf'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 Bettendorf 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
Bettendorf, 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 Bettendorf Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bettendorf with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bettendorf 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 Bettendorf, Missouri
Property taxes in Bettendorf, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bettendorf is 1.37%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Bettendorf set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bettendorf 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 Bettendorf's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in the region is 1.50%, while the lowest median tax rate is 0.85%. Understanding how these cities compare with Bettendorf 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 Bettendorf Tax Rate
1.37%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bettendorf, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Bettendorf, Missouri
In Bettendorf, 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 Morgan 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 Bettendorf, 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. For example, properties in the 25th percentile have tax bills around $25, while those in the 75th percentile face bills closer to $31. 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 Bettendorf helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bettendorf Assessed Value
$2,600
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 Bettendorf, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Bettendorf, Missouri
In Bettendorf, 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 local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Bettendorf experience varying tax bills, with those at the 25th percentile paying around $25 annually, while those at the 75th percentile pay approximately $31. The highest tax bills, at the 90th percentile, reach up to $33. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting community quality of life. Compared to the national median property tax rate of 0.99%, Bettendorf homeowners benefit from relatively low property tax rates, making it an attractive location for residents seeking affordability without compromising on the quality of local services.
Average Bettendorf Tax Bill
$28
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bettendorf, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell