Brixey, Missouri Property Taxes
The median property tax rate in Brixey, MO is 0.65%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Brixey at $50,600, the typical annual property tax bill is $328, significantly below the national median of $2,690. Property taxes in Brixey 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 Brixey'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 Brixey 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
Brixey, 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 Brixey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brixey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brixey 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 Brixey, Missouri
Property taxes in Brixey, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Brixey is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Brixey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brixey 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 Brixey's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65618 has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Brixey provides valuable insights into the varying tax landscape across Ozark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brixey Tax Rate
0.65%
Average Ozark County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brixey, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65618 | 0.58% | 0.62% | 0.65% | 0.66% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Brixey, Missouri
In Brixey, 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 Ozark County Assessor 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 Brixey, 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 Brixey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Brixey are both $328, found in the 65618 zip code.
Average Brixey Assessed Value
$50,600
Average Ozark County Assessed Value
$64,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brixey, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65618 | $17,520 | $29,550 | $50,600 | $78,600 | $108,820 |
Source: Ownwell
Property Tax Bills Across Brixey, Missouri
In Brixey, located in Ozark County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Brixey is $50,600. Tax rates are applied to this assessed value to determine the tax bill. For instance, homeowners in the 25th percentile can expect a tax bill around $179, while those in the 75th percentile might see bills closer to $579. The 90th percentile tax bill can reach up to $735. Several factors influence these amounts, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Brixey's property tax bills are relatively modest. This can significantly impact homeowners, offering a more affordable living situation and potentially increasing homeownership rates. The highest and lowest median tax bills in Brixey are both $328, indicating a consistent tax rate across different areas within the city.
Average Brixey Tax Bill
$328
Average Ozark County Tax Bill
$481
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Brixey, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65618 | $105 | $179 | $328 | $579 | $735 |
Source: Ownwell