Blackwater, Missouri Property Taxes
The median property tax rate in Blackwater, MO is 1.06%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With the median home value in Blackwater at $125,832, the typical annual property tax bill amounts to $1,329, which is below the national median of $2,690. Property taxes in Blackwater 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 Blackwater'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 Blackwater 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
Blackwater, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,334
Ownwell’s Blackwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blackwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blackwater 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 Blackwater, Missouri
Property taxes in Blackwater, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Blackwater is 0.98%, slightly lower than the Missouri state median of 0.99% and the U.S. national median of 0.99%. Local government entities within Blackwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blackwater 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 Blackwater's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in the county is also 0.98%, found in the same zip code of 65322, while the lowest median tax rate in the county is likewise 0.98%, found in the same zip code of 65322. Understanding how these cities compare with Blackwater provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blackwater Tax Rate
1.06%
Average Saline County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blackwater, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65322 | 1.05% | 1.05% | 1.06% | 1.06% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Blackwater, Missouri
In Blackwater, 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 Saline 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. Assessment notices in Blackwater 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 Blackwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Blackwater is $125,832, with the highest and lowest median tax bills both being $1,329 in the 65322 zip code.
Average Blackwater Assessed Value
$125,832
Average Saline County Assessed Value
$78,621
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blackwater, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65322 | $99,493 | $109,370 | $125,832 | $142,293 | $152,170 |
Source: Ownwell
Property Tax Bills Across Blackwater, Missouri
In Blackwater, Saline County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For homeowners in this area, the median home price stands at $125,832. The local property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the final tax amount. Homeowners in Blackwater experience varying tax bills depending on their property’s value and specific circumstances. For example, the tax bill at the 25th percentile is $1,161, while those at the 75th percentile pay around $1,496. The tax bill at the 90th percentile reaches up to $1,596. These figures provide a range of what homeowners might expect to pay in property taxes, with the highest median tax bill in the area recorded at $1,329. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Blackwater Tax Bill
$1,329
Average Saline County Tax Bill
$974
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Blackwater, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65322 | $1,061 | $1,161 | $1,329 | $1,496 | $1,596 |
Source: Ownwell