Birch Tree, Missouri Property Taxes
The median property tax rate in Birch Tree, MO is 0.76%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $43,350, the typical annual property tax bill in Birch Tree is around $329, significantly below the national median of $2,690. Property taxes in Birch Tree are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Birch Tree'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 Birch Tree or another part of Shannon County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birch Tree, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$329
Ownwell’s Birch Tree Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Birch Tree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birch Tree 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 Birch Tree, Missouri
Property taxes in Birch Tree, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birch Tree is 0.76%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Birch Tree set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birch Tree 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 Birch Tree's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65438 zip code has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Birch Tree provides valuable insights into the varying tax landscape across Shannon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birch Tree Tax Rate
0.76%
Average Shannon County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birch Tree, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65438 | 0.64% | 0.72% | 0.76% | 0.84% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Birch Tree, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Birch Tree, Missouri. 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 Shannon 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 Birch Tree, 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 instance, the median home price in Birch Tree is $43,350, with tax bills ranging from $195 at the 25th percentile to $838 at the 90th percentile. 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 Birch Tree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Birch Tree Assessed Value
$43,350
Average Shannon County Assessed Value
$46,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birch Tree, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65438 | $15,300 | $24,950 | $43,350 | $73,975 | $118,280 |
Source: Ownwell
Property Tax Bills Across Birch Tree, Missouri
In Birch Tree, property tax bills are calculated based on the assessed value of a home, which is determined by the Shannon County assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to this value to calculate the annual property tax bill. Various factors influence the assessed value, including the property's location, size, and condition. For homeowners in Birch Tree, the median home price is $43,350. Property tax bills can vary significantly, with the 25th percentile at $195 and the 75th percentile reaching $548. At the 90th percentile, the tax bill can be as high as $838. The highest and lowest median tax bills in the area both stand at $329 in the 65438 zip code. Given the national median property tax rate of 0.99%, Birch Tree's property tax rates can be considered relatively moderate. These taxes fund essential local services, impacting homeowners by contributing to community resources such as schools, public safety, and infrastructure.
Average Birch Tree Tax Bill
$329
Average Shannon County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Birch Tree, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65438 | $122 | $195 | $329 | $548 | $838 |
Source: Ownwell