Bunker, Missouri Property Taxes
The median property tax rate in Bunker, 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 Bunker, the typical annual property tax bill reaches $360, significantly below the national median of $2,690. Property taxes in Bunker 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 Bunker'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 Bunker 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
Bunker, 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 Bunker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bunker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bunker 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 Bunker, Missouri
Property taxes in Bunker, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bunker is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Bunker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bunker 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 Bunker's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63629 has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with Bunker 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 Bunker Tax Rate
0.65%
Average Shannon County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bunker, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63629 | 0.59% | 0.62% | 0.65% | 0.67% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Bunker, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bunker, Missouri. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Shannon 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 Bunker, 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 Bunker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Bunker, the highest median tax bill is $360.00 in the 63629 zip code, while the lowest median tax bill is also $360.00 in the 63629 zip code.
Average Bunker Assessed Value
$53,800
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 Bunker, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63629 | $17,540 | $32,050 | $53,800 | $87,050 | $111,660 |
Source: Ownwell
Property Tax Bills Across Bunker, Missouri
In Bunker, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Homeowners in Bunker, located in Shannon County, see property tax rates that reflect regional trends. The median home price in Bunker is $53,800, and property tax bills vary significantly. For example, the 25th percentile tax bill is around $209, while the 75th percentile reaches $573, and the 90th percentile can be as high as $766. These figures highlight the variability in property tax burdens depending on the property's assessed value and specific location within the city. Factors such as property improvements, market conditions, and local tax rates all influence the final tax bill. Compared to the national median property tax rate of 0.99%, Bunker homeowners experience a range of tax bills that can significantly impact their annual expenses. Understanding these factors can help homeowners better prepare for their property tax obligations.
Average Bunker Tax Bill
$360
Average Shannon County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bunker, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63629 | $124 | $209 | $360 | $573 | $766 |
Source: Ownwell