Blackwell, Missouri Property Taxes
The median property tax rate in Blackwell, MO is 1.02%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Blackwell at $55,340, the typical annual property tax bill amounts to $529, which is significantly below the national median of $2,690. Property taxes in Blackwell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blackwell'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 Blackwell 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
Blackwell, 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 Blackwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blackwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blackwell 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 Blackwell, Missouri
Property taxes in Blackwell, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blackwell is 1.02%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Blackwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blackwell 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 Blackwell's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63626 zip code has the highest median property tax rate of 1.02%, while the 63626 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Blackwell provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blackwell Tax Rate
1.02%
Average Washington County Tax Rate
0.96%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blackwell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63626 | 0.84% | 0.98% | 1.02% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Blackwell, Missouri
In Blackwell, 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 Washington 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 Blackwell, 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. The highest median tax bill in Blackwell is $529 in the 63626 zip code, while the lowest median tax bill is also $529 in the same zip code. Being aware of these valuation processes in Blackwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blackwell Assessed Value
$55,340
Average Washington County Assessed Value
$37,210
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blackwell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63626 | $16,948 | $30,285 | $55,340 | $117,180 | $169,052 |
Source: Ownwell
Property Tax Bills Across Blackwell, Missouri
In Blackwell, property tax bills are determined by assessing the value of each property and applying the local tax rate to that value. The assessed value is typically a percentage of the property's market value, which in Blackwell is influenced by factors such as location, property size, and home condition. Homeowners in Blackwell, located in Washington County, experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill is around $282, while the 75th percentile reaches $1,135, and the 90th percentile can be as high as $1,665. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how their local rates and property values influence their tax bills. In Blackwell, the median home price is $55,340, which can help homeowners estimate their potential tax obligations. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Blackwell Tax Bill
$529
Average Washington County Tax Bill
$361
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Blackwell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63626 | $147 | $282 | $529 | $1,135 | $1,665 |
Source: Ownwell