Bolckow, Missouri Property Taxes
The median property tax rate in Bolckow, MO is 1.14%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $66,520 in Bolckow, the typical annual property tax bill amounts to $755, which is significantly below the national median of $2,690. Property taxes in Bolckow are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Bolckow'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 Bolckow or another part of Andrew County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bolckow, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$758
Ownwell’s BOLCKOW Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BOLCKOW with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BOLCKOW 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 Bolckow, Missouri
Property taxes in Bolckow, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bolckow is 1.14%, higher than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Bolckow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bolckow 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 Bolckow's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64427 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Bolckow provides valuable insights into the varying tax landscape across Andrew County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bolckow Tax Rate
1.14%
Average Andrew County Tax Rate
1.22%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bolckow, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64427 | 0.78% | 0.89% | 1.14% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Bolckow, Missouri
In Bolckow, 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 Andrew County Assessor's Office 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 Bolckow, 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 Bolckow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $755, found in the 64427 zip code, while the lowest median tax bill is also $755 in the same zip code.
Average Bolckow Assessed Value
$66,520
Average Andrew County Assessed Value
$108,235
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bolckow, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64427 | $20,182 | $32,870 | $66,520 | $122,990 | $200,646 |
Source: Ownwell
Property Tax Bills Across Bolckow, Missouri
In Bolckow, located in Andrew County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Bolckow is $66,520. Local tax rates are applied to this assessed value to determine the tax bill. For instance, the median property tax bill in Bolckow is $755, aligning with the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Bolckow might see varying tax bills depending on their property's value and specific circumstances. For example, tax bills at the 25th percentile are around $383, while those at the 75th percentile reach up to $1,272. At the 90th percentile, tax bills can be as high as $2,016. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Bolckow Tax Bill
$755
Average Andrew County Tax Bill
$1,278
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bolckow, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64427 | $192 | $383 | $755 | $1,272 | $2,016 |
Source: Ownwell