Bronaugh, Missouri Property Taxes
The median property tax rate in Bronaugh, MO is 0.97%, slightly lower than the national median of 0.99% and significantly below the Missouri state median of 1.20%. With the median home value in Bronaugh at $74,311, the typical annual property tax bill amounts to $657, which is considerably less than the national median of $2,690. Property taxes in Bronaugh are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bronaugh'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 Bronaugh 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
Bronaugh, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$721
Ownwell’s Bronaugh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bronaugh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bronaugh 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 Bronaugh, Missouri
Property taxes in Bronaugh, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bronaugh is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Bronaugh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bronaugh 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 Bronaugh's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64728 within Bronaugh has both the highest and lowest median property tax rate of 0.97%. Understanding how these figures compare with Bronaugh provides valuable insights into the varying tax landscape across Vernon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bronaugh Tax Rate
0.97%
Average Barton County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bronaugh, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64728 | 0.90% | 0.93% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Bronaugh, Missouri
In Bronaugh, 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 Barton 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 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 Bronaugh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 64728 has both the highest and lowest median tax bill, valued at $657.
Average Bronaugh Assessed Value
$74,311
Average Barton County Assessed Value
$57,829
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bronaugh, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64728 | $33,206 | $48,620 | $74,311 | $84,464 | $90,557 |
Source: Ownwell
Property Tax Bills Across Bronaugh, Missouri
In Bronaugh, located in Barton 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, the median home price is $74,311. The tax rate applied to this assessed value determines the overall tax bill. Various factors influence this calculation, including the specific tax rate set by local authorities and any applicable exemptions or deductions. In Bronaugh, the tax bills can vary significantly. For instance, the 25th percentile tax bill is $440, while the 75th percentile reaches $790, and the 90th percentile is $870. These figures illustrate the range of property tax obligations homeowners may face. Compared to the national median property tax rate of 0.99%, the rates in Bronaugh can provide some relief or pose a higher burden depending on individual property values and the specific tax rate applied. Understanding how these factors interplay helps homeowners anticipate their annual property tax responsibilities and plan their finances accordingly.
Average Bronaugh Tax Bill
$657
Average Barton County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bronaugh, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64728 | $309 | $440 | $657 | $790 | $870 |
Source: Ownwell