Poplar Bluff, Missouri Property Taxes
The median property tax rate in Poplar Bluff, MO is 0.83%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Poplar Bluff at $76,645, the typical annual property tax bill comes to $647, significantly below the national median of $2,690. Property taxes in Poplar Bluff 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 Poplar Bluff'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 Poplar Bluff or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Poplar Bluff, 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 Poplar Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poplar Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poplar Bluff 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 Poplar Bluff, Missouri
Property taxes in Poplar Bluff, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poplar Bluff is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Poplar Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poplar Bluff 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 Poplar Bluff's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63901 zip code has the highest median property tax rate of 0.83%, while the 63901 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Poplar Bluff provides valuable insights into the varying tax landscape across Butler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Poplar Bluff Tax Rate
0.83%
Average Butler County Tax Rate
0.82%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poplar Bluff, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63901 | 0.71% | 0.82% | 0.83% | 0.89% | 0.89% |
| 63902 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Poplar Bluff, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Poplar Bluff, 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 Butler 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 Poplar Bluff, 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 Poplar Bluff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $76,645, with tax bills ranging from $340 at the 25th percentile to $1,651 at the 90th percentile. The highest and lowest median tax bills are both $647 in the 63901 zip code.
Average Poplar Bluff Assessed Value
$76,645
Average Butler County Assessed Value
$71,345
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Poplar Bluff, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63901 | $19,810 | $37,845 | $76,650 | $134,750 | $204,614 |
| 63902 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Poplar Bluff, Missouri
Property tax bills in Poplar Bluff, located in Butler County, MO, are determined by assessing the value of a property and applying the local tax rate to this assessed value. The median home price in Poplar Bluff is $76,645. The assessed value, which is a percentage of the market value, is then multiplied by the tax rate set by local authorities. For homeowners in Poplar Bluff, property tax bills can vary significantly. The 25th percentile tax bill is $340, while the 75th percentile reaches $1,115, and the 90th percentile goes up to $1,651. The median tax bill in the area stands at $647, which is below the national median property tax rate of 0.99%. These tax bills are influenced by various factors, including property value, local tax rates, and any applicable exemptions. For homeowners, understanding these factors is crucial as they directly impact the annual financial obligations related to property ownership.
Average Poplar Bluff Tax Bill
$647
Average Butler County Tax Bill
$593
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Poplar Bluff, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63901 | $193 | $340 | $647 | $1,115 | $1,651 |
| 63902 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell