Belton, Missouri Property Taxes
The median property tax rate in Belton, MO is 1.58%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Belton, the typical annual property tax bill reaches $1,968, exceeding the national median of $2,690. Property taxes in Belton 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 Belton'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 Belton 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
Belton, 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 Belton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belton 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 Belton, Missouri
Property taxes in Belton, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belton is 1.58%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Belton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belton 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 Belton's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64012 zip code has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Belton provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belton Tax Rate
1.58%
Average Cass County Tax Rate
1.46%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64012 | 1.24% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Belton, Missouri
In Belton, 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 Cass 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 Belton, 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. The median home price in Belton is $116,975, with tax bills ranging from $1,386 at the 25th percentile to $2,593 at the 75th percentile, and reaching up to $3,567 at the 90th percentile. The zip code 64012 has the highest and lowest median tax bill, both at $1,968. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belton Assessed Value
$116,975
Average Cass County Assessed Value
$149,060
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64012 | $28,260 | $72,515 | $116,975 | $163,400 | $231,525 |
Source: Ownwell
Property Tax Bills Across Belton, Missouri
In Belton, located in Cass County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. For example, the median home price in Belton is $116,975. Property tax rates are then applied to this assessed value to calculate the annual tax bill. Various factors influence the final tax bill, including the specific tax rate set by local taxing authorities and any applicable exemptions or deductions that homeowners may qualify for. In Belton, the 25th percentile tax bill is $1,386, while the 75th percentile tax bill is $2,593, and the 90th percentile tax bill reaches $3,567. These figures show significant variability depending on the assessed value and applicable rates. For homeowners, understanding these factors is crucial as property taxes contribute to the overall cost of homeownership. Comparing these figures to the national median property tax rate of 0.99% highlights how local rates and home values can affect annual tax obligations.
Average Belton Tax Bill
$1,968
Average Cass County Tax Bill
$2,217
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Belton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64012 | $1,028 | $1,386 | $1,968 | $2,593 | $3,567 |
Source: Ownwell