Bernie, Missouri Property Taxes
The median property tax rate in Bernie, MO is 0.80%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Bernie at $65,980, the typical annual property tax bill amounts to $659, significantly below the national median of $2,690. Property taxes in Bernie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bernie’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 Bernie 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
Bernie, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$528
Ownwell’s Bernie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bernie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bernie 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 Bernie, Missouri
Property taxes in Bernie, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bernie is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Bernie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bernie 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 Bernie's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63822 has both the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Bernie provides valuable insights into the varying tax landscape across Dunklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bernie Tax Rate
0.80%
Average Dunklin County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bernie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63822 | 0.75% | 0.75% | 0.80% | 0.84% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Bernie, Missouri
In Bernie, 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 Dunklin 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 Bernie, 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 median home price in Bernie is $65,980, with tax bills ranging widely. The 25th percentile tax bill is $368, while the 75th percentile tax bill is $1,325, and the 90th percentile tax bill is $1,734. The zip code 63822 has both the highest and lowest median tax bill at $659. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bernie Assessed Value
$65,980
Average Dunklin County Assessed Value
$33,875
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bernie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63822 | $28,566 | $42,900 | $65,980 | $99,800 | $170,404 |
Source: Ownwell
Property Tax Bills Across Bernie, Missouri
In Bernie, located in Dunklin County, MO, property tax bills are determined by assessing the value of a property and applying the local tax rate. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $65,980, the property tax bill can vary significantly. Factors such as the property's location, improvements, and market conditions play a crucial role in this assessment. Homeowners in Bernie experience a range of property tax bills. At the 25th percentile, the tax bill is approximately $368, while at the 75th percentile, it rises to around $1,325. The 90th percentile sees even higher bills, reaching up to $1,734. Comparatively, the national median property tax rate is 0.99%, which highlights the variability within the local context. These property taxes directly impact homeowners by influencing their annual financial planning and potentially affecting property values. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Bernie Tax Bill
$659
Average Dunklin County Tax Bill
$320
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bernie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63822 | $223 | $368 | $659 | $1,325 | $1,734 |
Source: Ownwell