Blairstown, Missouri Property Taxes
The median property tax rate in Blairstown, MO is 0.91%, slightly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $39,810 in Blairstown, the typical annual property tax bill is $477, which is significantly lower than the national median of $2,690. Property taxes in Blairstown 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 Blairstown'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 Blairstown 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
Blairstown, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$362
Ownwell’s Blairstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blairstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blairstown 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 Blairstown, Missouri
Property taxes in Blairstown, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blairstown is 0.91%, which is below the U.S. national median of 0.99%. Local government entities within Blairstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blairstown 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 Blairstown's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64726 zip code has the highest median property tax rate of 0.91%, while the 64726 zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Blairstown provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blairstown Tax Rate
0.91%
Average Henry County Tax Rate
0.95%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blairstown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64726 | 0.79% | 0.87% | 0.91% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Blairstown, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Blairstown, 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 Henry 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 Blairstown, 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. For example, the median home price in Blairstown is $39,810, with the 25th percentile tax bill at $168 and the 75th percentile tax bill at $864. The zip code 64726 has the highest and lowest median tax bill, both at $477. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blairstown Assessed Value
$39,810
Average Henry County Assessed Value
$36,250
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blairstown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64726 | $6,070 | $16,150 | $39,810 | $88,300 | $159,980 |
Source: Ownwell
Property Tax Bills Across Blairstown, Missouri
In Blairstown, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $39,810, a homeowner in Blairstown can expect a tax bill ranging from $168 at the 25th percentile to $1,703 at the 90th percentile. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Blairstown's tax rates can result in relatively lower tax bills, offering some financial relief to homeowners. However, it's essential for homeowners to stay informed about their property's assessed value and any changes in local tax rates to accurately anticipate their tax obligations. The highest and lowest median tax bills in the area both stand at $477, indicating some consistency in tax assessments within certain zip codes.
Average Blairstown Tax Bill
$477
Average Henry County Tax Bill
$369
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Blairstown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64726 | $82 | $168 | $477 | $864 | $1,703 |
Source: Ownwell