Bethel, Missouri Property Taxes
The median property tax rate in Bethel, MO is 0.92%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $171,535 in Bethel, the typical annual property tax bill amounts to $1,514, which is well below the national median of $2,690. Property taxes in Bethel are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bethel'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 Bethel or another part of Lewis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bethel, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,578
Ownwell’s Bethel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethel 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 Bethel, Missouri
Property taxes in Bethel, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethel is 0.92%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Bethel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethel 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 Bethel's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63434 has both the highest and lowest median property tax rate at 0.92%. Understanding how these areas compare with Bethel provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethel Tax Rate
0.92%
Average Lewis County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethel, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63434 | 0.79% | 0.84% | 0.92% | 1.01% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Bethel, Missouri
In Bethel, 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 Lewis 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 Bethel, 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 Bethel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $1,514, found in the 63434 zip code.
Average Bethel Assessed Value
$171,535
Average Lewis County Assessed Value
$40,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bethel, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63434 | $137,707 | $150,392 | $171,535 | $192,678 | $205,363 |
Source: Ownwell
Property Tax Bills Across Bethel, Missouri
In Bethel, Missouri, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and in Lewis County, the median home price is $171,535. Factors such as property size, location, and improvements impact the assessed value, ultimately influencing the tax bill. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. In Bethel, the property tax bill ranges from $1,465 at the 25th percentile to $1,592 at the 90th percentile, with a median tax bill of $1,514. This is significantly higher than the national median property tax rate of 0.99%. High property taxes can affect homeowners by increasing the cost of homeownership, potentially impacting decisions about buying or selling a property. Understanding these factors can help homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Bethel Tax Bill
$1,514
Average Lewis County Tax Bill
$410
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethel, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63434 | $1,435 | $1,465 | $1,514 | $1,562 | $1,592 |
Source: Ownwell