Bevier, Missouri Property Taxes
The median property tax rate in Bevier, MO is 1.22%, slightly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value in Bevier, the typical annual property tax bill amounts to $355, which is significantly lower than the national median of $2,690. Property taxes in Bevier are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Bevier'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 Bevier or another part of Macon County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bevier, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$356
Ownwell’s Bevier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bevier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bevier 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 Bevier, Missouri
Property taxes in Bevier, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bevier is 1.22%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bevier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bevier 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 Bevier's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63532 has both the highest and lowest median property tax rate of 1.22%. Understanding how these areas compare with Bevier provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bevier Tax Rate
1.22%
Average Macon County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bevier, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63532 | 0.85% | 1.05% | 1.22% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Bevier, Missouri
In Bevier, 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 Macon County Assessor's Office 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 Bevier, 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 Bevier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $355 in zip code 63532, highlighting the uniformity in tax assessments in this area.
Average Bevier Assessed Value
$29,158
Average Macon County Assessed Value
$49,737
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bevier, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63532 | $9,184 | $15,448 | $29,158 | $59,632 | $97,110 |
Source: Ownwell
Property Tax Bills Across Bevier, Missouri
In Bevier, located in Macon County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors who evaluate the market value of the property and apply an assessment ratio. Homeowners in Bevier face property tax rates that are influenced by various factors, including the home's location, size, and condition. The median home price in Bevier is $29,158, which serves as a basis for calculating property taxes. The tax bill varies significantly, with the 25th percentile at $181 and the 75th percentile at $657, indicating a range of tax burdens. At the 90th percentile, the tax bill can reach up to $1,085, reflecting higher-valued properties. Compared to the national median property tax rate of 0.99%, Bevier's property tax rates offer a relatively affordable option for homeowners. Understanding these factors helps homeowners anticipate their financial obligations and manage their budgets effectively.
Average Bevier Tax Bill
$355
Average Macon County Tax Bill
$506
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bevier, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63532 | $106 | $181 | $355 | $657 | $1,085 |
Source: Ownwell