Bertrand, Missouri Property Taxes
The median property tax rate in Bertrand, MO is 0.97%, slightly below both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Bertrand at $47,350, the typical annual property tax bill is around $481, significantly less than the national median of $2,690. Property taxes in Bertrand are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bertrand’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 Bertrand 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
Bertrand, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$459
Ownwell’s Bertrand Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bertrand with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bertrand to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan your finances accordingly. For those interested in trends at a neighborhood level, you can scroll down to find more localized information. Your property’s assessed value is determined by the county for property tax calculations, and it accounts for any applicable exemptions.
Property Tax Rates Across Bertrand, Missouri
Property taxes in Bertrand, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bertrand is 0.97%, which is slightly below the U.S. national median of 0.99%. Local government entities within Bertrand set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bertrand 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. Understanding how Bertrand's effective property tax rate compares to other areas in Mississippi County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bertrand Tax Rate
0.97%
Average Mississippi County Tax Rate
1.02%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bertrand, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63823 | 0.90% | 0.90% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Bertrand, Missouri
In Bertrand, 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 Mississippi 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 Bertrand, 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 Bertrand helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63823 has the highest median tax bill at $481, which is also the lowest median tax bill in the area.
Average Bertrand Assessed Value
$47,350
Average Mississippi County Assessed Value
$37,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bertrand, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63823 | $4,100 | $16,300 | $47,350 | $80,975 | $121,500 |
Source: Ownwell
Property Tax Bills Across Bertrand, Missouri
In Bertrand, Mississippi County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Bertrand face a median home price of $47,350. The tax rate in Bertrand helps determine how much a homeowner will owe annually. For instance, the 25th percentile tax bill is $233, while the 75th percentile reaches $784, and those in the 90th percentile pay around $1,109. These values illustrate the range of property tax bills within the city, highlighting how different factors such as property value and specific tax rates influence the final bill. Homeowners in Bertrand should be mindful of these taxes as they can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Bertrand's property taxes provide a unique perspective on how local tax policies affect residents' finances. The highest and lowest median tax bill in Bertrand is marked at $481, indicating a relatively consistent tax environment within the city.
Average Bertrand Tax Bill
$481
Average Mississippi County Tax Bill
$433
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bertrand, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63823 | $63 | $233 | $481 | $784 | $1,109 |
Source: Ownwell