Belleville, Missouri Property Taxes
The median property tax rate in Belleville, MO is 0.64%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Belleville, the typical annual property tax bill reaches $117, significantly below the national median of $2,690. Property taxes in Belleville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Belleville'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 Belleville 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
Belleville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$269
Ownwell’s Belleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belleville 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 Belleville, Missouri
Property taxes in Belleville, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Belleville is 1.07%, significantly higher than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Belleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belleville 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 Belleville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 62221 zip code has the highest median property tax rate of 1.07%, while the same zip code has the lowest median tax rate of 1.07%. Understanding how these cities compare with Belleville provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belleville Tax Rate
0.64%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belleville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62221 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Belleville, Missouri
In Belleville, 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 Morgan 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 Belleville, 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 instance, zip codes with the highest tax bills reach up to $161, while those with the lowest are around $89. Being aware of these valuation processes in Belleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belleville Assessed Value
$42,050
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belleville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62221 | $5,800 | $5,800 | $5,800 | $5,800 | $5,800 |
Source: Ownwell
Property Tax Bills Across Belleville, Missouri
In Belleville, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a property. This assessed value is typically a percentage of the property's market value, which is determined by the local assessor's office. The tax rate, or millage rate, is then applied to this assessed value to determine the tax bill. For homeowners in Belleville, the median home price is $42,050. Property tax bills can vary significantly, with the 25th percentile tax bill at $89 and the 75th percentile at $144. The 90th percentile tax bill reaches $161. These figures indicate the range of property taxes that homeowners might expect to pay, depending on their property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Belleville's property taxes are relatively modest. This can affect homeowners by making housing more affordable and reducing the overall cost of homeownership in the area. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Belleville Tax Bill
$117
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Belleville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62221 | $62 | $62 | $62 | $62 | $62 |
Source: Ownwell