Boynton Beach, Missouri Property Taxes
The median property tax rate in Boynton Beach, Missouri is 1.53%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Boynton Beach, the typical annual property tax bill reaches $83, well below the national median of $2,690. Property taxes in Boynton Beach 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 Boynton Beach'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 Boynton Beach 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
Boynton Beach, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$83
Ownwell’s Boynton Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boynton Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boynton Beach 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 Boynton Beach, Missouri
Property taxes in Boynton Beach, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boynton Beach stands at 1.53%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Boynton Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boynton Beach 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 Boynton Beach's effective property tax rate to other areas in Missouri and the national median. For comparison, the highest median property tax rate in the county is found in the 65085 zip code at 2.10%, while the lowest median tax rate is in the 65084 zip code at 1.20%. Understanding how these areas compare with Boynton Beach 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 Boynton Beach Tax Rate
1.53%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boynton Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Boynton Beach, Missouri
In Boynton Beach, 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 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 Boynton Beach, 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 Boynton Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Boynton Beach Assessed Value
$5,400
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 Boynton Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Boynton Beach, Missouri
In Boynton Beach, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Boynton Beach experience a median property tax rate that can significantly impact their annual expenses. For instance, the median home price in the area is $5,400, and tax bills can vary widely. At the 25th, 75th, and 90th percentiles, the tax bill stands at $83, illustrating a consistent rate across different property values. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in Boynton Beach may find their tax rates relatively manageable, but it's essential to stay informed about local tax policies and potential changes that could affect future bills.
Average Boynton Beach Tax Bill
$83
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Boynton Beach, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
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Source: Ownwell