Bell City, Missouri Property Taxes
The median property tax rate in Bell City, MO is 0.75%, significantly lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $83,700 in Bell City, the typical annual property tax bill is $600, well below the national median of $2,690. Property taxes in Bell City 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 Bell City'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 Bell City 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
Bell City, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$628
Ownwell’s Bell City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bell City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bell City 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 Bell City, Missouri
Property taxes in Bell City, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bell City is 0.75%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Bell City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bell City 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 Bell City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63735 zip code has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Bell City provides valuable insights into the varying tax landscape across Stoddard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bell City Tax Rate
0.75%
Average Stoddard County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bell City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63735 | 0.67% | 0.71% | 0.75% | 0.79% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Bell City, Missouri
In Bell City, 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 Stoddard 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 Bell City, 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. For instance, homes in the 25th percentile might see tax bills around $330, while those in the 75th percentile could be closer to $1140. 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 Bell City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bell City Assessed Value
$83,700
Average Stoddard County Assessed Value
$85,450
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bell City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63735 | $12,180 | $35,450 | $83,700 | $142,600 | $208,620 |
Source: Ownwell
Property Tax Bills Across Bell City, Missouri
In Bell City, located in Stoddard County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate applied to this assessed value determines the final tax bill. For example, with a median home price of $83,700, homeowners can expect their property tax bill to vary significantly. At the lower end, the 25th percentile tax bill is around $330, while at the higher end, the 75th percentile tax bill can reach up to $1,140, and the 90th percentile tax bill can be as high as $1,492. These figures highlight the range of property tax burdens in the area, influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Bell City's property taxes reflect a diverse range of financial impacts on homeowners. Understanding these calculations can help residents anticipate their annual expenses and plan their budgets more effectively.
Average Bell City Tax Bill
$600
Average Stoddard County Tax Bill
$758
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bell City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63735 | $113 | $330 | $600 | $1,140 | $1,492 |
Source: Ownwell