Blue Eye, Missouri Property Taxes
The median property tax rate in Blue Eye, MO is 0.98%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Blue Eye at $185,980, the typical annual property tax bill reaches $1,732, which is well below the national median of $2,690. Property taxes in Blue Eye are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Blue Eye'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 Blue Eye or another part of Taney County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blue Eye, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Blue Eye Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blue Eye with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blue Eye 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 Blue Eye, Missouri
Property taxes in Blue Eye, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Eye is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Blue Eye set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Eye 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 Blue Eye's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65611 has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Blue Eye provides valuable insights into the varying tax landscape across Taney County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Eye Tax Rate
0.98%
Average Taney County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Eye, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65611 | 0.87% | 0.92% | 0.98% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Blue Eye, Missouri
In Blue Eye, 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 Taney 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 Blue Eye, 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 Blue Eye helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $185,980, and the median tax bill in zip code 65611 is $1,732.
Average Blue Eye Assessed Value
$185,980
Average Taney County Assessed Value
$44,055
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Eye, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65611 | $7,703 | $32,900 | $185,980 | $299,408 | $403,727 |
Source: Ownwell
Property Tax Bills Across Blue Eye, Missouri
Property tax bills in Blue Eye, located in Taney County, MO, are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value of the home, which in Blue Eye is influenced by the median home price of $185,980. The local tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Blue Eye can expect a wide range of property tax bills. For instance, at the 25th percentile, tax bills are around $331, while those at the 75th percentile reach up to $2,780. The highest tax bills, at the 90th percentile, can go as high as $3,857. Compared to the national median property tax rate of 0.99%, Blue Eye's property taxes can be considered relatively moderate, depending on the specific assessed value of the property. These taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the area.
Average Blue Eye Tax Bill
$1,732
Average Taney County Tax Bill
$449
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Eye, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65611 | $73 | $331 | $1,732 | $2,780 | $3,857 |
Source: Ownwell