Barnard, Missouri Property Taxes
The median property tax rate in Barnard, MO is 0.93%, 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 Barnard at $49,430, the typical annual property tax bill is $458, well under the national median of $2,690. Property taxes in Barnard are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Barnard'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 Barnard or another part of Andrew County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barnard, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$460
Ownwell’s Barnard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barnard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barnard 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 Barnard, Missouri
Property taxes in Barnard, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barnard is 0.93%, which is slightly below the U.S. national median of 0.99%. Local government entities within Barnard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barnard 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 Barnard's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64423 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these cities compare with Barnard provides valuable insights into the varying tax landscape across Andrew County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barnard Tax Rate
0.93%
Average Andrew County Tax Rate
1.22%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barnard, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64423 | 0.86% | 0.89% | 0.93% | 1.04% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Barnard, Missouri
In Barnard, 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 Andrew 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 Barnard, 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 Barnard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Barnard is $49,430, with tax bills ranging from $428 at the 25th percentile to $1,179 at the 90th percentile. The zip code with the highest and lowest median tax bill is 64423, both at $458.
Average Barnard Assessed Value
$49,430
Average Andrew County Assessed Value
$108,235
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barnard, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64423 | $47,542 | $48,250 | $49,430 | $83,900 | $104,582 |
Source: Ownwell
Property Tax Bills Across Barnard, Missouri
In Barnard, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $49,430, homeowners can expect their property tax bills to vary. The 25th percentile tax bill is around $428, while the 75th percentile reaches up to $908. At the 90th percentile, the tax bill can go as high as $1,179. These figures highlight the range of property tax liabilities within the community. Comparatively, the national median property tax rate is 0.99%, impacting how much homeowners in Barnard pay relative to other regions. Understanding these factors is crucial for homeowners as property taxes significantly influence their annual financial planning and long-term investment in their homes.
Average Barnard Tax Bill
$458
Average Andrew County Tax Bill
$1,278
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Barnard, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64423 | $411 | $428 | $458 | $908 | $1,179 |
Source: Ownwell