Mindenmines, Barton County, Missouri Property Taxes
The median property tax rate in Mindenmines, MO is 1.17%, slightly higher than the national median of 0.99% but just below the Missouri state median of 1.20%. With a median home value of $26,868 in Mindenmines, the typical annual property tax bill amounts to $291, which is significantly lower than the national median of $2,690. Property taxes in Mindenmines are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Mindenmines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mindenmines or another part of Barton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mindenmines, Barton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$314
$292
Ownwell’s Mindenmines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mindenmines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mindenmines 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 Mindenmines, Barton County, Missouri
Property taxes in Mindenmines, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mindenmines is 0.87%, which is lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Mindenmines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mindenmines 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 Mindenmines' effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64769 has both the highest and lowest median property tax rate of 0.87%. Understanding how these cities compare with Mindenmines provides valuable insights into the varying tax landscape across Barton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mindenmines Tax Rate
1.17%
Average Barton County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mindenmines, Barton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64769 | 0.90% | 1.04% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Mindenmines, Barton County, Missouri
In Mindenmines, 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 Barton 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 Mindenmines, 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 Mindenmines helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $291, found in the 64769 zip code.
Property Tax Assessment Values Across Mindenmines, Barton County, Missouri
Source: Ownwell
$26,868
$67,976
$109,083
Average Mindenmines Assessed Value
$26,868
Average Barton County Assessed Value
$57,829
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mindenmines, Barton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64769 | $5,026 | $10,526 | $26,868 | $70,237 | $150,375 |
Source: Ownwell
Property Tax Bills Across Mindenmines, Barton County, Missouri
In Mindenmines, Barton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Mindenmines is $26,868. Local tax authorities determine the assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. The national median property tax rate is 0.99%, but local rates can vary. Homeowners in Mindenmines can expect their tax bills to range significantly. For instance, the tax bill at the 25th percentile is $119, while at the 75th percentile, it rises to $759. At the 90th percentile, it can reach as high as $1,399. The highest and lowest median tax bills in the area are both $291, indicating some consistency in tax assessments within the same zip code. These property taxes fund essential local services, including schools and public safety, thereby impacting the quality of life for homeowners. Understanding how these taxes are calculated can help homeowners better manage their financial planning and anticipate annual expenses.
Average Mindenmines Tax Bill
$291
Average Barton County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Mindenmines, Barton County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64769 | $55 | $119 | $291 | $759 | $1,399 |
Source: Ownwell