Amsterdam, Bates County, Missouri Property Taxes
The median property tax rate in Amsterdam, MO is 0.96%, slightly lower than the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $52,900 in Amsterdam, the typical annual property tax bill is $521, which is well below the national median of $2,690. Property taxes in Amsterdam are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Amsterdam'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 Amsterdam or another part of Bates County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amsterdam, Bates County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$508
$471
Ownwell’s Amsterdam Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amsterdam with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amsterdam 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 Amsterdam, Bates County, Missouri
Property taxes in Amsterdam, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amsterdam is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Amsterdam set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amsterdam 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. For comparison, the zip code 64723 within Bates County has the same median property tax rate of 0.96%. Understanding how these areas compare with Amsterdam provides valuable insights into the varying tax landscape across Bates County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amsterdam Tax Rate
0.96%
Average Bates County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amsterdam, Bates County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64723 | 0.82% | 0.89% | 0.96% | 1.10% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Amsterdam, Bates County, Missouri
In Amsterdam, 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 Bates 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 Amsterdam, 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 Amsterdam helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $521 in the 64723 zip code, while the lowest median tax bill is also $521 in the same zip code.
Property Tax Assessment Values Across Amsterdam, Bates County, Missouri
Source: Ownwell
$24,550
$69,900
$115,250
Average Amsterdam Assessed Value
$52,900
Average Bates County Assessed Value
$68,300
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amsterdam, Bates County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64723 | $14,960 | $27,050 | $52,900 | $103,050 | $162,860 |
Source: Ownwell
Property Tax Bills Across Amsterdam, Bates County, Missouri
In Amsterdam, Bates County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. For homeowners, this means that if the median home price is $52,900, the assessed value will be a fraction of this amount, depending on local assessment rates. Several factors influence the final tax bill, including the property's assessed value, the tax rate set by local taxing authorities, and any applicable exemptions. In Amsterdam, the 25th percentile tax bill is $289, while the 75th percentile tax bill is $971, and the 90th percentile reaches $1,437. These figures provide a range of what homeowners might expect to pay annually, depending on the value of their property and applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Amsterdam may find their tax bills relatively manageable, although individual circumstances can vary widely. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Amsterdam Tax Bill
$521
Average Bates County Tax Bill
$704
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Amsterdam, Bates County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64723 | $156 | $289 | $521 | $971 | $1,437 |
Source: Ownwell