Butler, Missouri Property Taxes
The median property tax rate in Butler, MO is 1.11%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Butler at $70,800, the typical annual property tax bill is $742, which is significantly less than the national median of $2,690. Property taxes in Butler are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Butler'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 Butler 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
Butler, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$786
Ownwell’s Butler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Butler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butler 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 Butler, Missouri
Property taxes in Butler, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Butler stands at 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Butler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butler 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 Butler's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64730 has the highest median property tax rate of 1.11%, while it also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Butler 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 Butler Tax Rate
1.11%
Average Bates County Tax Rate
1.06%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butler, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64730 | 0.87% | 0.99% | 1.11% | 1.12% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Butler, Missouri
In Butler, 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 Assessor's Office 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 Butler, 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. The median home price in Butler is $70,800, with tax bills ranging from $463 at the 25th percentile to $1,801 at the 90th percentile. The highest and lowest median tax bills are both $742, found in the 64730 zip code. 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 Butler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Butler Assessed Value
$70,800
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 Butler, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64730 | $25,100 | $42,250 | $70,800 | $113,700 | $182,900 |
Source: Ownwell
Property Tax Bills Across Butler, Missouri
In Butler, located in Bates County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Homeowners in Butler see a range of property tax bills, with the 25th percentile at $463 and the 75th percentile at $1,180, reflecting the variance in property values and tax rates within the area. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any exemptions or deductions the homeowner may qualify for. For example, the highest median tax bill in the region is $742.00, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life in Butler. Homeowners must stay informed about their property's assessed value and any potential changes in local tax rates to manage their financial planning effectively.
Average Butler Tax Bill
$742
Average Bates County Tax Bill
$704
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Butler, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64730 | $279 | $463 | $742 | $1,180 | $1,801 |
Source: Ownwell