Benton County, Missouri Property Taxes
The median property tax rate in Benton County is 0.98%, which is slightly lower than the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With the median home value in Benton County at $50,947, the typical annual property tax bill amounts to $492, well below the national median of $2,690. Property taxes in Benton County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions, including primary residence and agricultural exemptions. Understanding Benton County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Warsaw or another part of Benton County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Benton County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$499
$463
Ownwell’s Benton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Benton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Benton County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Benton County, Missouri
Property taxes in Benton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Benton County is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Benton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Benton County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Ionia has one of the higher property tax rates in Missouri at 1.13%, while the city of Edwards boasts one of the lowest at 0.94%. Analyzing how Benton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Benton County Tax Rate
0.98%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benton County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clinton | 0.76% | 0.95% | 0.98% | 0.98% | 0.98% |
| Cole Camp | 1.00% | 1.00% | 1.02% | 1.06% | 1.09% |
| Edwards | 0.73% | 0.88% | 0.94% | 0.97% | 0.98% |
| Ionia | 1.01% | 1.06% | 1.13% | 1.15% | 1.15% |
| Lincoln | 0.88% | 0.98% | 1.05% | 1.19% | 1.23% |
| Mora | 0.98% | 1.00% | 1.00% | 1.00% | 1.00% |
| Stover | N/A | N/A | N/A | N/A | N/A |
| Warsaw | 0.84% | 0.93% | 0.98% | 1.00% | 1.05% |
| Windsor | 0.93% | 0.93% | 0.95% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Benton County, Missouri
In Benton County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Benton County Appraisal District. The assessed value, however, 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. Assessment notices in Benton County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, Windsor has the highest median tax bill at $847, while Edwards has the lowest at $286. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Benton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Benton County Assessed Value
$50,947
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benton County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clinton | $10,211 | $21,158 | $44,895 | $87,895 | $136,526 |
| Cole Camp | $16,232 | $35,026 | $62,316 | $101,895 | $157,652 |
| Edwards | $3,479 | $10,619 | $31,263 | $69,276 | $123,100 |
| Ionia | $2,431 | $9,158 | $27,737 | $55,789 | $123,927 |
| Lincoln | $6,895 | $21,842 | $52,000 | $89,895 | $135,200 |
| Mora | $21,800 | $43,592 | $70,710 | $130,619 | $166,179 |
| Stover | N/A | N/A | N/A | N/A | N/A |
| Warsaw | $10,084 | $24,474 | $52,789 | $96,053 | $146,590 |
| Windsor | $13,169 | $40,421 | $85,526 | $132,158 | $158,800 |
Source: Ownwell
Property Tax Bills Across Benton County, Missouri
In Benton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Homeowners in Benton County see a range of tax bills, with the 25th percentile paying around $215 and the 75th percentile paying approximately $911. At the higher end, the 90th percentile reaches about $1,424. Factors influencing these amounts include the market value of the property, local tax rates, and any applicable exemptions. For instance, the city of Windsor has the highest median tax bill in the county at $847, while Edwards has the lowest at $286. Compared to the national median property tax rate of 0.99%, Benton County offers a varied landscape for property taxes, significantly affecting homeowners' financial planning and budgeting. Understanding these factors can help homeowners anticipate and manage their annual property tax obligations more effectively.
Average Benton County Tax Bill
$492
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Benton County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clinton | $75 | $195 | $408 | $858 | $1,290 |
| Cole Camp | $167 | $359 | $642 | $1,032 | $1,601 |
| Edwards | $31 | $90 | $286 | $618 | $1,086 |
| Ionia | $32 | $102 | $317 | $640 | $1,239 |
| Lincoln | $65 | $214 | $557 | $985 | $1,496 |
| Mora | $212 | $433 | $707 | $1,306 | $1,661 |
| Stover | N/A | N/A | N/A | N/A | N/A |
| Warsaw | $89 | $225 | $493 | $925 | $1,425 |
| Windsor | $115 | $404 | $847 | $1,237 | $1,641 |
Source: Ownwell