Buchanan County, Missouri Property Taxes
The median property tax rate in Buchanan County is 1.25%, which is significantly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Buchanan County at $72,855, the typical annual property tax bill is around $904, notably lower than the national median of $2,690. Property taxes in Buchanan County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Buchanan 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 St. Joseph or another part of Buchanan County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Buchanan County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$911
$845
Ownwell’s Buchanan County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Buchanan County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Buchanan 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's 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 Buchanan County, Missouri
Property taxes in Buchanan County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Buchanan County is 1.25%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Buchanan County set these rates annually, and they can vary significantly between different areas within the county. Each year, Buchanan 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. The following data compares Buchanan County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Edgerton has one of the higher property tax rates in Missouri at 1.38%, while the city of Clarksdale boasts one of the lowest at 0.88%. Analyzing how Buchanan County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Buchanan County Tax Rate
1.25%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buchanan County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Agency | 1.21% | 1.30% | 1.34% | 1.41% | 1.41% |
| Clarksdale | N/A | N/A | N/A | N/A | N/A |
| Cosby | N/A | N/A | N/A | N/A | N/A |
| Dearborn | 1.03% | 1.11% | 1.15% | 1.24% | 1.29% |
| De Kalb | 1.07% | 1.16% | 1.22% | 1.40% | 1.40% |
| Easton | 0.89% | 1.02% | 1.24% | 1.36% | 1.47% |
| Edgerton | 1.17% | 1.30% | 1.38% | 1.41% | 1.41% |
| Faucett | 1.11% | 1.21% | 1.29% | 1.31% | 1.31% |
| Gower | 1.17% | 1.26% | 1.35% | 1.37% | 1.41% |
| Rushville | 1.12% | 1.22% | 1.24% | 1.34% | 1.38% |
| Saint Joseph | 1.23% | 1.24% | 1.25% | 1.26% | 1.26% |
| Stewartsville | 1.24% | 1.31% | 1.33% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Buchanan County, Missouri
In Buchanan 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 Buchanan 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 Buchanan 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. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Edgerton has the highest median tax bill at $2,094, while Rushville has the lowest at $777. Being aware of these valuation processes in Buchanan County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Buchanan County, Missouri
Source: Ownwell
$46,650
$106,675
$166,700
Average Buchanan County Assessed Value
$72,855
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buchanan County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Agency | $49,670 | $82,865 | $121,095 | $162,010 | $234,323 |
| Clarksdale | N/A | N/A | N/A | N/A | N/A |
| Cosby | N/A | N/A | N/A | N/A | N/A |
| Dearborn | $57,120 | $83,485 | $121,450 | $158,635 | $236,280 |
| De Kalb | $38,684 | $59,978 | $99,010 | $153,140 | $221,119 |
| Easton | $41,684 | $66,870 | $121,190 | $175,990 | $249,282 |
| Edgerton | $62,640 | $99,640 | $166,700 | $203,770 | $302,800 |
| Faucett | $41,968 | $71,505 | $122,420 | $175,980 | $242,576 |
| Gower | $51,221 | $97,740 | $139,850 | $187,530 | $247,988 |
| Rushville | $20,650 | $34,240 | $62,620 | $98,895 | $159,080 |
| Saint Joseph | $26,300 | $41,350 | $70,115 | $116,398 | $180,137 |
| Stewartsville | $55,578 | $72,860 | $134,300 | $219,180 | $269,548 |
Source: Ownwell
Property Tax Bills Across Buchanan County, Missouri
In Buchanan County, MO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Various factors, including property size, location, and improvements, influence the assessed value. For homeowners in Buchanan County, the median home price is $72,855. Property tax bills can vary significantly, ranging from the 25th percentile at $531 to the 75th percentile at $1,510. The 90th percentile tax bill can go up to $2,294. Cities within the county also show a range in tax bills, with Edgerton having the highest median tax bill at $2,094, while Rushville has the lowest at $777. Compared to the national median property tax rate of 0.99%, Buchanan County's property tax bills reflect the local economic factors and housing market. These taxes fund essential public services like schools, roads, and emergency services, directly impacting the quality of life for homeowners.
Average Buchanan County Tax Bill
$904
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Buchanan County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Agency | $633 | $1,080 | $1,598 | $2,164 | $3,077 |
| Clarksdale | N/A | N/A | N/A | N/A | N/A |
| Cosby | N/A | N/A | N/A | N/A | N/A |
| Dearborn | $656 | $975 | $1,387 | $1,801 | $2,698 |
| De Kalb | $535 | $773 | $1,200 | $1,812 | $2,562 |
| Easton | $482 | $812 | $1,317 | $1,896 | $3,019 |
| Edgerton | $875 | $1,144 | $2,094 | $2,865 | $4,266 |
| Faucett | $532 | $882 | $1,521 | $2,180 | $3,032 |
| Gower | $705 | $1,194 | $1,791 | $2,402 | $3,296 |
| Rushville | $259 | $443 | $777 | $1,286 | $1,886 |
| Saint Joseph | $329 | $517 | $871 | $1,440 | $2,222 |
| Stewartsville | $733 | $952 | $1,853 | $3,009 | $3,457 |
Source: Ownwell
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