Dearborn, Buchanan County, Missouri Property Taxes
The median property tax rate in Dearborn, Missouri is 1.15%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $121,450 in Dearborn, the typical annual property tax bill amounts to $1,387, which is below the national median of $2,690. Property taxes in Dearborn are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Dearborn'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 Dearborn or another part of Buchanan County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dearborn, Buchanan County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,397
$1,296
Ownwell’s Dearborn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dearborn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dearborn 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 Dearborn, Buchanan County, Missouri
Property taxes in Dearborn, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dearborn is 1.15%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Dearborn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dearborn 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 Dearborn's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64439 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Dearborn provides valuable insights into the varying tax landscape across Buchanan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dearborn Tax Rate
1.15%
Average Buchanan County Tax Rate
1.25%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dearborn, Buchanan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64439 | 1.03% | 1.11% | 1.15% | 1.24% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Dearborn, Buchanan County, Missouri
In Dearborn, 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 Buchanan 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 Dearborn, 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 Dearborn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Buchanan County, the zip code with the highest median tax bill is 64439, with a median tax bill of $1,387.
Property Tax Assessment Values Across Dearborn, Buchanan County, Missouri
Source: Ownwell
$46,650
$106,675
$166,700
Average Dearborn Assessed Value
$121,450
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 Dearborn, Buchanan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64439 | $57,120 | $83,485 | $121,450 | $158,635 | $236,280 |
Source: Ownwell
Property Tax Bills Across Dearborn, Buchanan County, Missouri
In Dearborn, Buchanan County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate. For Dearborn, the median home price stands at $121,450. Homeowners in Dearborn can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $975, while the 75th percentile reaches $1,801, and the 90th percentile can be as high as $2,698. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Dearborn's tax bills reflect a range that can either be more affordable or more costly, depending on individual circumstances. For homeowners, understanding these factors and how they impact their tax bills is crucial for financial planning and managing homeownership costs effectively.
Average Dearborn Tax Bill
$1,387
Average Buchanan County Tax Bill
$904
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Dearborn, Buchanan County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64439 | $656 | $975 | $1,387 | $1,801 | $2,698 |
Source: Ownwell