Braymer, Missouri Property Taxes
The median property tax rate in Braymer, MO is 1.10%, 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 $50,930 in Braymer, the typical annual property tax bill comes to $559, well below the national median of $2,690. Property taxes in Braymer are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Braymer'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 Braymer or another part of Caldwell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Braymer, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$560
Ownwell’s Braymer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Braymer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Braymer 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 Braymer, Missouri
Property taxes in Braymer, Missouri, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Braymer is 1.10%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Braymer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Braymer 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 Braymer's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64624 has both the highest and lowest median property tax rate of 1.10%. Understanding how these cities compare with Braymer provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Braymer Tax Rate
1.10%
Average Caldwell County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Braymer, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64624 | 0.84% | 0.98% | 1.10% | 1.15% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Braymer, Missouri
In Braymer, 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 Caldwell 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 Braymer, 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 Braymer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Braymer are both $559, found in zip code 64624.
Average Braymer Assessed Value
$50,930
Average Caldwell County Assessed Value
$73,285
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Braymer, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64624 | $13,980 | $26,200 | $50,930 | $86,305 | $150,176 |
Source: Ownwell
Property Tax Bills Across Braymer, Missouri
In Braymer, located in Caldwell County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, the median home price in Braymer is $50,930. The tax rate in the area is applied to this assessed value to determine the final tax bill. Factors such as local tax rates, property assessments, and any applicable exemptions or deductions influence the amount homeowners owe. Property tax bills in Braymer can vary significantly. For example, the 25th percentile tax bill is around $300, while the 75th percentile reaches up to $866, and the 90th percentile can be as high as $1,372. These variations reflect differences in property values and the application of exemptions. Homeowners in Braymer can expect their property tax bills to be influenced by these factors, impacting their annual financial planning. Compared to the national median property tax rate of 0.99%, Braymer's tax bills provide a localized perspective on property tax obligations.
Average Braymer Tax Bill
$559
Average Caldwell County Tax Bill
$850
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Braymer, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64624 | $166 | $300 | $559 | $866 | $1,372 |
Source: Ownwell