Bogard, Carroll County, Missouri Property Taxes
The median property tax rate in Bogard, MO is 1.22%, slightly higher than the state median of 1.20% and above the national median of 0.99%. With a median home value in Bogard of $41,350, the typical annual property tax bill amounts to $487, which is significantly below the national median of $2,690. Property taxes in Bogard are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bogard'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 Bogard or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bogard, Carroll County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$504
$468
Ownwell’s Bogard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bogard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bogard 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 Bogard, Carroll County, Missouri
Property taxes in Bogard, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bogard is 1.22%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Bogard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bogard 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. Understanding how Bogard's effective property tax rate compares to other areas in Carroll County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Bogard Tax Rate
1.22%
Average Carroll County Tax Rate
1.19%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bogard, Carroll County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64622 | 0.90% | 1.03% | 1.22% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Bogard, Carroll County, Missouri
In Bogard, 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 Carroll County Appraisal District 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 Bogard, 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 Bogard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 64622, with a median tax bill of $487.
Property Tax Assessment Values Across Bogard, Carroll County, Missouri
Source: Ownwell
$41,350
$60,353
$79,355
Average Bogard Assessed Value
$41,350
Average Carroll County Assessed Value
$54,921
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bogard, Carroll County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64622 | $6,319 | $20,605 | $41,350 | $79,564 | $124,825 |
Source: Ownwell
Property Tax Bills Across Bogard, Carroll County, Missouri
In Bogard, located in Carroll County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by local assessors. For instance, with a median home price of $41,350, the tax bill can range significantly. Homeowners at the 25th percentile can expect a tax bill around $276, while those at the 75th percentile might see a bill closer to $910. At the 90th percentile, the tax bill can reach up to $1,299. Several factors influence the final tax bill, including the property's location, the local tax rate, and any applicable exemptions. The median property tax rate in Bogard is notably lower than the national median of 0.99%, making it relatively affordable for homeowners. However, even within the same zip code, tax bills can vary based on specific property assessments. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Bogard Tax Bill
$487
Average Carroll County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bogard, Carroll County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64622 | $94 | $276 | $487 | $910 | $1,299 |
Source: Ownwell