Birmingham, Missouri Property Taxes
The median property tax rate in Birmingham, MO is 1.34%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Birmingham at $96,764, the typical annual property tax bill reaches $1,279, which is below the national median of $2,690. Property taxes in Birmingham are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Birmingham'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 Birmingham 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
Birmingham, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$1,297
Ownwell’s Birmingham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Birmingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birmingham 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 Birmingham, Missouri
Property taxes in Birmingham, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birmingham is 1.34%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Birmingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birmingham 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 Birmingham's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64161 zip code has the highest median property tax rate of 1.34%, while the 64161 zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Birmingham provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birmingham Tax Rate
1.34%
Average Clay County Tax Rate
1.34%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birmingham, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64161 | 1.30% | 1.32% | 1.34% | 1.37% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Birmingham, Missouri
In Birmingham, 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 Clay 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 Birmingham, 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. In Birmingham, the highest median tax bill is found in zip code 64161, with a median tax bill of $1,279. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Birmingham Assessed Value
$96,764
Average Clay County Assessed Value
$203,105
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birmingham, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64161 | $35,621 | $61,684 | $96,764 | $126,368 | $174,042 |
Source: Ownwell
Property Tax Bills Across Birmingham, Missouri
Property tax bills in Birmingham, Clay County, MO, are calculated based on the assessed value of a property, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions. For instance, the median home price in Birmingham is $96,764, which provides a basis for the assessed value. Homeowners in Birmingham experience a range of tax bills. The 25th percentile tax bill is $807, while those in the 75th percentile pay around $1,763. The highest tax bills, at the 90th percentile, reach up to $2,283. These figures illustrate the variability in property tax burdens depending on a home's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Birmingham's tax rates can significantly impact homeowners' annual expenses, making it crucial for them to understand how their tax bills are determined and what factors are at play.
Average Birmingham Tax Bill
$1,279
Average Clay County Tax Bill
$2,651
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Birmingham, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64161 | $474 | $807 | $1,279 | $1,763 | $2,283 |
Source: Ownwell