Bunker, Missouri Property Taxes
The median property tax rate in Bunker, MO is 0.68%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $40,800 in Bunker, the typical annual property tax bill amounts to $279, far below the national median of $2,690. Property taxes in Bunker are determined based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Bunker'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 Bunker or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bunker, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$277
Ownwell’s Bunker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bunker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bunker 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 Bunker, Missouri
Property taxes in Bunker, Missouri, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Bunker is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Bunker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bunker 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 Bunker's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63629 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these regions compare with Bunker provides valuable insights into the varying tax landscape across Dent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bunker Tax Rate
0.68%
Average Dent County Tax Rate
0.76%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bunker, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63629 | 0.61% | 0.65% | 0.68% | 0.69% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Bunker, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bunker, MO. 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 local 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 Bunker, 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. The median home price here is $40,800, with tax bills ranging from $211 at the 25th percentile to $717 at the 90th percentile. Notably, the zip code 63629 has both the highest and lowest median tax bill at $279. 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 Bunker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bunker Assessed Value
$40,800
Average Dent County Assessed Value
$43,260
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bunker, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63629 | $17,257 | $28,215 | $40,800 | $86,745 | $101,252 |
Source: Ownwell
Property Tax Bills Across Bunker, Missouri
In Bunker, located in Dent County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the tax bill, including the property's market value, any applicable exemptions, and the local tax rate. For instance, the median home price in Bunker is $40,800. Homeowners in the 25th percentile can expect a tax bill around $211, while those in the 75th percentile might see a bill of $564. The 90th percentile tax bill can go up to $717. These property taxes contribute to funding essential community services such as schools, infrastructure, and public safety. While the national median property tax rate is 0.99%, the specific rates in Bunker can vary, impacting homeowners differently based on their property's assessed value and applicable exemptions.
Average Bunker Tax Bill
$279
Average Dent County Tax Bill
$374
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bunker, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63629 | $138 | $211 | $279 | $564 | $717 |
Source: Ownwell