Brighton, Missouri Property Taxes
The median property tax rate in Brighton, MO is 1.01%, slightly higher than the national median of 0.99% but below the Missouri state median of 1.20%. With the median home value in Brighton at $149,600, the typical annual property tax bill reaches $1,546, which is below the national median of $2,690. Property taxes in Brighton 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 Brighton'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 Brighton 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
Brighton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,511
Ownwell’s Brighton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brighton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brighton 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 Brighton, Missouri
Property taxes in Brighton, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Brighton is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Brighton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brighton 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 Brighton's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65617 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these rates compare with Brighton provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brighton Tax Rate
1.01%
Average Greene County Tax Rate
1.01%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brighton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65617 | 0.97% | 0.99% | 1.01% | 1.05% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Brighton, Missouri
In Brighton, 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 Greene County Assessor's Office 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 Brighton, 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 Brighton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,546 in the 65617 zip code, while the lowest median tax bill is also $1,546 in the same zip code, reflecting a consistent tax burden across the region.
Average Brighton Assessed Value
$149,600
Average Greene County Assessed Value
$140,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brighton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65617 | $44,260 | $76,100 | $149,600 | $227,900 | $312,820 |
Source: Ownwell
Property Tax Bills Across Brighton, Missouri
In Brighton, Greene County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $149,600, homeowners can expect varying tax bills depending on specific factors such as property location and applicable exemptions. The 25th percentile tax bill in Brighton is $754, while the 75th percentile tax bill is $2346, and the 90th percentile tax bill reaches $3243. These figures illustrate the range of property tax burdens homeowners may face. The highest median tax bill in the area is $1546, which is significantly higher than the national median property tax rate of 0.99%. Understanding these calculations helps homeowners anticipate their financial responsibilities. Property tax bills directly impact household budgets, making it crucial for homeowners to stay informed about how their taxes are determined and what factors might influence their annual payments.
Average Brighton Tax Bill
$1,546
Average Greene County Tax Bill
$1,465
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Brighton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65617 | $439 | $754 | $1,546 | $2,346 | $3,243 |
Source: Ownwell