Bakersfield, Howell County, Missouri Property Taxes
The median property tax rate in Bakersfield, MO is 0.91%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $80,570 in Bakersfield, the typical annual property tax bill amounts to $692, significantly less than the national median of $2,690. Property taxes in Bakersfield are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bakersfield'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 Bakersfield 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
Bakersfield, Howell County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$733
$680
Ownwell’s Bakersfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bakersfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bakersfield 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 Bakersfield, Howell County, Missouri
Property taxes in Bakersfield, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bakersfield is 0.91%, which is below the U.S. national median of 0.99%. Local government entities within Bakersfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bakersfield 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 Bakersfield's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65609 has both the highest and lowest median property tax rate of 0.91%. Understanding how these areas compare with Bakersfield provides valuable insights into the varying tax landscape across Howell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bakersfield Tax Rate
0.91%
Average Howell County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bakersfield, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65609 | 0.70% | 0.74% | 0.91% | 0.92% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Bakersfield, Howell County, Missouri
In Bakersfield, 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 Howell 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 Bakersfield, 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 Bakersfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest and lowest median tax bill is 65609, with a median tax bill of $692.
Property Tax Assessment Values Across Bakersfield, Howell County, Missouri
Source: Ownwell
$58,260
$73,590
$88,920
Average Bakersfield Assessed Value
$80,570
Average Howell County Assessed Value
$81,680
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bakersfield, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65609 | $27,216 | $53,330 | $80,570 | $119,110 | $154,348 |
Source: Ownwell
Property Tax Bills Across Bakersfield, Howell County, Missouri
In Bakersfield, Howell 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 Bakersfield is $80,570. The tax rate is applied to this assessed value to determine the tax bill. Factors such as property location, improvements, and local tax rates influence this calculation. Homeowners in Bakersfield experience varying tax bills due to these factors. The tax bill at the 25th percentile is $452, while at the 75th percentile, it rises to $1,041, and at the 90th percentile, it reaches $1,249. These figures highlight the range of tax liabilities homeowners might encounter. Comparatively, the national median property tax rate stands at 0.99%, illustrating how local rates and property values can significantly impact the overall tax burden. Understanding these elements helps homeowners anticipate and manage their property tax responsibilities effectively.
Average Bakersfield Tax Bill
$692
Average Howell County Tax Bill
$607
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bakersfield, Howell County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65609 | $257 | $452 | $692 | $1,041 | $1,249 |
Source: Ownwell