Brandsville, Missouri Property Taxes
The median property tax rate in Brandsville, MO is 0.84%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Brandsville at $81,630, the typical annual property tax bill amounts to $664, significantly less than the national median of $2,690. Property taxes in Brandsville are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Brandsville'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 Brandsville 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
Brandsville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$686
Ownwell’s Brandsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brandsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brandsville 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 Brandsville, Missouri
Property taxes in Brandsville, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brandsville is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Brandsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brandsville 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 Brandsville's effective property tax rate to other areas in Howell County and the national median. For comparison, the zip code 65688 has both the highest and lowest median property tax rate of 0.84%. Understanding how these areas compare with Brandsville 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 Brandsville Tax Rate
0.84%
Average Howell County Tax Rate
0.75%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brandsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65688 | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Brandsville, Missouri
In Brandsville, 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 Brandsville, 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 Brandsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Brandsville are both $664, found in zip code 65688.
Average Brandsville Assessed Value
$81,630
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 Brandsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65688 | $79,246 | $80,140 | $81,630 | $83,120 | $84,014 |
Source: Ownwell
Property Tax Bills Across Brandsville, Missouri
Property tax bills in Brandsville, Howell County, MO, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Brandsville stands at $81,630. Property tax rates are applied to the assessed value to determine the tax bill. In Brandsville, the tax bill for the 25th, 75th, and 90th percentiles all average around $664, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the assessed value, including property size, location, and market conditions. Homeowners in Brandsville benefit from relatively low property tax bills, which can contribute to more affordable living costs compared to other regions. Understanding how these taxes are calculated helps homeowners better anticipate their annual expenses and manage their budgets effectively. Ultimately, the lower tax rates in Brandsville can make homeownership more accessible and financially manageable for its residents.
Average Brandsville Tax Bill
$664
Average Howell County Tax Bill
$607
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Brandsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65688 | $664 | $664 | $664 | $664 | $664 |
Source: Ownwell