Blue Springs, Missouri Property Taxes
The median property tax rate in Blue Springs, MO is 1.72%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Blue Springs at $180,000, the typical annual property tax bill reaches $3,096, exceeding the national median of $2,690. Property taxes in Blue Springs are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blue Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Blue Springs 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
Blue Springs, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$3,096
Ownwell’s Blue Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blue Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blue Springs 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 Blue Springs, Missouri
Property taxes in Blue Springs, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blue Springs is 1.72%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Blue Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blue Springs 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 Blue Springs' effective property tax rate to other areas in Missouri and the national median. For comparison, the 64064 zip code has the highest median property tax rate of 1.73%, while the 64029 zip code has the lowest median tax rate of 1.57%. Understanding how these areas compare with Blue Springs provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blue Springs Tax Rate
1.72%
Average Jackson County Tax Rate
1.56%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64014 | 1.72% | 1.72% | 1.72% | 1.72% | 1.73% |
| 64015 | 1.46% | 1.72% | 1.72% | 1.72% | 1.72% |
| 64029 | 1.57% | 1.57% | 1.57% | 1.57% | 1.58% |
| 64064 | 1.69% | 1.71% | 1.73% | 1.76% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Blue Springs, Missouri
In Blue Springs, 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 Jackson County Assessment Department 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 Blue Springs, 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. The zip code 64064 has the highest median tax bill at $6,577, while zip code 64014 has the lowest at $2,942. Being aware of these valuation processes in Blue Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Blue Springs Assessed Value
$180,000
Average Jackson County Assessed Value
$127,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64014 | $116,000 | $135,000 | $170,000 | $234,000 | $335,000 |
| 64015 | $123,000 | $143,000 | $185,000 | $247,000 | $333,000 |
| 64029 | $149,000 | $165,000 | $222,000 | $297,000 | $374,800 |
| 64064 | $310,200 | $337,000 | $374,500 | $408,500 | $441,400 |
Source: Ownwell
Property Tax Bills Across Blue Springs, Missouri
In Blue Springs, located in Jackson County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the home's market value, which in this region often aligns closely with the median home price of $180,000. Several factors influence the tax bill, including the property's location, improvements, and any applicable exemptions. Homeowners in Blue Springs can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is around $2,403, while the 75th percentile reaches $4,232, and the 90th percentile can be as high as $5,734. This variation highlights the impact of property value and local tax rates on the final tax bill. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how local rates and assessed values can influence their financial obligations. The highest median tax bill in the area is $6,577, found in the 64064 zip code, while the lowest median tax bill is $2,942 in the 64014 zip code, emphasizing the range within the county.
Average Blue Springs Tax Bill
$3,096
Average Jackson County Tax Bill
$2,070
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64014 | $1,995 | $2,322 | $2,942 | $4,043 | $5,849 |
| 64015 | $2,106 | $2,460 | $3,165 | $4,232 | $5,574 |
| 64029 | $2,338 | $2,599 | $3,504 | $4,661 | $5,988 |
| 64064 | $5,623 | $6,059 | $6,577 | $7,143 | $7,635 |
Source: Ownwell