Barnhart, Missouri Property Taxes
The median property tax rate in Barnhart, MO is 1.28%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Barnhart, the typical annual property tax bill reaches $1,797, which is below the national median of $2,690. Property taxes in Barnhart 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 Barnhart'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 Barnhart 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
Barnhart, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,784
Ownwell’s Barnhart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barnhart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barnhart 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 Barnhart, Missouri
Property taxes in Barnhart, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barnhart is 1.28%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Barnhart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barnhart 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 Barnhart's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63012 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Barnhart provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barnhart Tax Rate
1.28%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barnhart, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63012 | 1.23% | 1.25% | 1.28% | 1.29% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Barnhart, Missouri
In Barnhart, 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 Jefferson 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 Barnhart, 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. For example, the median home price in Barnhart is $139,350. Tax bills can vary significantly, with the 25th percentile at $1,354 and the 75th percentile at $2,674. The 90th percentile tax bill can reach up to $3,639. 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 Barnhart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barnhart Assessed Value
$139,350
Average Jefferson County Assessed Value
$133,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barnhart, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63012 | $83,500 | $107,200 | $139,350 | $208,275 | $289,200 |
Source: Ownwell
Property Tax Bills Across Barnhart, Missouri
In Barnhart, located in Jefferson County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region typically see a median home price of $139,350. The local tax rate is applied to the assessed value to determine the annual tax bill. For example, the 25th percentile tax bill is $1,354, while the 75th percentile reaches $2,674, and the 90th percentile climbs to $3,639. Several factors influence the tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, Barnhart's figures reflect its specific local rates and economic conditions. These property taxes fund essential community services such as schools, infrastructure, and public safety. For homeowners, understanding these calculations is crucial, as property taxes represent a significant annual expense that can impact overall financial planning and home affordability.
Average Barnhart Tax Bill
$1,797
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Barnhart, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63012 | $1,076 | $1,354 | $1,797 | $2,674 | $3,639 |
Source: Ownwell