Bloomsdale, Missouri Property Taxes
The median property tax rate in Bloomsdale, MO is 1.21%, slightly higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Bloomsdale at $140,100, the typical annual property tax bill reaches $1,649, which is lower than the national median of $2,690. Property taxes in Bloomsdale 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 Bloomsdale'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 Bloomsdale or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bloomsdale, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Bloomsdale Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bloomsdale with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bloomsdale to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at a neighborhood level, you can scroll down to access localized information. Your property’s assessed value is determined by Jefferson County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bloomsdale, Missouri
Property taxes in Bloomsdale, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomsdale is 1.21%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Bloomsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bloomsdale 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 Bloomsdale's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63627 in Bloomsdale has the highest median property tax rate of 1.21%, while the lowest median tax rate is also 1.21% in the same zip code. Understanding how these figures compare with Bloomsdale 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 Bloomsdale Tax Rate
1.21%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloomsdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63627 | 1.17% | 1.21% | 1.21% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Bloomsdale, Missouri
In Bloomsdale, 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 Assessor 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 Bloomsdale, 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 Bloomsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Bloomsdale, the zip code with the highest median tax bill is 63627, with a median tax bill of $1,649. This same zip code also has the lowest median tax bill, illustrating a uniform tax burden across the area.
Average Bloomsdale Assessed Value
$140,100
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 Bloomsdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63627 | $79,200 | $101,150 | $140,100 | $184,650 | $227,480 |
Source: Ownwell
Property Tax Bills Across Bloomsdale, Missouri
In Bloomsdale, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local assessment rate is applied to determine this value. For instance, with a median home price of $140,100, the assessed value forms the basis for the tax calculation. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property location, local government budgets, and specific levies for schools, infrastructure, and public services. Homeowners in Bloomsdale experience variability in their tax bills, with the 25th percentile paying around $1,176 and the 75th percentile paying up to $2,233. At the higher end, the 90th percentile reaches $2,743. These figures reflect the range of property tax burdens within the area. Compared to the national median property tax rate of 0.99%, Bloomsdale's tax rates can significantly impact homeowners' finances, highlighting the importance of understanding and managing property tax liabilities effectively.
Average Bloomsdale Tax Bill
$1,649
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloomsdale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63627 | $935 | $1,176 | $1,649 | $2,233 | $2,743 |
Source: Ownwell