Bates City, Missouri Property Taxes
The median property tax rate in Bates City, MO is 1.16%, slightly above the national median of 0.99% but below Missouri's state median of 1.20%. With a median home value of $47,099 in Bates City, the typical annual property tax bill amounts to $535, which is considerably lower than the national median of $2,690. Property taxes in Bates City are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Bates City'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 Bates City 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
Bates City, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$546
Ownwell’s Bates City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bates City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bates City 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 Bates City, Missouri
Property taxes in Bates City, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bates City is 1.16%, which is higher than the U.S. national median of 0.99%. Local government entities within Bates City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bates City 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 Bates City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64011 zip code has the highest median property tax rate of 1.16%, while the same 64011 zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Bates City provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bates City Tax Rate
1.16%
Average Johnson County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bates City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64011 | 0.99% | 1.14% | 1.16% | 1.20% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Bates City, Missouri
In Bates City, 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 Johnson 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 Bates City, 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 Bates City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bates City are both $535.00, found in the 64011 zip code.
Average Bates City Assessed Value
$47,099
Average Johnson County Assessed Value
$74,883
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bates City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64011 | $12,968 | $24,074 | $47,099 | $99,744 | $138,866 |
Source: Ownwell
Property Tax Bills Across Bates City, Missouri
In Bates City, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Bates City is $47,099. Property taxes are then determined by applying the local tax rate to this assessed value. The tax rate in Bates City is influenced by various factors, including funding requirements for public services such as schools, infrastructure, and emergency services. Homeowners in Bates City can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $284, while the 75th percentile tax bill is $1,135, and the 90th percentile tax bill reaches up to $1,576. This range demonstrates how property taxes can affect homeowners differently based on the assessed value of their properties. Compared to the national median property tax rate of 0.99%, Bates City's property tax rate can be seen as relatively moderate, though individual tax bills may vary widely.
Average Bates City Tax Bill
$535
Average Johnson County Tax Bill
$947
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bates City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64011 | $162 | $284 | $535 | $1,135 | $1,576 |
Source: Ownwell