Brunswick, Missouri Property Taxes
The median property tax rate in Brunswick, MO is 0.96%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Brunswick at $11,300, the typical annual property tax bill is $109, well under the national median of $2,690. Property taxes in Brunswick are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Brunswick'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 Brunswick 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
Brunswick, 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 Brunswick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brunswick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brunswick 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 Brunswick, Missouri
Property taxes in Brunswick, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brunswick is 0.96%, which is just below the U.S. national median of 0.99%. Local government entities within Brunswick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brunswick 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 Brunswick's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65236 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Brunswick provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brunswick Tax Rate
0.96%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brunswick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65236 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Brunswick, Missouri
In Brunswick, 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 local 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 Brunswick, 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 Brunswick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 65236 has both the highest and lowest median tax bills, each at $109.
Average Brunswick Assessed Value
$11,300
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brunswick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65236 | $11,300 | $11,300 | $11,300 | $11,300 | $11,300 |
Source: Ownwell
Property Tax Bills Across Brunswick, Missouri
In Brunswick, located in Morgan County, MO, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in Brunswick is $11,300. Property taxes are determined by multiplying the assessed value by the local tax rate. The local tax rate in Brunswick results in a median tax bill of $109, which is significantly lower than the national median property tax rate of 0.99%. Factors influencing your tax bill include the market value of your property and any applicable exemptions or deductions. The assessed value is typically a fraction of the market value, and this assessed value is then multiplied by the local tax rate to determine your annual tax bill. For homeowners, this means that even minor fluctuations in property values or tax rates can impact their annual expenses. Despite these potential fluctuations, Brunswick's property tax rates remain relatively low, providing some financial relief to homeowners in the area.
Average Brunswick Tax Bill
$109
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Brunswick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65236 | $109 | $109 | $109 | $109 | $109 |
Source: Ownwell