Buckner, Missouri Property Taxes
The median property tax rate in Buckner, MO is 1.44%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Buckner being $22,900, the typical annual property tax bill reaches $232, falling below the national median of $2,690. Property taxes in Buckner 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 Buckner'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 Buckner 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
Buckner, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$330
Ownwell’s Buckner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buckner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buckner 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 Buckner, Missouri
Property taxes in Buckner, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buckner is 1.44%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Buckner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buckner 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 Buckner's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64016 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these areas compare with Buckner 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 Buckner Tax Rate
1.44%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buckner, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64016 | 0.88% | 0.93% | 1.44% | 2.20% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Buckner, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Buckner, Missouri. 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 Buckner, 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 Buckner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Buckner is $22,900, with the highest and lowest median tax bills recorded at $232.00 in the 64016 zip code.
Average Buckner Assessed Value
$22,900
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 Buckner, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64016 | $1,560 | $2,100 | $22,900 | $59,250 | $87,780 |
Source: Ownwell
Property Tax Bills Across Buckner, Missouri
In Buckner, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, the median home price in Buckner is $22,900. The local tax rates are applied to this assessed value to determine the annual tax bill. These rates can vary, but the median tax bill in Buckner is $232.00, aligning with the national median property tax rate of 0.99%. Several factors influence a homeowner's tax bill, including the property's location within Morgan County, any applicable exemptions, and the specific tax rates set by local authorities. Homeowners in the 25th percentile can expect a tax bill around $44, while those in the 75th percentile might pay approximately $540. At the higher end, the 90th percentile tax bill reaches about $762. Understanding these factors helps homeowners anticipate their property tax obligations and budget accordingly, ensuring they are prepared for their annual tax responsibilities.
Average Buckner Tax Bill
$232
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Buckner, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64016 | $39 | $44 | $232 | $540 | $762 |
Source: Ownwell