Belle, Missouri Property Taxes
The median property tax rate in Belle, MO is 0.87%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Belle at $33,178, the typical annual property tax bill amounts to $283, significantly below the national median of $2,690. Property taxes in Belle are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Belle'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 Belle 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
Belle, 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 Belle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belle 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 Belle, Missouri
Property taxes in Belle, Missouri, play a crucial role in funding essential local services including public schools, road maintenance, and emergency services. The median tax rate in Belle is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Belle set these rates annually, and they can vary across different neighborhoods. Each year, Belle 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 Belle's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65013 zip code has the same median property tax rate of 0.87%, providing valuable insights into the consistent tax landscape across Osage County. This helps homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Tax Rate
0.87%
Average Osage County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65013 | 0.65% | 0.80% | 0.87% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Belle, Missouri
In Belle, 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 Osage 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 Belle, 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. The median home price in Belle is $33,178, with tax bills ranging from $163 at the 25th percentile to $819 at the 90th percentile. The zip code 65013 has both the highest and lowest median tax bill at $283. Being aware of these valuation processes in Belle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belle Assessed Value
$33,178
Average Osage County Assessed Value
$30,816
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65013 | $13,612 | $18,796 | $33,178 | $58,645 | $133,405 |
Source: Ownwell
Property Tax Bills Across Belle, Missouri
In Belle, located in Osage County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in Belle is $33,178. Property tax rates in Belle are relatively low compared to the national median property tax rate of 0.99%. Homeowners in the 25th percentile of tax bills pay around $163 annually, while those in the 75th percentile pay approximately $467. The 90th percentile tax bill can go up to $819. Factors considered in determining the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding how property taxes are calculated can help in budgeting and financial planning, ensuring they are prepared for their annual tax obligations. The consistency in median tax bills across the zip code 65013, where the highest and lowest median tax bills are both $283, reflects a stable tax environment.
Average Belle Tax Bill
$283
Average Osage County Tax Bill
$261
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65013 | $111 | $163 | $283 | $467 | $819 |
Source: Ownwell