Bland, Missouri Property Taxes
The median property tax rate in Bland, MO is 0.81%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Bland, the typical annual property tax bill is $310, significantly below the national median of $2,690. Property taxes in Bland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bland 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
Bland, 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 Bland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bland 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 Bland, Missouri
Property taxes in Bland, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bland is 0.81%, which is below the U.S. national median of 0.99%. Local government entities within Bland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bland 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 Bland's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65014 has both the highest and lowest median property tax rate of 0.81%. Understanding how these areas compare with Bland provides valuable insights into the varying tax landscape across Osage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bland Tax Rate
0.81%
Average Osage County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65014 | 0.55% | 0.67% | 0.81% | 0.84% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Bland, Missouri
In Bland, 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 Assessment Office 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. 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 Bland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Osage County, the highest median tax bill is $310 in the 65014 zip code, while the lowest median tax bill is also $310 in the same zip code.
Average Bland Assessed Value
$40,963
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 Bland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65014 | $7,713 | $18,012 | $40,963 | $64,294 | $160,562 |
Source: Ownwell
Property Tax Bills Across Bland, Missouri
In Bland, located in Osage County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. Bland's property tax rate is compared to the national median property tax rate of 0.99%. For instance, with a median home price of $40,963, homeowners in Bland can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $134, while the 75th percentile reaches $499, and the 90th percentile can be as high as $1,327. These figures illustrate the range of tax burdens homeowners might experience. Factors such as property improvements, location, and local tax levies influence the final tax bill. Understanding these elements helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Bland Tax Bill
$310
Average Osage County Tax Bill
$261
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65014 | $34 | $134 | $310 | $499 | $1,327 |
Source: Ownwell