Beulah, Phelps County, Missouri Property Taxes
The median property tax rate in Beulah, MO is 0.61%, significantly lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Beulah at $54,300, the typical annual property tax bill is around $290, well below the national median of $2,690. Property taxes in Beulah 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 Beulah'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 Beulah 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
Beulah, Phelps County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$331
$307
Ownwell’s Beulah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beulah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beulah 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 Beulah, Phelps County, Missouri
Property taxes in Beulah, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beulah is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Beulah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beulah 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 Beulah's effective property tax rate to other areas in Missouri and the national median. For comparison, the 65436 zip code has the same median property tax rate of 0.61%. Understanding how these areas compare with Beulah provides valuable insights into the varying tax landscape across Phelps County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beulah Tax Rate
0.61%
Average Phelps County Tax Rate
0.98%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beulah, Phelps County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65436 | 0.51% | 0.57% | 0.61% | 0.62% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Beulah, Phelps County, Missouri
In Beulah, 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 Phelps 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 Beulah, 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. For instance, the median home price in Beulah is $54,300, with tax bills ranging from $128 at the 25th percentile to $1,059 at the 90th percentile. The highest and lowest median tax bills are both $290 in zip code 65436. 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 Beulah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Beulah, Phelps County, Missouri
Source: Ownwell
$37,100
$78,532
$119,964
Average Beulah Assessed Value
$54,300
Average Phelps County Assessed Value
$106,880
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beulah, Phelps County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65436 | $3,676 | $23,585 | $54,300 | $112,795 | $172,330 |
Source: Ownwell
Property Tax Bills Across Beulah, Phelps County, Missouri
In Beulah, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is typically a percentage of the property's market value. Homeowners in Beulah can expect their property tax bill to vary significantly based on the assessed value and applicable tax rates set by local taxing authorities. The median home price in Beulah is $54,300, and property tax bills in the area can range widely. At the 25th percentile, homeowners might pay around $128, while those at the 75th percentile could see bills as high as $693. For the 90th percentile, tax bills can reach up to $1,059. These variations underscore the importance of understanding how different factors, such as property improvements or changes in market conditions, can influence the assessed value and, consequently, the tax bill. Comparatively, the highest and lowest median tax bills in Beulah are both $290, which offers a benchmark for residents. Given the national median property tax rate of 0.99%, Beulah's property tax landscape provides a unique context for homeowners, affecting their financial planning and property-related decisions.
Average Beulah Tax Bill
$290
Average Phelps County Tax Bill
$1,009
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Beulah, Phelps County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65436 | $19 | $128 | $290 | $693 | $1,059 |
Source: Ownwell