Bland, Missouri Property Taxes
The median property tax rate in Bland, MO is 0.74%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Bland at $305,202, the typical annual property tax bill reaches $2,252, which is below the national median of $2,690. Property taxes in Bland 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 Bland'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 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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bland is 0.74%, which is lower than 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 0.74%. Understanding how these cities compare with Bland 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 Bland Tax Rate
0.74%
Average Phelps County Tax Rate
0.98%
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 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
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 Phelps County 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 Bland, 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. The zip code with the highest and lowest median tax bill is 65014, with a median tax bill of $2252.
Average Bland Assessed Value
$305,202
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 Bland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65014 | $305,202 | $305,202 | $305,202 | $305,202 | $305,202 |
Source: Ownwell
Property Tax Bills Across Bland, Missouri
Property tax bills in Bland, located in Phelps County, MO, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, determined by the county assessor. In Bland, homeowners can expect property tax bills to vary, but a common figure is around $2,252, which aligns with both the 25th and 75th percentiles, as well as the 90th percentile, indicating a consistent tax rate across different property values. Several factors influence the tax bill, including property size, location, and any improvements made. The local tax rate is applied to the assessed value to determine the final tax bill. For homeowners, this means that property taxes are a predictable annual expense, but they can significantly impact the overall cost of owning a home. Compared to the national median property tax rate of 0.99%, Bland's property tax rate provides a stable and manageable financial expectation for its residents.
Average Bland Tax Bill
$2,252
Average Phelps County Tax Bill
$1,009
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 | $2,252 | $2,252 | $2,252 | $2,252 | $2,252 |
Source: Ownwell