Bowling Green, Missouri Property Taxes
The median property tax rate in Bowling Green, MO is 1.00%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Bowling Green at $68,290, the typical annual property tax bill amounts to $669, which is below the national median of $2,690. Property taxes in Bowling Green are based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bowling Green'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 Bowling Green 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
Bowling Green, 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 Bowling Green Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bowling Green with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bowling Green 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 Bowling Green, Missouri
Property taxes in Bowling Green, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bowling Green is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Bowling Green set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bowling Green 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 Bowling Green's effective property tax rate to other areas in Pike County and the national median. For comparison, the 63334 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Bowling Green provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bowling Green Tax Rate
1.00%
Average Pike County Tax Rate
1.04%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowling Green, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63334 | 0.76% | 0.93% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Bowling Green, Missouri
In Bowling Green, 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 Pike 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 Bowling Green, 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 Bowling Green is $68,290, with tax bills ranging from $424 at the 25th percentile to $2,063 at the 90th percentile. The zip code 63334 has the highest median tax bill at $669. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bowling Green Assessed Value
$68,290
Average Pike County Assessed Value
$71,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bowling Green, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63334 | $26,560 | $42,305 | $68,290 | $141,512 | $222,200 |
Source: Ownwell
Property Tax Bills Across Bowling Green, Missouri
In Bowling Green, located in Pike County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value, and it serves as the basis for the tax calculation. The median home price in Bowling Green is $68,290. Property tax rates are applied to the assessed value to determine the annual tax bill. For homeowners in Bowling Green, property tax bills can vary significantly. For instance, the 25th percentile tax bill is $424, while the 75th percentile tax bill reaches $1,205, and the 90th percentile tax bill can go up to $2,063. These figures highlight the range of potential tax liabilities homeowners might face. With the national median property tax rate at 0.99%, Bowling Green's property tax rates can be compared to understand how local rates impact homeowners. The highest and lowest median tax bills in the area are both $669, indicating a level of uniformity within certain zip codes.
Average Bowling Green Tax Bill
$669
Average Pike County Tax Bill
$720
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowling Green, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63334 | $269 | $424 | $669 | $1,205 | $2,063 |
Source: Ownwell