Brighton, Polk County, Missouri Property Taxes
The median property tax rate in Brighton, MO is 0.96%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Brighton at $41,892, the typical annual property tax bill is $438, well below the national median of $2,690. Property taxes in Brighton 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 Brighton'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 Brighton 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
Brighton, Polk County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$402
$373
Ownwell’s Brighton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brighton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brighton 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 Brighton, Polk County, Missouri
Property taxes in Brighton, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brighton is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Brighton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brighton 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 Brighton's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65617 in Polk County has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these areas compare with Brighton provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brighton Tax Rate
0.96%
Average Polk County Tax Rate
0.91%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brighton, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65617 | 0.81% | 0.93% | 0.96% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Brighton, Polk County, Missouri
In Brighton, 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 Polk 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 Brighton, 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 Brighton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $438 in the 65617 zip code, while the lowest is also $438 in the same zip code.
Property Tax Assessment Values Across Brighton, Polk County, Missouri
Source: Ownwell
$19,386
$60,099
$100,811
Average Brighton Assessed Value
$41,892
Average Polk County Assessed Value
$49,465
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brighton, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65617 | $11,179 | $19,668 | $41,892 | $72,405 | $111,215 |
Source: Ownwell
Property Tax Bills Across Brighton, Polk County, Missouri
In Brighton, located in Polk County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Brighton is $41,892, and tax rates are applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including the assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners in Brighton, understanding these factors is crucial. The tax bill at the 25th percentile is $207, while at the 75th percentile, it rises to $687. At the 90th percentile, it can reach as high as $1,094. These figures highlight the range of property tax bills that homeowners might encounter. The local median property tax rate in Brighton is 1.05%, slightly above the national median of 0.99%, which can affect the overall affordability of owning a home. This variation in tax bills can significantly impact homeowners' budgets and financial planning.
Average Brighton Tax Bill
$438
Average Polk County Tax Bill
$421
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Brighton, Polk County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65617 | $127 | $207 | $438 | $687 | $1,094 |
Source: Ownwell