Poplar Bluff, Missouri Property Taxes
The median property tax rate in Poplar Bluff, MO is 0.70%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Poplar Bluff, the typical annual property tax bill is $258, far below the national median of $2,690. Property taxes in Poplar Bluff are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Poplar Bluff'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 Poplar Bluff or another part of Ripley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Poplar Bluff, 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 Poplar Bluff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poplar Bluff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poplar Bluff 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 Poplar Bluff, Missouri
Property taxes in Poplar Bluff, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poplar Bluff is 0.70%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Poplar Bluff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poplar Bluff 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 Poplar Bluff's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63901 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Poplar Bluff provides valuable insights into the varying tax landscape across Ripley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Poplar Bluff Tax Rate
0.70%
Average Ripley County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poplar Bluff, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63901 | 0.65% | 0.67% | 0.70% | 0.74% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Poplar Bluff, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Poplar Bluff, Missouri. The market value represents 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 local 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 Poplar Bluff, 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 example, the median home price in Poplar Bluff stands at $35,500. The tax bill at the 25th percentile is $141, while at the 75th percentile, it is $539. Notably, the highest median tax bill is $258 in the 63901 zip code, which also has the lowest median tax bill of $258. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Poplar Bluff Assessed Value
$35,500
Average Ripley County Assessed Value
$32,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Poplar Bluff, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63901 | $10,520 | $18,600 | $35,500 | $72,200 | $85,860 |
Source: Ownwell
Property Tax Bills Across Poplar Bluff, Missouri
In Poplar Bluff, located in Ripley County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate. For homeowners in Poplar Bluff, the median home price stands at $35,500. The median tax bill in the area is $258, with the 25th percentile at $141 and the 75th percentile at $539. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Poplar Bluff experience relatively lower tax bills. This can be beneficial for homeowners, as it makes owning property more affordable. However, it also means that local services funded by property taxes might receive less revenue, potentially impacting community resources and infrastructure. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Poplar Bluff Tax Bill
$258
Average Ripley County Tax Bill
$258
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Poplar Bluff, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63901 | $77 | $141 | $258 | $539 | $868 |
Source: Ownwell