Bell City, Scott County, Missouri Property Taxes
The median property tax rate in Bell City, MO is 1.30%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Bell City at $76,910, the typical annual property tax bill reaches $940, which is significantly lower than the national median of $2,690. Property taxes in Bell City 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 Bell City'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 Bell City 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
Bell City, Scott County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,000
$928
Ownwell’s Bell City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bell City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bell City 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 Bell City, Scott County, Missouri
Property taxes in Bell City, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bell City is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bell City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bell City 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 Bell City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63735 ZIP code has the highest median property tax rate of 1.30%, while the same ZIP code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Bell City provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bell City Tax Rate
1.30%
Average Scott County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bell City, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63735 | 1.11% | 1.29% | 1.30% | 1.36% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Bell City, Scott County, Missouri
In Bell City, 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 Scott 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 Bell City, 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 Bell City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63735 has the highest median tax bill of $940.00.
Property Tax Assessment Values Across Bell City, Scott County, Missouri
Source: Ownwell
$24,415
$61,308
$98,200
Average Bell City Assessed Value
$76,910
Average Scott County Assessed Value
$61,900
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bell City, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63735 | $47,090 | $55,405 | $76,910 | $117,352 | $145,350 |
Source: Ownwell
Property Tax Bills Across Bell City, Scott County, Missouri
In Bell City, located in Scott County, MO, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which is then multiplied by the local property tax rate to calculate the annual tax bill. For instance, with a median home price of $76,910, the property tax rate is applied to the assessed value to determine the final tax bill. Several factors influence property tax bills, including the property’s location, its assessed value, and any applicable exemptions. Homeowners in Bell City can expect tax bills to vary significantly. At the 25th percentile, tax bills are around $686, while at the 75th percentile, they rise to $1,546. The highest median tax bill recorded in the area is $940. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and public safety, making it essential for homeowners to understand how their tax bills are calculated and allocated.
Average Bell City Tax Bill
$940
Average Scott County Tax Bill
$598
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bell City, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63735 | $540 | $686 | $940 | $1,546 | $1,944 |
Source: Ownwell