Bertrand, Missouri Property Taxes
The median property tax rate in Bertrand, MO is 0.92%, slightly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $98,200 in Bertrand, the typical annual property tax bill amounts to $864, which is significantly below the national median of $2,690. Property taxes in Bertrand 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 Bertrand'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 Bertrand 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
Bertrand, 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 Bertrand Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bertrand with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bertrand 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 Bertrand, Missouri
Property taxes in Bertrand, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bertrand is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Bertrand set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bertrand 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 Bertrand's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63823 has both the highest and lowest median property tax rate of 0.92%. Understanding how these cities compare with Bertrand 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 Bertrand Tax Rate
0.92%
Average Scott County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bertrand, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63823 | 0.78% | 0.89% | 0.92% | 0.94% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Bertrand, Missouri
In Bertrand, 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 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 Bertrand, 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. The median home price in Bertrand is $98,200, with property tax bills ranging from $547 at the 25th percentile to $1,978 at the 90th percentile. The highest median tax bill is $864 in the 63823 zip code, which also has the lowest median tax bill of $864. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Knowing the valuation processes in Bertrand helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bertrand Assessed Value
$98,200
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 Bertrand, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63823 | $34,636 | $53,738 | $98,200 | $149,432 | $229,619 |
Source: Ownwell
Property Tax Bills Across Bertrand, Missouri
In Bertrand, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. The median home price in Bertrand is $98,200. Homeowners in Bertrand can expect a property tax bill that typically falls between $547 at the 25th percentile and $1,360 at the 75th percentile, with the 90th percentile reaching up to $1,978. The assessed value of a property is a crucial factor in calculating the tax bill. This value is influenced by various elements such as property size, location, and market conditions. Homeowners should be aware that fluctuations in the real estate market can significantly impact their tax obligations. Comparatively, Bertrand's property tax rates can be seen as moderate when juxtaposed with the national median property tax rate of 0.99%. This means that while some homeowners might find their tax bills manageable, others, especially those with higher-valued properties, may experience a more substantial financial impact.
Average Bertrand Tax Bill
$864
Average Scott County Tax Bill
$598
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bertrand, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63823 | $348 | $547 | $864 | $1,360 | $1,978 |
Source: Ownwell