Blodgett, Scott County, Missouri Property Taxes
The median property tax rate in Blodgett, MO is 0.94%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $38,200 in Blodgett, the typical annual property tax bill is $358, far below the national median of $2,690. Property taxes in Blodgett are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Blodgett'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 Blodgett or another part of Scott County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blodgett, Scott County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$359
$333
Ownwell’s Blodgett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blodgett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blodgett 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 Blodgett, Scott County, Missouri
Property taxes in Blodgett, MO, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blodgett is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Blodgett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blodgett 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 Blodgett's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63824 zip code has both the highest and lowest median property tax rate of 0.94%. Understanding how these cities compare with Blodgett 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 Blodgett Tax Rate
0.94%
Average Scott County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blodgett, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63824 | 0.93% | 0.94% | 0.94% | 0.95% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Blodgett, Scott County, Missouri
In Blodgett, 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 Blodgett, 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 Blodgett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Blodgett are both $358 in the zip code 63824.
Property Tax Assessment Values Across Blodgett, Scott County, Missouri
Source: Ownwell
$24,415
$61,308
$98,200
Average Blodgett Assessed Value
$38,200
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 Blodgett, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63824 | $7,041 | $23,770 | $38,200 | $62,580 | $89,637 |
Source: Ownwell
Property Tax Bills Across Blodgett, Scott County, Missouri
In Blodgett, Scott 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 Blodgett is $38,200. Local tax rates are applied to this assessed value to determine the tax bill. For example, the median property tax rate in the area is 0.99%, aligning with the national median. Homeowners in Blodgett can expect their tax bills to vary significantly. The 25th percentile tax bill is around $223, while those in the 75th percentile pay about $590. The 90th percentile tax bill reaches $855, indicating a wide range of property tax liabilities among residents. The highest and lowest median tax bills in the region are both $358, found in zip code 63824. These tax bills impact homeowners by influencing monthly mortgage payments and overall housing affordability. Higher property taxes can make homeownership more costly, while lower taxes can provide some financial relief. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Blodgett Tax Bill
$358
Average Scott County Tax Bill
$598
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Blodgett, Scott County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63824 | $69 | $223 | $358 | $590 | $855 |
Source: Ownwell