Blackwell, Missouri Property Taxes
The median property tax rate in Blackwell, MO is 0.98%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With a median home value of $54,840 in Blackwell, the typical annual property tax bill is $490, far below the national median of $2,690. Property taxes in Blackwell are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Blackwell'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 Blackwell 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
Blackwell, 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 Blackwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blackwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blackwell 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 Blackwell, Missouri
Property taxes in Blackwell, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blackwell is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Blackwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blackwell 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 Blackwell's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63626 has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Blackwell provides valuable insights into the varying tax landscape across St. Francois County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blackwell Tax Rate
0.98%
Average St. Francois County Tax Rate
1.00%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blackwell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63626 | 0.92% | 0.96% | 0.98% | 0.99% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Blackwell, Missouri
In Blackwell, 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 St. Francois 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 Blackwell, 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 Blackwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63626 has both the highest and lowest median tax bill at $490.
Average Blackwell Assessed Value
$54,840
Average St. Francois County Assessed Value
$72,730
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blackwell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63626 | $16,911 | $22,870 | $54,840 | $130,000 | $170,430 |
Source: Ownwell
Property Tax Bills Across Blackwell, Missouri
In Blackwell, located in St. Francois County, MO, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the market value, which is determined by local tax assessors. Homeowners in Blackwell can expect a range of tax bills, with the 25th percentile at $228 and the 75th percentile at $1215. The highest median tax bill reported in the area is $490, which aligns with the lowest median tax bill, also at $490, indicating a relatively uniform tax rate across different properties. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The impact on homeowners can vary significantly; those with properties on the higher end of the market value spectrum may face tax bills as high as $1672, in the 90th percentile. Compared to the national median property tax rate of 0.99%, Blackwell's rates provide a perspective on how local policies and property values influence the financial obligations of homeowners.
Average Blackwell Tax Bill
$490
Average St. Francois County Tax Bill
$732
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Blackwell, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63626 | $159 | $228 | $490 | $1,215 | $1,672 |
Source: Ownwell