Bernie, Missouri Property Taxes
The median property tax rate in Bernie, MO is 0.81%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $77,400 in Bernie, the typical annual property tax bill amounts to $613, which is significantly below the national median of $2,690. Property taxes in Bernie are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Bernie’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 Bernie or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bernie, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$627
Ownwell’s Bernie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bernie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bernie 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 Bernie, Missouri
Property taxes in Bernie, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bernie is 0.81%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Bernie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bernie 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 Bernie's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63822 zip code has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Bernie provides valuable insights into the varying tax landscape across Stoddard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bernie Tax Rate
0.81%
Average Stoddard County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bernie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63822 | 0.69% | 0.76% | 0.81% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Bernie, Missouri
In Bernie, 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 Stoddard County Assessor 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 Bernie, 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 Bernie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bernie are both $613.00, found in the 63822 zip code.
Average Bernie Assessed Value
$77,400
Average Stoddard County Assessed Value
$85,450
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bernie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63822 | $22,700 | $37,600 | $77,400 | $152,000 | $271,760 |
Source: Ownwell
Property Tax Bills Across Bernie, Missouri
In Bernie, located in Stoddard County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax amount, including property size, location, and any applicable exemptions. For homeowners in Bernie, the median home price is $77,400. The property tax rate in Bernie results in varying tax bills, with the 25th percentile at $363 and the 75th percentile at $1,170. The highest median tax bill recorded in the area is $613, which is consistent across different zip codes within the region. These tax bills can significantly impact homeowners by affecting their annual budgeting and financial planning. Compared to the national median property tax rate of 0.99%, homeowners in Bernie experience a relatively manageable tax burden, which can be a crucial factor in homeownership affordability.
Average Bernie Tax Bill
$613
Average Stoddard County Tax Bill
$758
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bernie, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63822 | $224 | $363 | $613 | $1,170 | $2,277 |
Source: Ownwell