Brownwood, Missouri Property Taxes
The median property tax rate in Brownwood, MO is 0.81%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $111,100 in Brownwood, the typical annual property tax bill is $827, significantly below the national median of $2,690. Property taxes in Brownwood are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural land. Understanding Brownwood'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 Brownwood 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
Brownwood, 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 Brownwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownwood 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 Brownwood, Missouri
Property taxes in Brownwood, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownwood is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Brownwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownwood 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 Brownwood's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63738 in Stoddard County 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 Brownwood 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 Brownwood 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 Brownwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63738 | 0.74% | 0.76% | 0.81% | 0.85% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Brownwood, Missouri
In Brownwood, 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 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 Brownwood, 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 Brownwood is $111,100, with the 25th percentile tax bill around $558 and the 75th percentile tax bill approximately $1,096. 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 Brownwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brownwood Assessed Value
$111,100
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 Brownwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63738 | $47,900 | $71,600 | $111,100 | $150,600 | $174,300 |
Source: Ownwell
Property Tax Bills Across Brownwood, Missouri
In Brownwood, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, and this percentage varies based on state and local regulations. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Brownwood, the tax bill can significantly impact their finances. For instance, the median home price in the area is $111,100, which means the property tax bill could range from $558 at the 25th percentile to $1,257 at the 90th percentile. This range shows how property taxes can vary widely based on the assessed value and local tax rates. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Brownwood to understand their local rates and assessments to plan their finances better. The highest and lowest median tax bill in the region is $827, indicating a relatively consistent tax environment within Stoddard County.
Average Brownwood Tax Bill
$827
Average Stoddard County Tax Bill
$758
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63738 | $396 | $558 | $827 | $1,096 | $1,257 |
Source: Ownwell