Bendavis, Missouri Property Taxes
The median property tax rate in Bendavis, MO is 0.61%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Bendavis at $70,620, the typical annual property tax bill is $413, well below the national median of $2,690. Property taxes in Bendavis are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bendavis'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 Bendavis 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
Bendavis, 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 Bendavis Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bendavis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bendavis to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Bendavis, Missouri
Property taxes in Bendavis, Missouri, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Bendavis is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Bendavis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bendavis 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 Bendavis's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65444 has both the highest and lowest median property tax rate of 0.61%, highlighting a uniform tax landscape within the area. Understanding how these cities compare with Bendavis provides valuable insights into the varying tax landscape across Texas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bendavis Tax Rate
0.61%
Average Texas County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bendavis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65444 | 0.59% | 0.60% | 0.61% | 0.62% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Bendavis, Missouri
In Bendavis, 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 Texas 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 Bendavis, 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 Bendavis is $70,620, with tax bills ranging from $392 at the 25th percentile to $530 at the 90th percentile. Notably, the highest and lowest median tax bill is $413 in the 65444 zip code. By understanding 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 Bendavis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bendavis Assessed Value
$70,620
Average Texas County Assessed Value
$74,330
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bendavis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65444 | $60,468 | $64,275 | $70,620 | $81,180 | $87,516 |
Source: Ownwell
Property Tax Bills Across Bendavis, Missouri
In Bendavis, Texas 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 Bendavis is $70,620. The property tax rate in this region is applied to the assessed value to determine the annual tax bill. Factors that influence the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Bendavis can expect their property tax bills to vary. For instance, those in the 25th percentile pay around $392 annually, while those in the 75th percentile pay approximately $486. The 90th percentile sees tax bills up to $530. This variation highlights how different factors, such as property value and applicable exemptions, can impact the overall tax burden on homeowners. Compared to the national median property tax rate of 0.99%, Bendavis residents generally face a lower property tax rate, making it a relatively affordable area for property owners.
Average Bendavis Tax Bill
$413
Average Texas County Tax Bill
$521
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bendavis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65444 | $379 | $392 | $413 | $486 | $530 |
Source: Ownwell