Bucyrus, Texas County, Missouri Property Taxes
The median property tax rate in Bucyrus, MO is 0.69%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Bucyrus at $76,495, the typical annual property tax bill is $507, significantly below the national median of $2,690. Property taxes in Bucyrus are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bucyrus'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 Bucyrus or another part of Texas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bucyrus, Texas County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$528
$490
Ownwell’s Bucyrus Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bucyrus with only two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bucyrus to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bucyrus, Texas County, Missouri
Property taxes in Bucyrus, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bucyrus is 0.69%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Bucyrus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bucyrus 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 Bucyrus's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65444 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Bucyrus 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 Bucyrus Tax Rate
0.69%
Average Texas County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bucyrus, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65444 | 0.57% | 0.61% | 0.69% | 0.75% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Bucyrus, Texas County, Missouri
In Bucyrus, 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 local 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 Bucyrus, 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 Bucyrus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $507 in the 65444 zip code.
Property Tax Assessment Values Across Bucyrus, Texas County, Missouri
Source: Ownwell
$47,880
$79,465
$111,050
Average Bucyrus Assessed Value
$76,495
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 Bucyrus, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65444 | $27,140 | $45,832 | $76,495 | $118,165 | $167,026 |
Source: Ownwell
Property Tax Bills Across Bucyrus, Texas County, Missouri
In Bucyrus, 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 Bucyrus is $76,495. Local tax authorities determine the assessed value, and this figure is then multiplied by the local tax rate to calculate the property tax bill. Factors influencing the tax bill include the home's market value, assessment ratio, and the local tax rate. For homeowners in Bucyrus, property tax bills can vary significantly. The 25th percentile tax bill is $306, while the 75th percentile is $792, and the 90th percentile reaches $1,154. These values indicate that property taxes can fluctuate based on the value of the home and other local factors. Compared to the national median property tax rate of 0.99%, the property taxes in Bucyrus are relatively moderate. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Bucyrus Tax Bill
$507
Average Texas County Tax Bill
$521
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bucyrus, Texas County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65444 | $187 | $306 | $507 | $792 | $1,154 |
Source: Ownwell