Bronaugh, Vernon County, Missouri Property Taxes
The median property tax rate in Bronaugh, MO is 0.94%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Bronaugh at $37,760, the typical annual property tax bill is approximately $326, well below the national median of $2,690. Property taxes in Bronaugh are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bronaugh'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 Bronaugh or another part of Vernon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bronaugh, Vernon County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$355
$329
Ownwell’s Bronaugh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bronaugh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bronaugh 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 Vernon County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bronaugh, Vernon County, Missouri
Property taxes in Bronaugh, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bronaugh is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Bronaugh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bronaugh 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 Bronaugh's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64728 zip code has the highest median property tax rate of 0.94%, while the 64728 zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with Bronaugh provides valuable insights into the varying tax landscape across Vernon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bronaugh Tax Rate
0.94%
Average Vernon County Tax Rate
1.01%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bronaugh, Vernon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64728 | 0.66% | 0.76% | 0.94% | 1.00% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Bronaugh, Vernon County, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bronaugh, Missouri. 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 Vernon 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 Bronaugh, 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. For instance, the highest median tax bill in the area is $326 in the 64728 zip code, which is also the lowest median 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 Bronaugh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bronaugh, Vernon County, Missouri
Source: Ownwell
$37,665
$49,195
$60,725
Average Bronaugh Assessed Value
$37,760
Average Vernon County Assessed Value
$51,890
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bronaugh, Vernon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64728 | $2,700 | $13,620 | $37,760 | $75,800 | $141,144 |
Source: Ownwell
Property Tax Bills Across Bronaugh, Vernon County, Missouri
In Bronaugh, located in Vernon County, MO, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The median home price in Bronaugh is $37,760, and the property tax rate in Missouri is applied to this assessed value to calculate the tax bill. Factors such as property improvements, location, and market conditions can influence the assessed value. Homeowners in Bronaugh can expect varying tax bills, with the 25th percentile at $132 and the 75th percentile at $666. For those at the higher end, the 90th percentile tax bill reaches $1,166. The median tax bill in the area stands at $326, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Bronaugh Tax Bill
$326
Average Vernon County Tax Bill
$536
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bronaugh, Vernon County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64728 | $31 | $132 | $326 | $666 | $1,166 |
Source: Ownwell