Belgrade, Washington County, Missouri Property Taxes
The median property tax rate in Belgrade, MO is 0.94%, slightly lower than the national median of 0.99% and significantly below the Missouri state median of 1.20%. With a median home value in Belgrade of $49,975, the typical annual property tax bill amounts to $451, which is well below the national median of $2,690. Property taxes in Belgrade 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 Belgrade'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 Belgrade or another part of the city, comprehending the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Belgrade, Washington County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$470
$436
Ownwell’s Belgrade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belgrade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belgrade 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 Belgrade, Washington County, Missouri
Property taxes in Belgrade, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Belgrade is 0.94%, which is just below the U.S. national median of 0.99%. Local government entities within Belgrade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belgrade 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 Belgrade's effective property tax rate to other areas in Missouri and the national median. For comparison, the ZIP code 63622 has the highest median property tax rate of 0.94%, while the same ZIP code also has the lowest median tax rate of 0.94%. Understanding how these areas compare with Belgrade provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belgrade Tax Rate
0.94%
Average Washington County Tax Rate
0.96%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belgrade, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63622 | 0.83% | 0.91% | 0.94% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Belgrade, Washington County, Missouri
In Belgrade, 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 Washington 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 Belgrade, 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 Belgrade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Belgrade is $49,975, with tax bills ranging from $249 at the 25th percentile to $1,283 at the 90th percentile. The zip code 63622 has both the highest and lowest median tax bill at $451.
Property Tax Assessment Values Across Belgrade, Washington County, Missouri
Source: Ownwell
$14,300
$48,465
$82,630
Average Belgrade Assessed Value
$49,975
Average Washington County Assessed Value
$37,210
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belgrade, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63622 | $17,334 | $26,745 | $49,975 | $86,590 | $136,666 |
Source: Ownwell
Property Tax Bills Across Belgrade, Washington County, Missouri
In Belgrade, Washington County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assessor determines this assessed value, and the local tax rate is then applied to calculate the tax bill. For instance, with a median home price of $49,975, the assessed value is typically lower due to Missouri's assessment ratios. Several factors influence the tax bill, including the home's location, size, and condition. Additionally, local government budgets and voter-approved levies can affect the overall tax rate. Homeowners in Belgrade can expect tax bills to vary significantly, with the 25th percentile at $249 and the 75th percentile at $789. For those in the 90th percentile, tax bills can reach up to $1,283. These property taxes fund essential community services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated can help homeowners better anticipate their financial obligations and plan accordingly.
Average Belgrade Tax Bill
$451
Average Washington County Tax Bill
$361
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Belgrade, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63622 | $163 | $249 | $451 | $789 | $1,283 |
Source: Ownwell