Bonne Terre, Washington County, Missouri Property Taxes
The median property tax rate in Bonne Terre, MO is 0.91%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Bonne Terre at $82,630, the typical annual property tax bill amounts to $772, significantly below the national median of $2,690. Property taxes in Bonne Terre are calculated based on the assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Bonne Terre'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 Bonne Terre or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bonne Terre, Washington County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$752
$698
Ownwell’s Bonne Terre Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bonne Terre with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bonne Terre 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 Bonne Terre, Washington County, Missouri
Property taxes in Bonne Terre, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bonne Terre is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Bonne Terre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bonne Terre 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 Bonne Terre's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63628 has both the highest and lowest median property tax rate of 0.91%. Understanding how these cities compare with Bonne Terre 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 Bonne Terre Tax Rate
0.91%
Average Washington County Tax Rate
0.96%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bonne Terre, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63628 | 0.86% | 0.89% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Bonne Terre, Washington County, Missouri
In Bonne Terre, 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 Bonne Terre, 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 Bonne Terre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $772, found in the 63628 zip code.
Property Tax Assessment Values Across Bonne Terre, Washington County, Missouri
Source: Ownwell
$14,300
$48,465
$82,630
Average Bonne Terre Assessed Value
$82,630
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 Bonne Terre, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63628 | $12,380 | $33,840 | $82,630 | $145,370 | $200,870 |
Source: Ownwell
Property Tax Bills Across Bonne Terre, Washington County, Missouri
Property tax bills in Bonne Terre, located in Washington County, MO, are calculated based on the assessed value of a property. The assessed value is a percentage of the property's market value, determined by the local assessor. For homeowners in Bonne Terre, the median home price stands at $82,630. The property tax rate is then applied to this assessed value to determine the tax bill. Homeowners in Bonne Terre experience a range of property tax bills. At the 25th percentile, the tax bill is $319, while at the 75th percentile, it rises to $1,359. For those in the 90th percentile, the tax bill can go up to $1,811. The highest median tax bill in the area is $772, which is significantly lower than 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 community and homeowners' quality of life.
Average Bonne Terre Tax Bill
$772
Average Washington County Tax Bill
$361
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bonne Terre, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63628 | $121 | $319 | $772 | $1,359 | $1,811 |
Source: Ownwell