Advance, Bollinger County, Missouri Property Taxes
Median Advance, MO effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Advance, MO home value: $59,115
Median annual Advance, MO tax bill: $559, $1,841 lower than the national median property tax bill of $2,400.
How are property taxes in Bollinger County calculated?
Property taxes in Advance, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Advance’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Advance, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Advance, Bollinger County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$568
$527
Property Tax Rates Across Advance, Bollinger County, Missouri
Local government entities are responsible for setting tax rates, leading to significant variations within a state. Each year, counties estimate their required budget to provide essential services and then divide this by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. Although votes and legislative processes are involved in setting these rates and budgets, this annual procedure is the essence of how property tax rates are established.
In Advance, located in Bollinger County, Missouri, the effective property tax rate offers a unique perspective when compared to other cities within the state and the national median. Missouri's median property tax rate is slightly below the national median, reflecting the state's approach to balancing revenue needs with taxpayer affordability. Understanding these rates is crucial for homeowners looking to manage their property tax obligations effectively. Comparing Advance’s tax rate to broader state and national figures provides valuable insights into the local tax landscape, helping residents make informed financial decisions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Advance Tax Rate
0.96%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bollinger County Tax Rate
0.80%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Advance, Bollinger County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63730 | 0.91% | 0.96% | 0.96% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Advance, Bollinger County, Missouri
When examining property taxes in Advance, Missouri, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bollinger County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bollinger County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Advance. For example, the median home price in Advance is $59,115, with tax bills ranging significantly across the county. Zip code 63730 has the highest median home price at $59,115.
Property Tax Assessment Values Across Advance, Bollinger County, Missouri
Source: Ownwell
$29,500
$60,030
$90,560
Median Advance Market Value
$59,115
Median Bollinger County Market Value
$59,990
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Advance, Bollinger County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63730 | $10,843 | $23,018 | $59,115 | $100,928 | $142,346 |
Source: Ownwell
Property Tax Bills Across Advance, Bollinger County, Missouri
Median Advance Tax Bill
$559
Median Bollinger County Tax Bill
$498
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Advance, Bollinger County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63730 | $103 | $217 | $559 | $897 | $1,291 |
Source: Ownwell