Patton, Bollinger County, Missouri Property Taxes

Name: Property Tax Bills Across Patton, Bollinger County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Patton, MO effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Patton, MO home value: $64,065
Median annual Patton, MO tax bill: $542, $1,858 lower than the national median property tax bill of $2,400.

How are property taxes in Bollinger County calculated?

Property taxes in Patton, 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 Patton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Patton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Patton, Bollinger County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$545

$505

Ownwell’s Patton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Patton with just two data points. By entering your property's estimated assessed value, our calculator applies Patton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bollinger County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Patton, Bollinger County, Missouri

Local government entities are responsible for setting tax rates, which can vary widely within a state. The process involves each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Patton, located in Bollinger County, Missouri, the effective property tax rate offers an interesting comparison to other cities in the state and the national averages. Missouri's median property tax rate stands at 0.85%, which is notably lower than the national median property tax rate of 1.02%. This positions Patton as an attractive option for property owners seeking lower tax burdens.

Understanding how these rates are determined and how they compare to other regions can empower property owners to make informed decisions. By appealing property tax assessments or seeking exemptions, residents can potentially reduce their property tax liabilities, making Patton a desirable location for those looking to maximize their property investments.

Property Tax Rates Across Patton, Bollinger County, Missouri

Source: Ownwell

0.78%

0.87%

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 Patton Tax Rate

0.85%

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 Patton, Bollinger County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
63662	0.74%	0.81%	0.85%	0.86%	0.86%

Source: Ownwell

Property Tax Assessment Values Across Patton, Bollinger County, Missouri

When examining property taxes in Patton, MO, 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 Assessor 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. Assessment notices: 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 Patton. For example, the median home price in Patton is $64,065, with tax bills ranging significantly across the county. 63662 has the highest median home price at $64,065.

Property Tax Assessment Values Across Patton, Bollinger County, Missouri

Source: Ownwell

$29,500

$60,030

$90,560

Median Patton Market Value

$64,065

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 Patton, Bollinger County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
63662	$12,393	$33,380	$64,065	$105,225	$172,378

Source: Ownwell

Property Tax Bills Across Patton, Bollinger County, Missouri

Property tax bills in Patton, located in Bollinger County, Missouri, are determined by assessing the property's market value and applying the local tax rate. The assessed value is a percentage of the home's market value, which is then multiplied by the tax rate set by local authorities. Factors such as property location, size, and improvements can influence the assessed value and, consequently, the tax bill. In Patton, the median home price is $64,065, resulting in a median property tax bill that is significantly lower than the national median of $2,400. Homeowners in Patton pay a 25th percentile tax bill of $295 and a 75th percentile tax bill of $892. The highest and lowest median tax bills in the area are both $542, indicating a relatively uniform tax rate across different properties. Ownwell helps homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they only pay their fair share. This service can lead to substantial savings, easing the financial burden on property owners.

Property Tax Bills Across Patton, Bollinger County, Missouri

Source: Ownwell

$227

$533

$838

Median Patton Tax Bill

$542

Median Bollinger County Tax Bill

$498

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Patton, Bollinger County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
63662	$122	$295	$542	$892	$1,432

Source: Ownwell