Bonnots Mill, Osage County, Missouri Property Taxes
Median Bonnot's Mill, MO effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Bonnot's Mill, MO home value: $27,600
Median annual Bonnot's Mill, MO tax bill: $228, $2,172 lower than the national median property tax bill of $2,400.
How are property taxes in Osage County calculated?
Property taxes in Bonnot's Mill, 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 Bonnot's Mill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bonnot's Mill, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bonnots Mill, Osage County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$246
$228
Property Tax Rates Across Bonnots Mill, Osage County, Missouri
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Bonnot's Mill, located in Osage County, Missouri, the effective property tax rate is 0.89%, which aligns with the highest and lowest rates in the area. Compared to the national median property tax rate of 1.02%, Bonnot's Mill offers a more favorable rate for property owners. Missouri's median property tax rate is also 0.89%, indicating that Bonnot's Mill is representative of the state's overall property tax landscape. This can provide some relief to property owners who are looking to save on their annual tax bills, especially when considering the national median property tax bill of $2,400. By understanding these rates, property owners in Bonnot's Mill can better anticipate their tax obligations and potentially explore opportunities for tax appeals or exemptions.
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 Bonnots Mill Tax Rate
0.89%
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 Osage County Tax Rate
0.86%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bonnots Mill, Osage County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65016 | 0.57% | 0.67% | 0.89% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Bonnots Mill, Osage County, Missouri
When examining property taxes in Bonnots Mill, 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 Osage 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.
In Osage County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Bonnots Mill.
For example, the median home price in Bonnots Mill is $27,600, with tax bills ranging significantly across the county. Zip code 65016 has the highest median home price at $27,600.
Property Tax Assessment Values Across Bonnots Mill, Osage County, Missouri
Source: Ownwell
$12,528
$28,706
$44,883
Median Bonnots Mill Market Value
$27,600
Median Osage County Market Value
$30,816
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bonnots Mill, Osage County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65016 | $4,129 | $13,428 | $27,600 | $50,122 | $79,041 |
Source: Ownwell
Property Tax Bills Across Bonnots Mill, Osage County, Missouri
In Bonnot's Mill, property tax bills are calculated based on the assessed value of a home, which is determined by the Osage County assessor. The assessed value is a percentage of the property's market value, and the local tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Bonnot's Mill experience a median tax bill significantly lower than the national median of $2,400, with the highest median tax bill in the area being $228. Factors such as location, property size, and improvements can affect the assessed value, impacting the overall tax bill. For many homeowners, understanding these factors can be complex and time-consuming.
That's where Ownwell steps in. Our property tax consultants specialize in identifying potential savings on property tax bills. By analyzing your property's assessed value and ensuring it aligns with market conditions, we help you appeal for a fair assessment. This can lead to significant savings, ensuring you only pay what you truly owe. Let Ownwell guide you through the process, making property taxes less burdensome.
Median Bonnots Mill Tax Bill
$228
Median Osage County Tax Bill
$261
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Bonnots Mill, Osage County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65016 | $43 | $118 | $228 | $379 | $627 |
Source: Ownwell