Bolivar, Polk County, Missouri Property Taxes

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

Median Bolivar, MO effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Bolivar, MO home value: $59,105
Median annual Bolivar, MO tax bill: $493, $1,907 lower than the national median property tax bill of $2,400.

How are property taxes in Polk County calculated?

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

Last Updated March 1, 2025

Bolivar, Polk County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$538

$499

Ownwell’s Bolivar Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bolivar with just two data points. By entering your property's estimated assessed value, our calculator applies Bolivar’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 Polk County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bolivar, Polk County, Missouri

Local government entities set tax rates, which can vary widely within a state. This variability is due to the annual process where 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Bolivar, located in Polk County, Missouri, the effective property tax rate is a reflection of this process. The median property tax rate in Missouri is 0.91%, which is slightly below the national median of 1.02%. This means that property owners in Bolivar generally enjoy lower property tax rates compared to many other parts of the country.

Comparing Bolivar’s effective property tax rate to other cities in Missouri and the U.S. can provide valuable insights for homeowners. Understanding these rates helps property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Bolivar, Polk County, Missouri

Source: Ownwell

0.79%

0.90%

1.00%

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 Bolivar Tax Rate

0.91%

Median Effective Polk County Tax Rate

0.91%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bolivar, Polk County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
65613	0.73%	0.91%	0.91%	0.94%	0.98%

Source: Ownwell

Property Tax Assessment Values Across Bolivar, Polk County, Missouri

When examining property taxes in Bolivar, 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 Polk 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.

Assessment notices: In Polk 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 Bolivar. For example, the median home price in Bolivar is $59,105, with tax bills ranging significantly across the county. 65613 has the highest median home price at $59,158.

Property Tax Assessment Values Across Bolivar, Polk County, Missouri

Source: Ownwell

$19,386

$60,099

$100,811

Median Bolivar Market Value

$59,105

Median Polk County Market Value

$49,465

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bolivar, Polk County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
65613	$16,000	$30,105	$59,158	$103,895	$158,390

Source: Ownwell

Property Tax Bills Across Bolivar, Polk County, Missouri

In Bolivar, Polk County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Local tax rates are then applied to this assessed value to determine the final tax bill. The median home price in Bolivar is $59,105, resulting in a property tax bill that can range significantly. For instance, the 25th percentile tax bill is $229, while the 75th percentile reaches $898, and the 90th percentile is $1,340. The highest and lowest median tax bills in the area are both $493, reflecting the consistency in property tax assessments within the 65613 zip code. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Bolivar's rates are relatively lower, providing some relief to homeowners. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemption services, ensuring they do not overpay and benefit from the lowest possible tax obligations.

Property Tax Bills Across Bolivar, Polk County, Missouri

Source: Ownwell

$145

$569

$992

Median Bolivar Tax Bill

$493

Median Polk County Tax Bill

$421

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Bolivar, Polk County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
65613	$98	$229	$493	$898	$1,340

Source: Ownwell