Tax Comparison: Blue springs, MO vs New albin, IA
Understanding Your Tax Burden
This page compares the three main types of taxes between Blue springs, MO and New albin, IA: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Blue springs, MO
$4,811
Based on a $419,200 home
Rate: 1.1477%
New albin, IA
$5,128
Based on a $419,200 home
Rate: 1.2234%
| Data | Blue springs, MO | New albin, IA |
|---|---|---|
| Effective Property Tax Rate | 1.1477% | 1.2234% |
| Estimated Property Tax | $4,811 | $5,128 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Blue springs, MO are $317 lower than in New albin, IA for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
MO
2%-4.8%
Single: $4,620
Married: $8,316
IA
4.4%-5.7%
Single: $3,800
Married: $6,840
| Data | MO | IA |
|---|---|---|
| Tax Rate | 2%-4.8% | 4.4%-5.7% |
| Single Filer ($100k) | $4,620 | $3,800 |
| Married Couple ($200k) | $8,316 | $6,840 |
| Median Income ($80.6k) | $3,789 | $3,061 |
Comparison: Income taxes in IA are $728 lower than in MO for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Blue springs, MO
10.100%
Combined rate
Annual sales tax: $1565
(Based on $15,500 spending)
New albin, IA
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
| Data | Blue springs, MO | New albin, IA |
|---|---|---|
| State Sales Tax | 4.23% | 6.00% |
| Combined Sales Tax | 10.100% | 8.000% |
| Annual Tax Amount | $1,565 | $1,240 |
Comparison: Shopping in New albin, IA costs $325 less in annual sales tax than in Blue springs, MO for the average household.
Tax Comparison Insights
Tax Insights: Blue springs vs New albin
- Property Tax: Blue springs has a 0.0757 percentage points lower effective property tax rate than New albin.
- Income Tax: Living in IA could save you approximately $728 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in New albin is 2.10 percentage points lower than in Blue springs.
Overall Tax Burden Comparison
Blue springs, MO
$10,165
Combined annual tax burden
Property
$4,811
Income
$3,789
Sales
$1,565
New albin, IA
$9,429
Combined annual tax burden
Property
$5,128
Income
$3,061
Sales
$1,240
Overall Comparison: New albin, IA has an estimated $736 lower total tax burden than Blue springs, MO based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.