Sturgeon, Missouri Property Taxes
The median property tax rate in Sturgeon, MO is 1.26%, higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Sturgeon at $69,220, the typical annual property tax bill reaches $1,159, which is below the national median of $2,690. Property taxes in Sturgeon are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sturgeon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sturgeon or another part of Boone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sturgeon, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$872
Ownwell’s Sturgeon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sturgeon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sturgeon to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sturgeon, Missouri
Property taxes in Sturgeon, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sturgeon is 1.26%, significantly higher than both the Missouri state median of 0.98% and the U.S. national median of 0.99%. Local government entities within Sturgeon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sturgeon estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Sturgeon's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65284 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Sturgeon provides valuable insights into the varying tax landscape across Boone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sturgeon Tax Rate
1.26%
Average Boone County Tax Rate
1.27%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sturgeon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65284 | 1.17% | 1.23% | 1.26% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Sturgeon, Missouri
In STURGEON, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Boone County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In STURGEON, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in STURGEON is $69,220, with tax bills ranging from $656 at the 25th percentile to $3,097 at the 90th percentile. The highest and lowest median tax bills are both $1,159 in the 65284 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sturgeon Assessed Value
$69,220
Average Boone County Assessed Value
$153,300
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sturgeon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65284 | $8,420 | $28,700 | $69,220 | $141,630 | $225,672 |
Source: Ownwell
Property Tax Bills Across Sturgeon, Missouri
In Sturgeon, located in Boone County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Sturgeon, the median home price is $69,220, which influences the assessed value and, consequently, the tax bill. Several factors are considered when determining the property tax bill, including the home's location, size, and any improvements made. In Sturgeon, homeowners can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $656, while at the 75th percentile, it rises to $2,062. At the 90th percentile, it can reach as high as $3,097. The highest and lowest median tax bills in Sturgeon are both $1,159, reflecting a consistent rate within the zip code 65284. These property taxes are crucial as they fund local services, impacting the community's quality of life.
Average Sturgeon Tax Bill
$1,159
Average Boone County Tax Bill
$2,051
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sturgeon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65284 | $357 | $656 | $1,159 | $2,062 | $3,097 |
Source: Ownwell