Edgerton, Missouri Property Taxes
The median property tax rate in Edgerton, MO is 1.38%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Edgerton at $166,700, the typical annual property tax bill reaches $2,094, still below the national median of $2,690. Property taxes in Edgerton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Edgerton'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 Edgerton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edgerton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$2,300
Ownwell’s Edgerton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Edgerton with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Edgerton to provide an accurate estimate of your property tax bill. This useful tool enables you to understand your potential tax liabilities better. For those interested in neighborhood-specific trends, more localized information is available as you scroll down. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Edgerton, Missouri
Property taxes in Edgerton, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Edgerton is 1.38%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Edgerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgerton 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 Edgerton's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64444 has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Edgerton provides valuable insights into the varying tax landscape across Buchanan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edgerton Tax Rate
1.38%
Average Buchanan County Tax Rate
1.25%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgerton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64444 | 1.17% | 1.30% | 1.38% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Edgerton, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Edgerton, Missouri. 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 Buchanan County Appraisal District 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 Edgerton, 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. For example, while the 25th percentile tax bill is $1,144, the 75th percentile reaches $2,865, and the 90th percentile can go up to $4,266. The highest and lowest median tax bills in the area are both $2,094, specifically in the 64444 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Edgerton Assessed Value
$166,700
Average Buchanan County Assessed Value
$72,855
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edgerton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64444 | $62,640 | $99,640 | $166,700 | $203,770 | $302,800 |
Source: Ownwell
Property Tax Bills Across Edgerton, Missouri
In Edgerton, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. The median home price in Edgerton stands at $166,700. The tax rate in Buchanan County, where Edgerton is located, is applied to the assessed value of the property, which is a percentage of the market value. Homeowners in Edgerton can expect their tax bills to vary significantly based on the value of their property. For instance, the 25th percentile tax bill is $1,144, while the 75th percentile tax bill is $2,865, and the 90th percentile tax bill reaches $4,266. These figures illustrate the range of property tax bills homeowners might encounter. Compared to the national median property tax rate of 0.99%, Edgerton's tax rates can present a substantial financial consideration for homeowners. Understanding these factors is crucial for property owners to anticipate their annual tax obligations and manage their finances effectively.
Average Edgerton Tax Bill
$2,094
Average Buchanan County Tax Bill
$904
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgerton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64444 | $875 | $1,144 | $2,094 | $2,865 | $4,266 |
Source: Ownwell