Berger, Missouri Property Taxes
The median property tax rate in Berger, MO is 1.18%, slightly higher than the national median of 0.99% but just below the Missouri state median of 1.20%. With the median home value in Berger at $116,110, the typical annual property tax bill amounts to $1,384, which is lower than the national median of $2,690. Property taxes in Berger are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Berger'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 Berger 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
Berger, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,370
Ownwell’s Berger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Berger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Berger 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 Berger, Missouri
Property taxes in Berger, Missouri, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Berger is 1.18%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Berger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berger 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 Berger's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63014 has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Berger provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berger Tax Rate
1.18%
Average Franklin County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berger, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63014 | 1.04% | 1.14% | 1.18% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Berger, Missouri
In Berger, 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 Franklin County Assessor's Office 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 Berger, 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. By understanding the distinction between 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 in Berger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63014 in Berger has both the highest and lowest median tax bill, which is $1,384.
Average Berger Assessed Value
$116,110
Average Franklin County Assessed Value
$143,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berger, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63014 | $49,936 | $77,995 | $116,110 | $179,870 | $250,214 |
Source: Ownwell
Property Tax Bills Across Berger, Missouri
In Berger, located in Franklin County, MO, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is typically a percentage of the market value of your property. For instance, if your home has a median price of $116,110, this figure will be used as a basis for assessment. The local tax rate is then applied to this assessed value to determine your annual property tax bill. Several factors influence the tax bill, including property improvements, changes in market conditions, and local government budgets. Homeowners in Berger can expect varying tax bills; the 25th percentile tax bill is around $947, while those in the 75th percentile pay approximately $2,105. At the 90th percentile, the tax bill can reach up to $2,907. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly affecting the quality of life for residents. Understanding how these taxes are calculated can help homeowners budget more effectively and anticipate changes in their annual expenses.
Average Berger Tax Bill
$1,384
Average Franklin County Tax Bill
$1,687
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Berger, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63014 | $591 | $947 | $1,384 | $2,105 | $2,907 |
Source: Ownwell