Warrenton, Missouri Property Taxes
The median property tax rate in Warrenton, MO is 1.08%, which is higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Warrenton at $85,305, the typical annual property tax bill amounts to $909, falling below the national median of $2,690. Property taxes in Warrenton are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Warrenton'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 Warrenton or another part of the city, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warrenton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$921
Ownwell’s Warrenton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Warrenton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Warrenton to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. For those interested in more detailed trends at the neighborhood level, simply scroll down to access localized information. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Warrenton, Missouri
Property taxes in Warrenton, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warrenton is 1.08%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Warrenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warrenton 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 Warrenton's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63383 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Warrenton provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warrenton Tax Rate
1.08%
Average Lincoln County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warrenton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63383 | 1.03% | 1.08% | 1.08% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Warrenton, Missouri
In Warrenton, 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 Lincoln 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 Warrenton, 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 Warrenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 63383, with a median tax bill of $909.
Average Warrenton Assessed Value
$85,305
Average Lincoln County Assessed Value
$149,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warrenton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63383 | $17,250 | $41,560 | $85,305 | $226,138 | $295,385 |
Source: Ownwell
Property Tax Bills Across Warrenton, Missouri
In Warrenton, Lincoln County, MO, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is calculated based on recent sales data and property characteristics. For instance, the median home price in Warrenton is $85,305. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile at $450 and the 75th percentile reaching $2,374. The tax rate in Warrenton is influenced by local government budgets and public service needs, such as schools and infrastructure. Compared to the national median property tax rate of 0.99%, Warrenton's tax rates may appear more favorable or less so, depending on individual property assessments. For example, the highest median tax bill recorded in the area is $909, which is relatively moderate. These variations in property tax bills can significantly impact homeowners' finances, influencing decisions on home purchases and long-term residency.
Average Warrenton Tax Bill
$909
Average Lincoln County Tax Bill
$1,734
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Warrenton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63383 | $187 | $450 | $909 | $2,374 | $3,233 |
Source: Ownwell