Saraland, Missouri Property Taxes
The median property tax rate in Saraland, MO is 0.83%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Saraland being $6,100, the typical annual property tax bill amounts to $51, which is significantly less than the national median of $2,690. Property taxes in Saraland are calculated based on the assessed value, which is often below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Saraland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Saraland or another part of Morgan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saraland, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Saraland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saraland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saraland 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 Saraland, Missouri
Property taxes in Saraland, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saraland is 0.83%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Saraland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saraland 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 Saraland's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in the county is 1.25%, while the lowest median tax rate is 0.65%. Understanding how these cities compare with Saraland provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saraland Tax Rate
0.83%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saraland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Saraland, Missouri
In Saraland, 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 Morgan 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 Saraland, 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 Saraland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saraland Assessed Value
$6,100
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saraland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Saraland, Missouri
In Saraland, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. Once the assessed value is established, local tax rates, known as millage rates, are applied to compute the annual tax bill. For homeowners in Saraland, the median home price is $6,100, and the tax bill remains consistent across different percentiles, with the 25th, 75th, and 90th percentiles all at $51. This uniformity suggests a relatively straightforward tax structure, which can provide predictability for budgeting purposes. Comparatively, the national median property tax rate is 0.99%, highlighting Saraland's relatively low property tax burden. This can be beneficial for homeowners, making property ownership more affordable and potentially increasing the attractiveness of the area for new residents.
Average Saraland Tax Bill
$51
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saraland, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell