Wildwood, Missouri Property Taxes
The median property tax rate in Wildwood, 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 Wildwood, the typical annual property tax bill reaches $210, significantly below the national median of $2,690. Property taxes in Wildwood 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 Wildwood'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 Wildwood 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
Wildwood, 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 Wildwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wildwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wildwood 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 Wildwood, Missouri
Property taxes in Wildwood, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wildwood is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Wildwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wildwood 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 Wildwood's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63005 zip code has the highest median property tax rate of 1.49%, while the 63038 zip code has the lowest median tax rate of 0.83%. Understanding how these areas compare with Wildwood provides valuable insights into the varying tax landscape across St. Louis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wildwood 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 Wildwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
| 63011 | 0.84% | 0.86% | 0.88% | 1.14% | 1.29% |
| 63038 | 0.79% | 0.82% | 0.83% | 0.83% | 0.83% |
| 63040 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Wildwood, Missouri
In Wildwood, 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 local 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 Wildwood, 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 Wildwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Wildwood is $1,891 in zip code 63040, while the lowest median tax bill is $210 in zip code 63005.
Average Wildwood Assessed Value
$14,100
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 Wildwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | $14,100 | $14,100 | $14,100 | $14,100 | $14,100 |
| 63011 | $2,060 | $2,150 | $2,300 | $92,300 | $146,300 |
| 63038 | $8,070 | $8,925 | $125,450 | $244,075 | $248,710 |
| 63040 | $209,300 | $209,300 | $209,300 | $209,300 | $209,300 |
Source: Ownwell
Property Tax Bills Across Wildwood, Missouri
In Wildwood, located in Morgan County, MO, property tax bills are calculated based on the assessed value of your home. The local tax rate is applied to this assessed value to determine your annual tax bill. Various factors influence the assessed value, including the property's market value and any improvements or changes made to the property. For instance, the median home price in Wildwood is $14,100, and property tax bills can vary significantly. The 25th percentile tax bill is around $62, while the 75th percentile tax bill reaches $1,878. Homeowners in the 90th percentile face tax bills as high as $1,933. Comparatively, the highest median tax bill in Wildwood is $1,891 in the 63040 zip code, while the lowest median tax bill is $210 in the 63005 zip code. These variations can significantly impact homeowners, influencing their annual financial planning and long-term investment in their properties. Understanding these factors can help homeowners better prepare for their property tax obligations.
Average Wildwood Tax Bill
$210
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wildwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | $210 | $210 | $210 | $210 | $210 |
| 63011 | $21 | $23 | $28 | $819 | $1,293 |
| 63038 | $67 | $74 | $978 | $1,933 | $2,033 |
| 63040 | $1,891 | $1,891 | $1,891 | $1,891 | $1,891 |
Source: Ownwell