Saint Thomas, Missouri Property Taxes
The median property tax rate in Saint Thomas, MO is 0.83%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Saint Thomas at $49,203, the typical annual property tax bill is $404, significantly below the national median of $2,690. Property taxes in Saint Thomas 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 Saint Thomas'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 Saint Thomas or another part of Osage County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Thomas, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$408
Ownwell’s Saint Thomas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Thomas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Thomas 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 Saint Thomas, Missouri
Property taxes in Saint Thomas, Missouri, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Thomas 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 Saint Thomas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Thomas 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 Saint Thomas's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65076 zip code has both the highest and lowest median property tax rate of 0.83%. Understanding how these cities compare with Saint Thomas provides valuable insights into the varying tax landscape across Osage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Thomas Tax Rate
0.83%
Average Osage County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Thomas, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65076 | 0.70% | 0.80% | 0.83% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Saint Thomas, Missouri
In Saint Thomas, 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 Osage County Assessor 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 Saint Thomas, 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. The median home price in Saint Thomas is $49,203, with tax bills ranging from $288 at the 25th percentile to $1,143 at the 90th percentile. The zip code 65076 has both the highest and lowest median tax bill at $404. Being aware of these valuation processes in Saint Thomas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Thomas Assessed Value
$49,203
Average Osage County Assessed Value
$30,816
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Thomas, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65076 | $19,305 | $31,542 | $49,203 | $51,560 | $128,962 |
Source: Ownwell
Property Tax Bills Across Saint Thomas, Missouri
In Saint Thomas, located in Osage County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Saint Thomas is $49,203. Property taxes are then determined by applying the local tax rate to the assessed value. Factors such as property improvements, neighborhood values, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners in Saint Thomas experience property tax bills that vary significantly. The 25th percentile tax bill is $288, while the 75th percentile tax bill is $413. At the higher end, the 90th percentile tax bill can reach $1,143. These figures illustrate how property taxes can impact homeowners differently based on their property's assessed value. Compared to the national median property tax rate of 0.99%, the property tax rates in Saint Thomas can be relatively manageable for many residents, making it an attractive option for homeowners seeking lower property tax obligations.
Average Saint Thomas Tax Bill
$404
Average Osage County Tax Bill
$261
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Thomas, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65076 | $166 | $288 | $404 | $413 | $1,143 |
Source: Ownwell