Weston, Missouri Property Taxes
The median property tax rate in Weston, MO is 1.26%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Weston, the typical annual property tax bill reaches $2,208, which, while below the national median of $2,690, still represents a significant expense. Property taxes in Weston 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 Weston'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 Weston 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
Weston, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$2,294
Ownwell’s Weston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weston 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 Weston, Missouri
Property taxes in Weston, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weston is 1.26%, notably higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Weston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weston 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 Weston's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64098 has the highest median property tax rate of 1.26%, while the lowest median tax rate is also 1.26% in the same zip code. Understanding how these areas compare with Weston provides valuable insights into the varying tax landscape across Platte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weston Tax Rate
1.26%
Average Platte County Tax Rate
1.45%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64098 | 1.11% | 1.15% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Weston, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Weston, Missouri. 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 Platte 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 Weston, 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 Weston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Weston is $182,096, with the highest and lowest median tax bills both recorded at $2,208 in the 64098 zip code.
Average Weston Assessed Value
$182,096
Average Platte County Assessed Value
$243,632
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64098 | $90,120 | $131,462 | $182,096 | $254,242 | $320,866 |
Source: Ownwell
Property Tax Bills Across Weston, Missouri
Property tax bills in Weston, Platte County, MO, are calculated based on the assessed value of a property, which is a percentage of its market value. In Weston, the median home price is $182,096. The assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in Weston experience a range of property tax bills depending on their property's assessed value. For example, the tax bill at the 25th percentile is $1,617, while at the 75th percentile, it rises to $3,080. At the 90th percentile, homeowners may see tax bills as high as $3,881. These tax bills can significantly impact homeowners' finances, influencing their overall cost of living and potentially affecting decisions about homeownership. Compared to the national median property tax rate of 0.99%, understanding these local variations is crucial for homeowners in Weston to anticipate their financial obligations accurately. The highest and lowest median tax bills in the area are both $2,208, indicating a consistent tax rate across different properties within the same zip code, 64098.
Average Weston Tax Bill
$2,208
Average Platte County Tax Bill
$3,540
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Weston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64098 | $1,066 | $1,617 | $2,208 | $3,080 | $3,881 |
Source: Ownwell