Saverton, Missouri Property Taxes
The median property tax rate in Saverton, MO is 1.02%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With the median home value in Saverton being $59,360, the typical annual property tax bill is $605, which is significantly below the national median of $2,690. Property taxes in Saverton are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Saverton'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 Saverton or another part of Ralls County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saverton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$605
Ownwell’s Saverton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saverton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saverton 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 Saverton, Missouri
Property taxes in Saverton, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saverton is 0.87%, which is lower than the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Saverton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saverton 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 Saverton's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63467 zip code has the highest median property tax rate of 0.87%, while the 63467 zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Saverton provides valuable insights into the varying tax landscape across Ralls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saverton Tax Rate
1.02%
Average Ralls County Tax Rate
0.98%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saverton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63467 | 1.02% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Saverton, Missouri
In Saverton, 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 Ralls County 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 Saverton, 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 Saverton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63467 has the highest and lowest median tax bill, both at $605.
Average Saverton Assessed Value
$59,360
Average Ralls County Assessed Value
$94,330
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saverton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63467 | $31,434 | $39,490 | $59,360 | $105,065 | $120,976 |
Source: Ownwell
Property Tax Bills Across Saverton, Missouri
In Saverton, located in Ralls County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Saverton is $59,360. Property taxes are then determined by applying the local tax rate to the assessed value. This rate can vary, but the national median property tax rate is 0.99%. For Saverton homeowners, tax bills can range significantly. For instance, the 25th percentile tax bill is around $403, while the 75th percentile tax bill is approximately $1,071. The 90th percentile tax bill can go up to $1,233. Several factors influence these amounts, including property location, home value, and any applicable exemptions. Higher property taxes can impact homeowners by increasing their annual expenses, while lower taxes can make homeownership more affordable. The highest and lowest median tax bill in Saverton is recorded at $605, which is relatively modest compared to national figures. Understanding these factors helps homeowners plan their finances more effectively.
Average Saverton Tax Bill
$605
Average Ralls County Tax Bill
$888
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saverton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63467 | $321 | $403 | $605 | $1,071 | $1,233 |
Source: Ownwell