Charleston, Missouri Property Taxes
The median property tax rate in Charleston, 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 Charleston at $59,670, the typical annual property tax bill is $498, significantly less than the national median of $2,690. Property taxes in Charleston are calculated based on the tax assessed value, which usually falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Charleston'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 Charleston or another part of Scott County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Charleston, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$495
Ownwell’s Charleston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Charleston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Charleston 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 Charleston, Missouri
Property taxes in Charleston, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Charleston is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Charleston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Charleston 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 Charleston's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63834 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Charleston provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Charleston Tax Rate
0.83%
Average Scott County Tax Rate
0.92%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Charleston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63834 | 0.75% | 0.83% | 0.83% | 0.90% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Charleston, Missouri
In Charleston, 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 Scott 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 Charleston, 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 Charleston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Charleston are both $498, found in the 63834 zip code.
Average Charleston Assessed Value
$59,670
Average Scott County Assessed Value
$61,900
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Charleston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63834 | $13,168 | $38,035 | $59,670 | $98,010 | $124,462 |
Source: Ownwell
Property Tax Bills Across Charleston, Missouri
In Charleston, 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 Charleston is $59,670. Local tax authorities determine the assessed value and apply the county's property tax rate to compute the tax bill. For instance, if your home falls within the 25th percentile, your tax bill could be around $321. Conversely, homes in the 75th percentile might see tax bills closer to $754, while those in the 90th percentile reach up to $993. Factors such as property improvements, market conditions, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners in Charleston should be aware that these taxes fund essential public services like schools, infrastructure, and emergency services. Comparatively, Charleston's property tax rate is relatively moderate, making it an attractive option for homeowners when compared to the national median property tax rate of 0.99%.
Average Charleston Tax Bill
$498
Average Scott County Tax Bill
$598
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Charleston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63834 | $117 | $321 | $498 | $754 | $993 |
Source: Ownwell