Portage Des Sioux, Missouri Property Taxes
The median property tax rate in Portage Des Sioux, MO is 1.11%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $136,069 in Portage Des Sioux, the typical annual property tax bill amounts to $1,529, which is below the national median of $2,690. Property taxes here are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Portage Des Sioux's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in Portage Des Sioux or elsewhere within St. Charles County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Portage Des Sioux, 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 Portage Des Sioux Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Portage Des Sioux with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Portage Des Sioux 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 Portage Des Sioux, Missouri
Property taxes in Portage Des Sioux, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Portage Des Sioux is 1.11%, higher than the U.S. national median of 0.99%. Local government entities within Portage Des Sioux set these rates annually, and they can vary significantly across different neighborhoods. Each year, Portage Des Sioux 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 Portage Des Sioux's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63373 has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these areas compare with Portage Des Sioux provides valuable insights into the varying tax landscape across St. Charles County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Portage Des Sioux Tax Rate
1.11%
Average St. Charles County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Portage Des Sioux, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63373 | 0.96% | 1.03% | 1.11% | 1.15% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Portage Des Sioux, Missouri
In Portage Des Sioux, 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 St. Charles 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 Portage Des Sioux, 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. Notably, the highest and lowest median tax bills in the area are both $1,529, with the zip code 63373. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Portage Des Sioux, Missouri
Source: Ownwell
$2,839
$381,656
$760,472
Average Portage Des Sioux Assessed Value
$136,069
Average St. Charles County Assessed Value
$293,699
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Portage Des Sioux, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63373 | $26,273 | $88,590 | $136,069 | $200,110 | $255,558 |
Source: Ownwell
Property Tax Bills Across Portage Des Sioux, Missouri
In Portage Des Sioux, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. St. Charles County, where the city is located, uses this assessed value to determine the amount owed. Homeowners in this area see a range of property tax bills, with the 25th percentile at $967 and the 75th percentile at $2,201. The 90th percentile reaches up to $2,700, indicating that higher-value properties face significantly larger tax bills. Several factors influence these tax bills, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The median home price in Portage Des Sioux is $136,069, and with a median tax bill of $1,529, homeowners here pay a rate that is slightly higher than the national median property tax rate of 0.99%. This financial obligation can impact homeowners' budgets, making it crucial to understand how these taxes are calculated and managed.
Average Portage Des Sioux Tax Bill
$1,529
Average St. Charles County Tax Bill
$3,174
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Portage Des Sioux, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63373 | $338 | $967 | $1,529 | $2,201 | $2,700 |
Source: Ownwell