Collins, Missouri Property Taxes
The median property tax rate in Collins, MO is 0.91%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $39,350 in Collins, the typical annual property tax bill is $306, which is substantially less than the national median of $2,690. Property taxes in Collins are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Gaining a thorough understanding of Collins's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in notable annual savings. Whether you're in the heart of Collins or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Collins, 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 Collins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Collins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Collins 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 Collins, Missouri
Property taxes in Collins, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Collins is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Collins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Collins 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 Collins' effective property tax rate to other counties in Missouri and the national median. For comparison, the 64738 zip code has the highest median property tax rate of 0.91%, while the lowest median tax rate is also 0.91% in the same zip code. Understanding how these cities compare with Collins provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Collins Tax Rate
0.91%
Average St. Clair County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Collins, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64738 | 0.70% | 0.79% | 0.91% | 0.95% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Collins, Missouri
In Collins, 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. Clair 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 Collins, 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. For instance, the median home price in Collins is $39,350, with tax bills ranging from $174 at the 25th percentile to $869 at the 90th percentile. The highest and lowest median tax bills are both reported at $306 in the 64738 zip code. Understanding these valuation concepts helps property owners better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Collins Assessed Value
$39,350
Average St. Clair County Assessed Value
$27,650
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Collins, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64738 | $12,790 | $21,000 | $39,350 | $69,600 | $114,990 |
Source: Ownwell
Property Tax Bills Across Collins, Missouri
In Collins, located in St. Clair County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assesses homes to determine this value, and the property tax rate is then applied to the assessed value to calculate the tax bill. For example, with a median home price of $39,350, homeowners can expect varying tax bills. The 25th percentile tax bill stands at $174, while the 75th percentile tax bill reaches $549. The highest median tax bill in the area is $306, found in the 64738 zip code. These figures illustrate the range of property tax obligations residents might face. Several factors influence the final tax bill, including property location, assessed value, and applicable local tax rates. For homeowners, understanding these components is crucial, as property taxes can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, residents in Collins may find their tax rates relatively manageable, yet it's essential to stay informed and proactive about assessments and potential appeals.
Average Collins Tax Bill
$306
Average St. Clair County Tax Bill
$244
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Collins, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64738 | $112 | $174 | $306 | $549 | $869 |
Source: Ownwell