El Dorado Springs, Missouri Property Taxes
The median property tax rate in El Dorado Springs, MO is 0.92%, which is slightly lower than the national median of 0.99% and significantly below the Missouri state median of 1.20%. With a median home value of $62,300 in El Dorado Springs, the typical annual property tax bill amounts to $567, far less than the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding El Dorado Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of El Dorado Springs 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
El Dorado Springs, 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 El Dorado Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in El Dorado Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in El Dorado Springs 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 El Dorado Springs, Missouri
Property taxes in El Dorado Springs, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in El Dorado Springs is 0.92%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within El Dorado Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, El Dorado Springs 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 El Dorado Springs' effective property tax rate to other counties in Missouri and the national median. For comparison, the 64744 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with El Dorado Springs 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 El Dorado Springs Tax Rate
0.92%
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 El Dorado Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64744 | 0.75% | 0.83% | 0.92% | 1.00% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across El Dorado Springs, Missouri
In El Dorado Springs, 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 El Dorado Springs, 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. For instance, the highest median tax bill in the area is $567 in the 64744 zip code, while the lowest median tax bill is also $567 in the same zip code. 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 El Dorado Springs, Missouri
Source: Ownwell
$32,450
$98,975
$165,500
Average El Dorado Springs Assessed Value
$62,300
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 El Dorado Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64744 | $16,680 | $34,700 | $62,300 | $134,300 | $179,800 |
Source: Ownwell
Property Tax Bills Across El Dorado Springs, Missouri
In El Dorado Springs, located in St. Clair County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, the median home price in El Dorado Springs is $62,300. Property taxes are then determined by applying the local tax rate to this assessed value. Various factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in El Dorado Springs can expect a range in their property tax bills. The 25th percentile tax bill is approximately $264, while the 75th percentile tax bill is around $1,105. For those at the 90th percentile, the tax bill can reach up to $1,553. Notably, the median tax bill in the area is $567, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can be beneficial for homeowners, making El Dorado Springs an attractive location for those looking to manage their property expenses effectively.
Average El Dorado Springs Tax Bill
$567
Average St. Clair County Tax Bill
$244
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across El Dorado Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64744 | $158 | $264 | $567 | $1,105 | $1,553 |
Source: Ownwell