Festus, Missouri Property Taxes
The median property tax rate in Festus, MO is 0.99%, aligning with the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value in Festus of $27,615, the typical annual property tax bill is $277, which is significantly below the national median of $2,690. Property taxes in Festus are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural use. Understanding Festus'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 Festus or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Festus, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$273
Ownwell’s Festus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Festus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Festus 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 Festus, Missouri
Property taxes in Festus, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Festus is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Festus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Festus 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 Festus's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63028 zip code has the highest median property tax rate of 0.99%, while the same zip code also reflects the lowest median tax rate of 0.99%. Understanding how these cities compare with Festus provides valuable insights into the varying tax landscape across St. Francois County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Festus Tax Rate
0.99%
Average St. Francois County Tax Rate
1.00%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Festus, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63028 | 0.98% | 0.98% | 0.99% | 1.00% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Festus, Missouri
In Festus, 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. Francois 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 Festus, 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 Festus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Festus is $27,615, with the highest and lowest median tax bills both being $277 in the 63028 zip code.
Average Festus Assessed Value
$27,615
Average St. Francois County Assessed Value
$72,730
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Festus, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63028 | $18,579 | $22,058 | $27,615 | $36,835 | $46,906 |
Source: Ownwell
Property Tax Bills Across Festus, Missouri
In Festus, located in St. Francois County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value of the property, which is determined by the county assessor. Homeowners in Festus see a range of property tax bills, with the 25th percentile paying around $216, while those in the 75th percentile pay approximately $372. At the 90th percentile, tax bills can reach up to $466. The median home price in Festus is $27,615, and the property tax rate in the area is influenced by local government budgets and public service funding needs. This local rate can be compared to the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial, as property taxes directly impact annual housing costs. Keeping abreast of changes in assessed values and tax rates can help homeowners anticipate and manage their financial obligations effectively.
Average Festus Tax Bill
$277
Average St. Francois County Tax Bill
$732
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Festus, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63028 | $184 | $216 | $277 | $372 | $466 |
Source: Ownwell