Chestnutridge, Missouri Property Taxes
The median property tax rate in Chestnut Ridge, MO is 1.13%, 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 $90,000 in Chestnut Ridge, the typical annual property tax bill amounts to $554, which is significantly below the national median of $2,690. Property taxes in Chestnut Ridge are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chestnut Ridge's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Chestnut Ridge 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
Chestnutridge, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,017
Ownwell’s Chestnut Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chestnut Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chestnut Ridge 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 Chestnutridge, Missouri
Property taxes in Chestnutridge, Missouri, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Chestnutridge is 1.13%, which is higher than the U.S. national median of 0.99%. Local government entities within Chestnutridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chestnutridge 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 Chestnutridge's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65630 zip code has the highest median property tax rate of 1.13%, while the lowest median tax rate is also 1.13%. Understanding how these cities compare with Chestnutridge provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chestnutridge Tax Rate
1.13%
Average Taney County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chestnutridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65630 | 0.51% | 0.88% | 1.13% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Chestnutridge, Missouri
In Chestnutridge, 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 Taney County Assessor's Office 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 Chestnutridge, 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. The median home price here is $90,000, with tax bills ranging from $452 at the 25th percentile to $5,747 at the 90th percentile. Notably, the highest and lowest median tax bills are both found in the 65630 zip code, each at $554. By understanding 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 Chestnutridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chestnutridge Assessed Value
$90,000
Average Taney County Assessed Value
$44,055
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chestnutridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65630 | $25,300 | $49,000 | $90,000 | $390,820 | $549,145 |
Source: Ownwell
Property Tax Bills Across Chestnutridge, Missouri
In Chestnut Ridge, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. For instance, with a median home price of $90,000, the assessed value is determined by local tax authorities. The tax rate in Chestnut Ridge, part of Taney County, influences the final tax bill amount. Homeowners can expect tax bills to vary widely; at the 25th percentile, bills are around $452, while at the 75th percentile, they can reach up to $4,029. The highest median tax bill in the area stands at $554.00, which is relatively modest compared to the national median property tax rate of 0.99%. Several factors affect the tax bill, including property improvements, neighborhood developments, and changes in local tax rates. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these elements is crucial for homeowners to anticipate their annual property tax obligations accurately.
Average Chestnutridge Tax Bill
$554
Average Taney County Tax Bill
$449
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Chestnutridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65630 | $232 | $452 | $554 | $4,029 | $5,747 |
Source: Ownwell