Caledonia, Missouri Property Taxes
The median property tax rate in Caledonia, MO is 1.00%, closely aligning with the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $58,740 in Caledonia, the typical annual property tax bill amounts to $570, which is significantly below the national median of $2,690. Property taxes in Caledonia are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Caledonia'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 Caledonia or another part of Washington County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caledonia, 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 Caledonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caledonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caledonia 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 Caledonia, Missouri
Property taxes in Caledonia, Missouri, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Caledonia is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Caledonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caledonia 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 Caledonia's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63631 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Caledonia provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caledonia Tax Rate
1.00%
Average Washington County Tax Rate
0.96%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caledonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63631 | 0.89% | 0.95% | 1.00% | 1.03% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Caledonia, Missouri
In Caledonia, 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 local county appraisal district 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 Caledonia, 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 in Caledonia is $58,740, with tax bills ranging from $311 at the 25th percentile to $1,592 at the 90th percentile. 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 Caledonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Caledonia Assessed Value
$58,740
Average Washington County Assessed Value
$37,210
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caledonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63631 | $18,082 | $31,485 | $58,740 | $98,720 | $165,880 |
Source: Ownwell
Property Tax Bills Across Caledonia, Missouri
In Caledonia, Washington County, MO, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. For instance, with a median home price of $58,740, the assessed value is used to calculate the property tax bill. The property tax rate in this region is compared to the national median rate of 0.99%, and it influences the final tax amount due. Several factors contribute to determining the tax bill, including property characteristics, local tax rates, and any applicable exemptions. Homeowners in Caledonia can expect tax bills that vary widely. For example, the 25th percentile tax bill is around $311, while the 75th percentile reaches $968, and the 90th percentile can be as high as $1,592. These variations can significantly impact homeowners, affecting their overall housing costs and financial planning. The highest and lowest median tax bills in the area are both recorded at $570 in the 63631 zip code, emphasizing the importance of understanding local property tax assessments.
Average Caledonia Tax Bill
$570
Average Washington County Tax Bill
$361
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Caledonia, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63631 | $173 | $311 | $570 | $968 | $1,592 |
Source: Ownwell