Friedheim, Missouri Property Taxes
The median property tax rate in Friedheim, MO is 0.94%, 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 $102,155 in Friedheim, the typical annual property tax bill is approximately $900, which is well under the national median of $2,690. Property taxes in Friedheim are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Friedheim'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 Friedheim or another part of Cape Girardeau County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Friedheim, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$960
Ownwell’s Friedheim Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Friedheim with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Friedheim to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. For those interested in more detailed insights at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Cape Girardeau County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Friedheim, Missouri
Property taxes in Friedheim, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Friedheim is 0.94%, which is slightly below the U.S. national median of 0.99%. Local government entities within Friedheim set these rates annually, and they can vary significantly across different neighborhoods. Each year, Friedheim 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 Friedheim's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63747 has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with Friedheim provides valuable insights into the varying tax landscape across Cape Girardeau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Friedheim Tax Rate
0.94%
Average Cape Girardeau County Tax Rate
0.97%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Friedheim, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63747 | 0.73% | 0.84% | 0.94% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Friedheim, Missouri
In Friedheim, 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 Cape Girardeau 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. Assessment notices in Friedheim 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 Friedheim helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $900 in the 63747 zip code, providing a benchmark for property owners in this region.
Average Friedheim Assessed Value
$102,155
Average Cape Girardeau County Assessed Value
$116,512
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Friedheim, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63747 | $46,681 | $71,343 | $102,155 | $169,120 | $247,672 |
Source: Ownwell
Property Tax Bills Across Friedheim, Missouri
In Friedheim, located in Cape Girardeau County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. For homeowners, this means that the amount they owe in property taxes is directly tied to the value of their home. The median home price in Friedheim is $102,155, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the home's assessed value, applicable exemptions, and the local tax rate. The tax bills in Friedheim vary significantly, with the 25th percentile at $597 and the 75th percentile at $1560. The 90th percentile tax bill can go up to $2293, indicating that higher-value properties or those without exemptions face steeper taxes. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Friedheim to understand how their local rates and home values affect their annual tax obligations.
Average Friedheim Tax Bill
$900
Average Cape Girardeau County Tax Bill
$1,109
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Friedheim, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63747 | $379 | $597 | $900 | $1,560 | $2,293 |
Source: Ownwell