Edgerton, Missouri Property Taxes
The median property tax rate in Edgerton, MO is 1.29%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Edgerton, the typical annual property tax bill reaches $3,337, exceeding the national median of $2,690. Property taxes in Edgerton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Edgerton'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 Edgerton 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
Edgerton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$3,211
Ownwell's Edgerton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Edgerton with just two key data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Edgerton to project your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Edgerton, Missouri
Property taxes in Edgerton, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edgerton is 1.29%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Edgerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edgerton 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 Edgerton's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64444 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Edgerton provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edgerton Tax Rate
1.29%
Average Clinton County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edgerton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64444 | 1.17% | 1.23% | 1.29% | 1.33% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Edgerton, Missouri
In Edgerton, 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 Clinton 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 Edgerton, 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 Edgerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,337 in the 64444 zip code, while the lowest median tax bill is also $3,337 in the same zip code.
Average Edgerton Assessed Value
$248,884
Average Clinton County Assessed Value
$146,110
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edgerton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64444 | $134,480 | $163,800 | $248,884 | $353,402 | $394,514 |
Source: Ownwell
Property Tax Bills Across Edgerton, Missouri
In Edgerton, located in Clinton County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Edgerton is $248,884. The property tax rate in Missouri is generally lower than the national median rate of 0.99%, but it varies by county and municipality. Factors such as the property's location within the county, local school district levies, and other municipal services contribute to the final tax bill. For homeowners in Edgerton, the 25th percentile tax bill is $2,099, while those in the 75th percentile pay around $4,364. The 90th percentile tax bill can go up to $4,837, reflecting the significant impact of higher-value properties and additional levies. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly. With the highest and lowest median tax bills both reported at $3,337 in the 64444 zip code, residents can expect some consistency in their tax assessments within this area.
Average Edgerton Tax Bill
$3,337
Average Clinton County Tax Bill
$2,005
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Edgerton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64444 | $1,720 | $2,099 | $3,337 | $4,364 | $4,837 |
Source: Ownwell