Steelville, Missouri Property Taxes
The median property tax rate in Steelville, MO is 0.93%, slightly below the national median of 0.99% and significantly lower than Missouri's state median of 1.20%. With a median home value of $72,900 in Steelville, the typical annual property tax bill is $674, well below the national median of $2,690. Property taxes in Steelville 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 Steelville'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 Steelville or another part of Crawford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Steelville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$678
Ownwell’s Steelville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Steelville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Steelville 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 Steelville, Missouri
Property taxes in Steelville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Steelville is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Steelville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Steelville 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 Steelville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65565 zip code has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Steelville provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Steelville Tax Rate
0.93%
Average Crawford County Tax Rate
0.89%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Steelville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65565 | 0.86% | 0.91% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Steelville, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Steelville, Crawford County, Missouri. 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 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 Steelville, 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. For instance, the median home price in Steelville is $72,900, with tax bills ranging from $393 at the 25th percentile to $1,551 at the 90th percentile. The highest and lowest median tax bills are both $674, found in the 65565 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Steelville Assessed Value
$72,900
Average Crawford County Assessed Value
$81,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Steelville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65565 | $20,060 | $42,100 | $72,900 | $114,400 | $166,600 |
Source: Ownwell
Property Tax Bills Across Steelville, Missouri
In Steelville, located in Crawford County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, the median home price in Steelville is $72,900. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Steelville can expect tax bills that vary significantly. At the 25th percentile, the tax bill is $393, while at the 75th percentile, it reaches $1062. For those in the 90th percentile, the tax bill can be as high as $1551. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates and home values impact the overall tax burden. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Steelville Tax Bill
$674
Average Crawford County Tax Bill
$745
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Steelville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65565 | $200 | $393 | $674 | $1,062 | $1,551 |
Source: Ownwell