Robertsville, Missouri Property Taxes
The median property tax rate in Robertsville, MO is 1.32%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Robertsville at $150,805, the typical annual property tax bill reaches $1,943, exceeding the national median of $2,690. Property taxes in Robertsville 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 Robertsville'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 Robertsville 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
Robertsville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,991
Ownwell’s Robertsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Robertsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Robertsville 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 Robertsville, Missouri
Property taxes in Robertsville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Robertsville is 1.32%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Robertsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Robertsville 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 Robertsville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63072 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Robertsville provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Robertsville Tax Rate
1.32%
Average Franklin County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Robertsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63072 | 1.07% | 1.10% | 1.32% | 1.34% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Robertsville, Missouri
In Robertsville, 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 Franklin 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 Robertsville, 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 Robertsville is $150,805, with tax bills ranging from $1,057 at the 25th percentile to $3,240 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,943, found in the 63072 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Robertsville Assessed Value
$150,805
Average Franklin County Assessed Value
$143,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Robertsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63072 | $32,804 | $79,920 | $150,805 | $200,508 | $262,167 |
Source: Ownwell
Property Tax Bills Across Robertsville, Missouri
In Robertsville, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Franklin County can expect their tax rates to be influenced by local government budgets, school district funding, and public service needs. For instance, the median home price in Robertsville is $150,805, and the median property tax rate is 0.99%, aligning with the national median. This results in a typical tax bill around $1,493 annually. However, tax bills can vary significantly. At the 25th percentile, homeowners might pay around $1,057, while those at the 75th percentile could see bills as high as $2,560. The highest tax bills, at the 90th percentile, can reach up to $3,240. These variations depend on the specific assessed value of the property and any applicable exemptions or deductions. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Robertsville Tax Bill
$1,943
Average Franklin County Tax Bill
$1,687
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Robertsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63072 | $484 | $1,057 | $1,943 | $2,560 | $3,240 |
Source: Ownwell