Saint Albans, Missouri Property Taxes
The median property tax rate in Saint Albans, MO is 1.25%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Saint Albans at $614,670, the typical annual property tax bill reaches $7,711, exceeding the national median of $2,690. Property taxes in Saint Albans 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 Saint Albans' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Albans 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
Saint Albans, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$7,683
Ownwell’s Saint Albans Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Albans with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Albans 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 Saint Albans, Missouri
Property taxes in Saint Albans, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Albans is 1.25%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Saint Albans set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Albans 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 Saint Albans' effective property tax rate to other regions in Missouri and the national median. For comparison, the 63073 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these areas compare with Saint Albans 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 Saint Albans Tax Rate
1.25%
Average Franklin County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Albans, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63073 | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Saint Albans, Missouri
In Saint Albans, 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 Assessor 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 Saint Albans 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 Saint Albans helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The ZIP code 63073 has a median tax bill of $7,711, which is a useful reference for understanding local tax expectations.
Average Saint Albans Assessed Value
$614,670
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 Saint Albans, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63073 | $374,222 | $482,030 | $614,670 | $765,710 | $979,122 |
Source: Ownwell
Property Tax Bills Across Saint Albans, Missouri
In Saint Albans, located in Franklin County, MO, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The local government determines the tax rate, known as the millage rate, which is then applied to the assessed value to calculate the tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions. For homeowners in Saint Albans, the median home price stands at $614,670. Property tax bills can vary significantly, with the 25th percentile at $6,031 and the 75th percentile at $9,581. At the higher end, the 90th percentile tax bill reaches $12,251. These figures highlight the substantial impact property taxes can have on household finances, especially when compared to the national median property tax rate of 0.99%. Homeowners in this region should be aware of these factors to better manage their financial planning and ensure they are not overpaying on their property taxes.
Average Saint Albans Tax Bill
$7,711
Average Franklin County Tax Bill
$1,687
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Albans, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63073 | $4,683 | $6,031 | $7,711 | $9,581 | $12,251 |
Source: Ownwell