Arnold, Missouri Property Taxes
The median property tax rate in Arnold, MO is 1.35%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Arnold, the typical annual property tax bill reaches $1,673, which is below the national median of $2,690. Property taxes in Arnold 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 Arnold'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 Arnold 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
Arnold, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,670
Ownwell’s Arnold Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arnold with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arnold 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 Arnold, Missouri
Property taxes in Arnold, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arnold is 1.35%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Arnold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arnold 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 Arnold's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63010 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these areas compare with Arnold provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arnold Tax Rate
1.35%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arnold, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63010 | 1.26% | 1.34% | 1.35% | 1.35% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Arnold, Missouri
In Arnold, 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 Jefferson County Assessor’s Office 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 Arnold, 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. Arnold's median home price is $123,700, with the 25th percentile tax bill at $1,247 and the 75th percentile tax bill at $2,395. The highest and lowest median tax bills are both $1,673 in the 63010 zip code. Being aware of these valuation processes in Arnold helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arnold Assessed Value
$123,700
Average Jefferson County Assessed Value
$133,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arnold, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63010 | $77,600 | $92,600 | $123,700 | $181,550 | $255,600 |
Source: Ownwell
Property Tax Bills Across Arnold, Missouri
In Arnold, located in Jefferson County, MO, property tax bills are determined based on the assessed value of a homeowner's property, which is derived from the market value. The county assessors evaluate properties to determine their market value, and then apply an assessment ratio to calculate the assessed value. For residential properties, the assessment ratio is typically a percentage of the market value. Once the assessed value is established, local tax rates, known as millage rates, are applied to calculate the property tax bill. These rates are set by various taxing authorities, including the county, school districts, and other local entities. The total tax rate is a sum of these individual rates. Homeowners in Arnold experience varying tax bills depending on their property's market value and the applicable tax rates. For instance, the median home price in Arnold is $123,700, with tax bills ranging from $1,247 at the 25th percentile to $3,336 at the 90th percentile. This variability significantly impacts homeowners, influencing their annual financial planning and overall affordability of homeownership in the region.
Average Arnold Tax Bill
$1,673
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Arnold, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63010 | $1,048 | $1,247 | $1,673 | $2,395 | $3,336 |
Source: Ownwell