Cedar Hill, Missouri Property Taxes
The median property tax rate in Cedar Hill, MO is 1.43%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Cedar Hill, the typical annual property tax bill reaches $1,713, exceeding the national median of $2,690. Property taxes in Cedar Hill 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 Cedar Hill'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 Cedar Hill 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
Cedar Hill, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,776
Ownwell’s Cedar Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Hill 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 Cedar Hill, Missouri
Property taxes in Cedar Hill, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Hill is 1.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cedar Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Hill 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 Cedar Hill's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63016 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Cedar Hill 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 Cedar Hill Tax Rate
1.43%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63016 | 1.32% | 1.35% | 1.43% | 1.43% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Hill, Missouri
In Cedar Hill, 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 Cedar Hill, 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 Cedar Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cedar Hill are both $1,713, found in the 63016 zip code.
Average Cedar Hill Assessed Value
$124,200
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 Cedar Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63016 | $35,500 | $84,000 | $124,200 | $174,400 | $236,600 |
Source: Ownwell
Property Tax Bills Across Cedar Hill, Missouri
In Cedar Hill, located in Jefferson 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 Cedar Hill is $124,200. Property taxes are then determined by multiplying the assessed value by the local tax rate. Factors influencing the tax bill include the home's assessed value, local tax rates, and applicable exemptions or deductions. For homeowners in Cedar Hill, the property tax burden can vary significantly. The 25th percentile tax bill is about $1,174, while the 75th percentile tax bill reaches $2,332. At the 90th percentile, homeowners can expect a tax bill around $3,109. Comparatively, the national median property tax rate is 0.99%, putting Cedar Hill's rates into perspective. Understanding how these factors combine to determine the property tax bill helps homeowners plan their finances better. It also highlights the importance of accurately assessing property values and staying informed about local tax policies.
Average Cedar Hill Tax Bill
$1,713
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63016 | $491 | $1,174 | $1,713 | $2,332 | $3,109 |
Source: Ownwell