Eureka, Missouri Property Taxes
The median property tax rate in Eureka, 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 Eureka at $248,500, the typical annual property tax bill reaches $3,244, exceeding the national median of $2,690. Property taxes in Eureka 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 Eureka'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 Eureka 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
Eureka, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$3,554
Ownwell’s Eureka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eureka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eureka 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 Eureka, Missouri
Property taxes in Eureka, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eureka is 1.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within Eureka set these rates annually, and they can vary across different neighborhoods. Each year, Eureka 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 Eureka's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63025 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 Eureka 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 Eureka 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 Eureka, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63025 | 1.22% | 1.33% | 1.43% | 1.45% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Eureka, Missouri
In Eureka, 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 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 Eureka, 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 Eureka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Eureka, the zip code with the highest median tax bill is 63025, where the median tax bill is $3,244. The same zip code also has the lowest median tax bill, highlighting the variability in property values and tax burdens within the area.
Average Eureka Assessed Value
$248,500
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 Eureka, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63025 | $78,100 | $162,200 | $248,500 | $334,500 | $413,000 |
Source: Ownwell
Property Tax Bills Across Eureka, Missouri
In Eureka, Jefferson County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the home's market value, assessment ratio, and the specific tax rate set by local authorities. For instance, a home with a median market value of $248,500 in Eureka might have varying tax bills. The 25th percentile tax bill is approximately $2,022, while the 75th percentile is around $4,503, and the 90th percentile reaches $5,457. These variations reflect differences in property values and applicable exemptions or deductions. Homeowners in Eureka face property tax rates that can significantly impact their annual expenses. Comparing these figures to the national median property tax rate of 0.99%, Eureka's property tax rates can be seen as relatively moderate, though individual bills can vary widely based on property value assessments.
Average Eureka Tax Bill
$3,244
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Eureka, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63025 | $855 | $2,022 | $3,244 | $4,503 | $5,457 |
Source: Ownwell