High Ridge, Missouri Property Taxes
The median property tax rate in High Ridge, MO is 1.36%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in High Ridge at $116,050, the typical annual property tax bill reaches $1,581, which is below the national median of $2,690. Property taxes in High Ridge 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 High Ridge'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 High Ridge or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
High Ridge, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s High Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in High Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High Ridge 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 High Ridge, Missouri
Property taxes in High Ridge, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in High Ridge is 1.36%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within High Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, High Ridge 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 High Ridge's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63049 zip code has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these cities compare with High Ridge 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 High Ridge Tax Rate
1.36%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across High Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63049 | 1.27% | 1.36% | 1.36% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across High Ridge, Missouri
In High Ridge, 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 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 High Ridge, 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 High Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in High Ridge is $116,050, with median tax bills ranging from $1,229 at the 25th percentile to $3,637 at the 90th percentile. The highest and lowest median tax bills are both $1,581 in the 63049 zip code.
Average High Ridge Assessed Value
$116,050
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 High Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63049 | $76,770 | $90,300 | $116,050 | $196,375 | $272,490 |
Source: Ownwell
Property Tax Bills Across High Ridge, Missouri
Property tax bills in High Ridge, Jefferson County, MO, are calculated based on the assessed value of a property, which is a percentage of its market value. In this region, the median home price is $116,050. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value, and consequently, the tax bill. Homeowners in High Ridge experience a range of property tax bills. For instance, the 25th percentile tax bill is $1,229, while the 75th percentile reaches $2,616, and the 90th percentile climbs to $3,637. The highest median tax bill in the area is $1,581. These tax obligations can significantly impact homeowners' financial planning and budgeting. Compared to the national median property tax rate of 0.99%, the rates in High Ridge can vary, influencing how much residents ultimately pay. Understanding these factors helps homeowners anticipate their annual tax responsibilities and manage their finances more effectively.
Average High Ridge Tax Bill
$1,581
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across High Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63049 | $1,042 | $1,229 | $1,581 | $2,616 | $3,637 |
Source: Ownwell