Ballwin, Missouri Property Taxes
The median property tax rate in Ballwin, MO is 0.87%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Ballwin at $152,900, the typical annual property tax bill amounts to $1,334, significantly less than the national median of $2,690. Property taxes in Ballwin are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ballwin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ballwin or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ballwin, 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 Ballwin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ballwin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ballwin 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 Ballwin, Missouri
Property taxes in Ballwin, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ballwin is 1.27%, significantly higher than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Ballwin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ballwin 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 Ballwin's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63011 zip code has the highest median property tax rate of 1.29%, while the 63021 zip code has the lowest median tax rate of 1.24%. Understanding how these cities compare with Ballwin provides valuable insights into the varying tax landscape across St. Louis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ballwin Tax Rate
0.87%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ballwin, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63011 | 0.85% | 0.87% | 0.89% | 0.93% | 0.95% |
| 63021 | 0.80% | 0.83% | 0.84% | 0.92% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Ballwin, Missouri
In Ballwin, 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 Morgan 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 Ballwin, 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 Ballwin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $1,489 in the 63021 zip code, while the lowest median tax bill is $1,178 in the 63011 zip code.
Average Ballwin Assessed Value
$152,900
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ballwin, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63011 | $28,720 | $70,600 | $140,400 | $152,900 | $160,400 |
| 63021 | $6,100 | $54,900 | $168,700 | $258,800 | $341,940 |
Source: Ownwell
Property Tax Bills Across Ballwin, Missouri
In Ballwin, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $152,900, the assessed value is determined by local assessment practices. The tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location within the city and any applicable exemptions or deductions. Homeowners in Ballwin experience a range of tax bills, with the 25th percentile paying around $282 and the 75th percentile paying about $1,687. At the 90th percentile, the tax bill can reach up to $2,650. Comparatively, the highest median tax bill in the area is $1,489 in the 63021 zip code, while the lowest is $1,178 in the 63011 zip code. These variations can significantly impact homeowners, affecting their monthly budgets and long-term financial planning, especially when compared to the national median property tax rate of 0.99%.
Average Ballwin Tax Bill
$1,334
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ballwin, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63011 | $241 | $593 | $1,178 | $1,391 | $1,519 |
| 63021 | $51 | $514 | $1,489 | $2,159 | $2,792 |
Source: Ownwell