Cedar Hill, Missouri Property Taxes
The median property tax rate in Cedar Hill, MO is 1.25%, 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 $87, which is significantly lower than 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
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
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 1.25%, 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 regions and the national median. For comparison, the zip code 63016 has the highest median property tax rate of 1.25%, while the same zip code also represents the lowest median tax rate of 1.25%. Understanding how these areas compare with Cedar Hill provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Hill Tax Rate
1.25%
Average Morgan County Tax Rate
0.87%
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 | 1.14% | 1.18% | 1.25% | 1.32% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Hill, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cedar Hill, Missouri. The market value represents 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. Assessment notices in Cedar Hill 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. For instance, zip codes with the highest tax bills can see amounts around $134, while those with the lowest can be as low as $57. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cedar Hill Assessed Value
$7,550
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 Cedar Hill, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63016 | $3,110 | $4,775 | $7,550 | $10,325 | $11,990 |
Source: Ownwell
Property Tax Bills Across Cedar Hill, Missouri
In Cedar Hill, Morgan County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For homeowners in Cedar Hill, the median home price is $7,550, and property tax bills can vary significantly. At the 25th percentile, tax bills are around $57, while at the 75th percentile, they rise to approximately $116. The 90th percentile sees tax bills reaching up to $134. These figures indicate a range of tax liabilities depending on the value of the property. Compared to the national median property tax rate of 0.99%, Cedar Hill's tax rates can be relatively modest, making it an attractive location for homeowners looking for lower property tax burdens. However, it's essential for homeowners to understand how their property's assessed value and the local tax rate will impact their annual tax bill.
Average Cedar Hill Tax Bill
$87
Average Morgan County Tax Bill
$420
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 | $40 | $57 | $87 | $116 | $134 |
Source: Ownwell