Florissant, Missouri Property Taxes
The median property tax rate in Florissant, MO is 0.90%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $22,800 in Florissant, the typical annual property tax bill amounts to $177, significantly below the national median of $2,690. Property taxes in Florissant are based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Florissant's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're situated in the heart of Florissant or another area within Morgan County, familiarizing yourself with the local property tax system can benefit both homeowners and real estate investors alike.
Last Updated June 14, 2024
Florissant, 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 Florissant Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Florissant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Florissant 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 Florissant, Missouri
Property taxes in Florissant, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Florissant is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities within Florissant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Florissant 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 Florissant's effective property tax rate to other areas in Morgan County and the national median. For comparison, the 63034 zip code has the highest median property tax rate of 0.92%, while the 63033 zip code has the lowest median tax rate of 0.90%. Understanding how these areas compare with Florissant 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 Florissant Tax Rate
0.90%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Florissant, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63031 | 0.68% | 0.79% | 0.90% | 0.93% | 1.37% |
| 63033 | 0.80% | 0.90% | 0.90% | 0.95% | 1.12% |
| 63034 | 0.89% | 0.90% | 0.92% | 0.95% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Florissant, Missouri
In Florissant, 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 Florissant, 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. Florissant's median home price is $22,800, with the 25th percentile tax bill at $49 and the 75th percentile at $1,101. The highest median tax bill in the area is $1,002 in the 63034 zip code, while the lowest is $149 in the 63031 zip code. 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 Florissant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Florissant Assessed Value
$22,800
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 Florissant, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63031 | $1,500 | $5,750 | $17,500 | $56,950 | $145,100 |
| 63033 | $2,300 | $15,200 | $91,700 | $135,050 | $153,000 |
| 63034 | $3,870 | $5,850 | $105,200 | $201,200 | $224,330 |
Source: Ownwell
Property Tax Bills Across Florissant, Missouri
In Florissant, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value typically represents a percentage of the property's market value, which is determined by local tax assessors. For instance, with a median home price of $22,800, the tax rates applied will vary, reflecting the property's assessed value and the local tax rate. Several factors influence the property tax bill, including the property's location within different zip codes. For example, in zip code 63034, the highest median tax bill reaches $1,002, whereas in zip code 63031, the lowest median tax bill is $149. Homeowners in Florissant may see their tax bills range significantly, from the 25th percentile at $49 to the 90th percentile at $1,783. These property tax bills directly affect homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Florissant Tax Bill
$177
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Florissant, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63031 | $31 | $50 | $149 | $362 | $1,359 |
| 63033 | $43 | $93 | $868 | $1,217 | $1,377 |
| 63034 | $35 | $72 | $1,002 | $1,751 | $2,049 |
Source: Ownwell