Kendall Park, Missouri Property Taxes
The median property tax rate in Kendall Park, MO is 0.90%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $7,200 in Kendall Park, the typical annual property tax bill amounts to $65, significantly below the national median of $2,690. Property taxes in Kendall Park are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kendall Park'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 Kendall Park 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
Kendall Park, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$65
Ownwell’s Kendall Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kendall Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kendall Park 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 Kendall Park, Missouri
Property taxes in Kendall Park, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kendall Park is 0.90%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Kendall Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kendall Park 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 Kendall Park's effective property tax rate to other counties in Missouri and the national median. For comparison, the 08824 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Kendall Park 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 Kendall Park 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 Kendall Park, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08824 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Kendall Park, Missouri
In Kendall Park, 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 Assessor's Office 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 Kendall Park, 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 Kendall Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kendall Park is $7,200, with tax bills at the 25th, 75th, and 90th percentiles all at $65.
Average Kendall Park Assessed Value
$7,200
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 Kendall Park, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08824 | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 |
Source: Ownwell
Property Tax Bills Across Kendall Park, Missouri
In Kendall Park, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio to arrive at the assessed value. This assessed value is then subjected to the local tax rate, which varies within the county. For homeowners in Kendall Park, the median home price is relatively low at $7,200. Consequently, the property tax bills are also quite modest. The 25th, 75th, and 90th percentiles of tax bills all stand at $65, indicating a consistent tax rate across different property values. Compared to the national median property tax rate of 0.99%, Kendall Park's property taxes are significantly lower, providing financial relief to homeowners. These low property tax bills can make homeownership more affordable, allowing residents to allocate their finances to other needs or investments. However, it's essential for homeowners to stay informed about any changes in assessment methods or tax rates that might impact their future tax liabilities.
Average Kendall Park Tax Bill
$65
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Kendall Park, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08824 | $65 | $65 | $65 | $65 | $65 |
Source: Ownwell