Saint Charles, Missouri Property Taxes
The median property tax rate in Saint Charles, MO is 0.93%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in Saint Charles at $119,900, the typical annual property tax bill is $1,055, which is also well below the national median of $2,690. Property taxes in Saint Charles are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Saint Charles'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 Saint Charles 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
Saint Charles, 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 Saint Charles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Charles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Charles 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 Saint Charles, Missouri
Property taxes in Saint Charles, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Charles is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Saint Charles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Charles 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 Saint Charles's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63303 has the highest median property tax rate of 0.93%, while zip code 63304 has the lowest median tax rate of 0.87%. Understanding how these areas compare with Saint Charles 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 Saint Charles Tax Rate
0.93%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Charles, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63301 | 0.84% | 0.88% | 0.93% | 0.99% | 1.50% |
| 63303 | 0.85% | 0.86% | 0.93% | 0.98% | 2.56% |
| 63304 | 0.74% | 0.85% | 0.87% | 0.93% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Saint Charles, Missouri
In SAINT CHARLES, 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. 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 SAINT CHARLES helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,186 in zip code 63301, while the lowest median tax bill is $587 in zip code 63304.
Average Saint Charles Assessed Value
$119,900
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 Saint Charles, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63301 | $4,300 | $14,000 | $126,300 | $175,550 | $187,800 |
| 63303 | $4,480 | $17,300 | $66,100 | $150,650 | $213,460 |
| 63304 | $3,200 | $19,000 | $69,400 | $143,000 | $193,980 |
Source: Ownwell
Property Tax Bills Across Saint Charles, Missouri
In Saint Charles, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, the median home price is $119,900. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and improvements, as well as local tax rates set by various taxing authorities. Homeowners in Saint Charles can expect a range of property tax bills. At the 25th percentile, the tax bill is around $154, while those at the 75th percentile pay approximately $1,465. The highest median tax bill in the area is $1,186, found in the 63301 zip code, whereas the lowest median tax bill is $587 in the 63304 zip code. These variations significantly impact homeowners, as higher tax bills can affect affordability and overall financial planning. Compared to the national median property tax rate of 0.99%, Saint Charles offers a varied landscape for property tax obligations.
Average Saint Charles Tax Bill
$1,055
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Charles, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63301 | $81 | $154 | $1,186 | $1,465 | $1,669 |
| 63303 | $84 | $200 | $670 | $1,360 | $1,993 |
| 63304 | $55 | $142 | $587 | $1,248 | $1,750 |
Source: Ownwell