Saint Peters, Missouri Property Taxes
The median property tax rate in Saint Peters, MO is 0.90%, 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 Saint Peters at $123,200, the typical annual property tax bill is $1,090, significantly below the national median of $2,690. Property taxes in Saint Peters 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 Saint Peters' 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 Peters 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 Peters, 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 PETERS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAINT PETERS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAINT PETERS 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 Peters, Missouri
Property taxes in Saint Peters, 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 Peters is 1.07%, which is higher than both the Missouri state median of 0.93% and the U.S. national median of 0.99%. Local government entities within Saint Peters set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Peters 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 Peters' effective property tax rate to other counties in Missouri and the national median. For comparison, the 63304 zip code has the highest median property tax rate of 1.10%, while the 63376 zip code has the lowest median tax rate of 1.05%. Understanding how these cities compare with Saint Peters provides valuable insights into the varying tax landscape across Saint Charles County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Peters 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 Saint Peters, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63304 | 0.86% | 0.88% | 0.92% | 0.97% | 0.99% |
| 63376 | 0.82% | 0.87% | 0.90% | 0.93% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Saint Peters, Missouri
In Saint Peters, 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 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 Saint Peters, 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. The median home price in Saint Peters is $123,200, with the highest median tax bill of $1,122 in the 63376 zip code and the lowest median tax bill of $726 in the 63304 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Peters Assessed Value
$123,200
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 Saint Peters, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63304 | $39,370 | $55,975 | $83,650 | $111,325 | $127,930 |
| 63376 | $6,000 | $60,200 | $124,550 | $164,500 | $192,700 |
Source: Ownwell
Property Tax Bills Across Saint Peters, Missouri
In Saint Peters, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is typically a percentage of the home's market value, which is determined by local assessors. For example, a home with a median price of $123,200 would have its assessed value calculated, and then the local tax rate is applied to this value to determine the tax bill. Factors such as property improvements, neighborhood trends, and local government budgets influence the assessed value and the tax rate. Homeowners in Saint Peters can expect their property tax bills to vary widely. The 25th percentile tax bill is $381, while the 75th percentile tax bill reaches $1,367, and the 90th percentile tax bill can go up to $1,729. This variation underscores the importance of understanding how local assessments and tax rates impact overall tax liabilities. Compared to the national median property tax rate of 0.99%, Saint Peters presents a diverse range of tax bills, affecting homeowners differently based on their property's assessed value and location.
Average Saint Peters Tax Bill
$1,090
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Peters, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63304 | $373 | $506 | $726 | $946 | $1,079 |
| 63376 | $74 | $543 | $1,122 | $1,415 | $1,736 |
Source: Ownwell