Saginaw, Missouri Property Taxes
The median property tax rate in Saginaw, MO is 1.20%, aligning with the state median but notably higher than the national median of 0.99%. With a median home value of $58,300 in Saginaw, the typical annual property tax bill is about $700, which is significantly lower than the national median of $2,690. Property taxes in Saginaw are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Saginaw'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 Saginaw 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
Saginaw, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$700
Ownwell’s Saginaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saginaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saginaw 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 Saginaw, Missouri
Property taxes in Saginaw, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saginaw is 1.20%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Saginaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saginaw 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 Saginaw's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64864 ZIP code has the highest median property tax rate of 1.20%, while the same ZIP code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Saginaw provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saginaw Tax Rate
1.20%
Average Newton County Tax Rate
1.09%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saginaw, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64864 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Saginaw, Missouri
In Saginaw, 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 Newton 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 Saginaw, 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 Saginaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, zip code 64864 has the highest and lowest median tax bill, both at $700, offering a unique perspective on property tax distribution in the area.
Average Saginaw Assessed Value
$58,300
Average Newton County Assessed Value
$71,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saginaw, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64864 | $58,300 | $58,300 | $58,300 | $58,300 | $58,300 |
Source: Ownwell
Property Tax Bills Across Saginaw, Missouri
In Saginaw, Newton County, MO, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which in Saginaw is influenced by factors such as the median home price, currently $58,300. Local tax rates are then applied to this assessed value to determine the annual tax bill. Homeowners in Saginaw typically see a tax bill around $700, which is consistent across various percentiles, indicating a relatively uniform tax rate within the area. This uniformity can provide homeowners with a predictable tax expense, aiding in financial planning. Compared to the national median property tax rate of 0.99%, Saginaw's property tax rate appears to be relatively moderate. Understanding these factors helps homeowners anticipate their tax liabilities and manage their budgets effectively. The relatively stable tax bills in Saginaw reflect a balanced approach to property taxation, ensuring that homeowners are not overly burdened.
Average Saginaw Tax Bill
$700
Average Newton County Tax Bill
$791
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saginaw, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64864 | $700 | $700 | $700 | $700 | $700 |
Source: Ownwell