Coatsville, Missouri Property Taxes
The median property tax rate in Coatsville, MO is 1.22%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Coatsville at $119,220, the typical annual property tax bill reaches $1,435, exceeding the national median of $2,690. Property taxes in Coatsville 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 Coatsville'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 Coatsville 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
Coatsville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,454
Ownwell’s Coatsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coatsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coatsville 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 Coatsville, Missouri
Property taxes in Coatsville, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coatsville is 0.79%, lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Coatsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coatsville 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 Coatsville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64646 zip code in Putnam County has the highest median property tax rate of 1.54%, while the 63535 zip code in Putnam County has the lowest median tax rate of 0.79%. Understanding how these cities compare with Coatsville provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coatsville Tax Rate
1.22%
Average Putnam County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coatsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63535 | 1.17% | 1.19% | 1.22% | 1.24% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Coatsville, Missouri
In Coatsville, 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 Putnam 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 Coatsville, 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 Coatsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 63535, at $1435, while the lowest is also 63535, reflecting the same amount.
Average Coatsville Assessed Value
$119,220
Average Putnam County Assessed Value
$54,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coatsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63535 | $97,988 | $105,950 | $119,220 | $132,490 | $140,452 |
Source: Ownwell
Property Tax Bills Across Coatsville, Missouri
In Coatsville, located in Putnam County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. Homeowners in Coatsville can expect varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $1,305, while at the 75th percentile, it rises to $1,565. The highest tax bills, around the 90th percentile, can reach $1,643. These figures are relatively high compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Coatsville Tax Bill
$1,435
Average Putnam County Tax Bill
$636
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Coatsville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63535 | $1,227 | $1,305 | $1,435 | $1,565 | $1,643 |
Source: Ownwell