Deepwater, Missouri Property Taxes
The median property tax rate in Deepwater, MO is 1.05%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $32,450, the typical annual property tax bill in Deepwater amounts to $341, which is significantly below the national median of $2,690. Property taxes in Deepwater are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Deepwater's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Deepwater or another part of St. Clair County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deepwater, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$341
Ownwell’s Deepwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deepwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deepwater 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 Deepwater, Missouri
Property taxes in Deepwater, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deepwater is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Deepwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deepwater 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 Deepwater's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64740 zip code has the highest median property tax rate of 1.05%, while the 64740 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Deepwater provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deepwater Tax Rate
1.05%
Average St. Clair County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deepwater, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64740 | 0.77% | 0.90% | 1.05% | 1.06% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Deepwater, Missouri
In Deepwater, 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 St. Clair 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 Deepwater, 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 Deepwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $341.00, found in the zip code 64740.
Average Deepwater Assessed Value
$32,450
Average St. Clair County Assessed Value
$27,650
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deepwater, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64740 | $12,110 | $19,175 | $32,450 | $66,225 | $134,620 |
Source: Ownwell
Property Tax Bills Across Deepwater, Missouri
In Deepwater, located in St. Clair County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Deepwater is $32,450. The property tax rate in this region, like elsewhere, is applied to the assessed value to determine the annual tax bill. For example, the tax bill for the 25th percentile is $182, while the 75th percentile tax bill is $693, and the 90th percentile tax bill can reach up to $1,145. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in Deepwater with properties in the zip code 64740 see a median tax bill of $341, the highest in the area. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Comparing this to the national median property tax rate of 0.99%, Deepwater's property taxes can be considered relatively moderate, providing a balance between affordability and community benefits.
Average Deepwater Tax Bill
$341
Average St. Clair County Tax Bill
$244
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Deepwater, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64740 | $106 | $182 | $341 | $693 | $1,145 |
Source: Ownwell