Montrose, Missouri Property Taxes
The median property tax rate in Montrose, MO is 0.82%, 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 Montrose at $124,500, the typical annual property tax bill amounts to $1,017, well below the national median of $2,690. Property taxes in Montrose are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Montrose'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 Montrose or another part of St. Clair County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Montrose, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,021
Ownwell’s Montrose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montrose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montrose 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 Montrose, Missouri
Property taxes in Montrose, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montrose is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Montrose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montrose 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. Understanding how Montrose's effective property tax rate compares to other areas provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Montrose Tax Rate
0.82%
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 Montrose, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64770 | 0.78% | 0.80% | 0.82% | 0.86% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Montrose, Missouri
In Montrose, 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 Assessor's Office 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 Montrose, 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. For instance, the median home price in Montrose is $124,500, with tax bills ranging from $504 at the 25th percentile to $1,665 at the 90th percentile. The zip code 64770 has the highest and lowest median tax bill of $1,017. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Montrose Assessed Value
$124,500
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 Montrose, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64770 | $33,280 | $60,550 | $124,500 | $177,400 | $184,780 |
Source: Ownwell
Property Tax Bills Across Montrose, Missouri
In Montrose, located in St. Clair County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $124,500, various factors such as property location, home improvements, and local tax levies are considered. Homeowners in Montrose experience a range of property tax bills. At the 25th percentile, the tax bill is around $504, while the 75th percentile sees bills up to $1,495. The highest tax bills, at the 90th percentile, can reach $1,665. This variation affects homeowners differently, with those in higher brackets contributing more to local services and infrastructure. Compared to the national median property tax rate of 0.99%, Montrose's property tax rates reflect the local economic conditions and funding needs. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Montrose Tax Bill
$1,017
Average St. Clair County Tax Bill
$244
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Montrose, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64770 | $271 | $504 | $1,017 | $1,495 | $1,665 |
Source: Ownwell