Schell City, Missouri Property Taxes
The median property tax rate in Schell City, MO is 1.15%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $47,000, the typical annual property tax bill in Schell City is $621, which is significantly below the national median of $2,690. Property taxes in Schell City 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 Schell City'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 Schell City 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
Schell City, 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 Schell City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Schell City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Schell City 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 Schell City, Missouri
Property taxes in Schell City, Missouri, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Schell City is 0.72%, lower than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Schell City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Schell City 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 Schell City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64783 zip code has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with Schell City 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 Schell City Tax Rate
1.15%
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 Schell City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64783 | 0.94% | 0.99% | 1.15% | 1.16% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Schell City, Missouri
In Schell City, 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 Schell City, 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 Schell City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $621.00 in the 64783 zip code, while the lowest median tax bill is also $621.00 in the same zip code.
Average Schell City Assessed Value
$47,000
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 Schell City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64783 | $16,750 | $22,100 | $47,000 | $144,500 | $230,750 |
Source: Ownwell
Property Tax Bills Across Schell City, Missouri
In Schell City, located in St. Clair County, MO, property tax bills are determined by assessing the value of a property and applying the local tax rate. The assessed value is derived from the market value of the home, which in Schell City has a median home price of $47,000. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. For homeowners in Schell City, the tax bill can vary significantly. At the 25th percentile, the tax bill is around $302, while at the 75th percentile, it rises to approximately $1,529, and at the 90th percentile, it can reach up to $2,254. The highest median tax bill recorded in the area is $621, which is notably lower than the national median property tax rate of 0.99%. These tax bills impact homeowners by affecting their annual expenses, potentially influencing decisions related to home buying, selling, and budgeting. Lower property taxes can make homeownership more affordable, while higher taxes might deter potential buyers or strain existing homeowners' finances.
Average Schell City Tax Bill
$621
Average St. Clair County Tax Bill
$244
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Schell City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64783 | $214 | $302 | $621 | $1,529 | $2,254 |
Source: Ownwell