Doe Run, Missouri Property Taxes
The median property tax rate in Doe Run, MO is 0.93%, slightly lower than the national median of 0.99% and significantly below the Missouri state median of 1.20%. With the median home value in Doe Run at $58,975, the typical annual property tax bill amounts to $552, which is considerably less than the national median of $2,690. Property taxes in Doe Run are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Doe Run'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 Doe Run 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
Doe Run, 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 Doe Run Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Doe Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Doe Run 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 Doe Run, Missouri
Property taxes in Doe Run, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Doe Run is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Doe Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Doe Run 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 Doe Run's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63637 zip code has the highest median property tax rate of 0.93%, while the same zip code also has the lowest median tax rate of 0.93%. Understanding how these areas compare with Doe Run provides valuable insights into the varying tax landscape across St. Francois County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Doe Run Tax Rate
0.93%
Average St. Francois County Tax Rate
1.00%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Doe Run, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63637 | 0.85% | 0.91% | 0.93% | 0.93% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Doe Run, Missouri
In Doe Run, 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. Francois County Assessor 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 Doe Run, 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 Doe Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Doe Run is $58,975, with the highest and lowest median tax bill both being $552 in zip code 63637.
Average Doe Run Assessed Value
$58,975
Average St. Francois County Assessed Value
$72,730
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Doe Run, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63637 | $14,290 | $24,270 | $58,975 | $134,148 | $201,665 |
Source: Ownwell
Property Tax Bills Across Doe Run, Missouri
Property tax bills in Doe Run, located in St. Francois County, MO, are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor and is a percentage of the property's market value. In Doe Run, the property tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For instance, the median home price in Doe Run is $58,975, which is considerably lower than the national median. This lower home value contributes to relatively modest property tax bills. Homeowners in the 25th percentile pay around $222 annually, while those in the 75th percentile pay about $1,243. At the higher end, the 90th percentile tax bill reaches $1,865. These property taxes directly impact homeowners by affecting their annual expenses and potentially influencing their decisions about home improvements or property sales. Lower property tax bills can be a financial relief, especially in comparison to the national median property tax rate of 0.99%.
Average Doe Run Tax Bill
$552
Average St. Francois County Tax Bill
$732
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Doe Run, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63637 | $122 | $222 | $552 | $1,243 | $1,865 |
Source: Ownwell