Fredericktown, Missouri Property Taxes
The median property tax rate in Fredericktown, MO is 0.90%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $88,150, the typical annual property tax bill in Fredericktown amounts to $790, significantly below the national median of $2,690. Property taxes in Fredericktown are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Fredericktown'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 Fredericktown or another part of the city, having a grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fredericktown, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$793
Ownwell’s Fredericktown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredericktown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredericktown 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 Fredericktown, Missouri
Property taxes in Fredericktown, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredericktown is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Fredericktown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredericktown 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 Fredericktown's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63645 has both the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Fredericktown 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 Fredericktown Tax Rate
0.90%
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 Fredericktown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63645 | 0.77% | 0.86% | 0.90% | 0.93% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Fredericktown, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fredericktown, MO. 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 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 Fredericktown, 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 Fredericktown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 63645 has the highest median tax bill of $790. This knowledge is key to ensuring you're not overpaying on your property taxes.
Average Fredericktown Assessed Value
$88,150
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 Fredericktown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63645 | $13,566 | $36,670 | $88,150 | $146,435 | $198,104 |
Source: Ownwell
Property Tax Bills Across Fredericktown, Missouri
In Fredericktown, St. Francois County, MO, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Fredericktown, the median home price is $88,150. Property tax bills can vary significantly across different homes. For example, the 25th percentile tax bill is $289, while the 75th percentile reaches $1,330, and the 90th percentile goes up to $1,799. These variations depend on factors such as property size, location, and any applicable exemptions or deductions. Comparatively, the property tax rate in Fredericktown aligns closely with the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Fredericktown Tax Bill
$790
Average St. Francois County Tax Bill
$732
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredericktown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63645 | $122 | $289 | $790 | $1,330 | $1,799 |
Source: Ownwell