French Village, Missouri Property Taxes
The median property tax rate in French Village, MO, is 1.03%, 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 $60,890 in French Village, the typical annual property tax bill is $588, which is significantly below the national median of $2,690. Property taxes in French Village are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding French Village'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 French Village 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
French Village, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$627
Ownwell’s French Village Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in French Village with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in French Village to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across French Village, Missouri
Property taxes in French Village, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in French Village is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within French Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, French Village 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 French Village's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63036 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with French Village 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 French Village Tax Rate
1.03%
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 French Village, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63036 | 0.94% | 1.01% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across French Village, Missouri
In French Village, 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 French Village, 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 French Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in French Village is $60,890, with the 25th percentile tax bill at $259 and the 90th percentile tax bill at $1331. The highest and lowest median tax bills are both $588 in the 63036 zip code.
Average French Village Assessed Value
$60,890
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 French Village, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63036 | $12,172 | $25,655 | $60,890 | $89,235 | $129,819 |
Source: Ownwell
Property Tax Bills Across French Village, Missouri
In French Village, located in St. Francois County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value. Homeowners in French Village face property taxes that are influenced by local tax rates and the assessed value of their homes. For instance, with a median home price of $60,890, the tax bills can vary significantly. At the 25th percentile, homeowners might pay around $259, while those at the 75th percentile could see bills as high as $905. The highest median tax bill in the area is $588, which is relatively modest compared to the national median property tax rate of 0.99%. These tax bills impact homeowners by influencing their overall housing costs and potentially affecting their financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively and anticipate future tax obligations.
Average French Village Tax Bill
$588
Average St. Francois County Tax Bill
$732
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across French Village, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63036 | $121 | $259 | $588 | $905 | $1,331 |
Source: Ownwell