Park Hills, Missouri Property Taxes
The median property tax rate in Park Hills, MO is 1.10%, 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 $52,130 in Park Hills, the typical annual property tax bill amounts to $570, which is significantly below the national median of $2,690. Property taxes in Park Hills are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Familiarizing yourself with Park Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can result in considerable annual savings. Whether you're located in the heart of Park Hills or elsewhere in the city, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Park Hills, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$573
Ownwell’s Park Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Park Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Park Hills 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 St. Francois County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Park Hills, Missouri
Property taxes in Park Hills, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Park Hills is 1.10%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Park Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Park Hills 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 Park Hills' effective property tax rate to other counties in Missouri and the national median. For comparison, the 63601 zip code has both the highest and lowest median property tax rate of 1.10%. Understanding how these cities compare with Park Hills 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 Park Hills Tax Rate
1.10%
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 Park Hills, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63601 | 0.93% | 1.00% | 1.10% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Park Hills, Missouri
In Park Hills, 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 Park Hills, 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 Park Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Park Hills is $52,130, with the 25th percentile tax bill at $327 and the 75th percentile tax bill at $985. The highest and lowest median tax bill, both at $570, are found in the 63601 zip code.
Average Park Hills Assessed Value
$52,130
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 Park Hills, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63601 | $13,830 | $30,765 | $52,130 | $93,210 | $150,210 |
Source: Ownwell
Property Tax Bills Across Park Hills, Missouri
In Park Hills, 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 market value of the property, which is determined by local assessors. For homeowners in Park Hills, the median home price is $52,130. Property tax rates are applied to this assessed value to calculate the annual tax bill. Several factors influence the property tax bill, including the property's market value, local tax rates, and any applicable exemptions. For instance, in Park Hills, the tax bill ranges from the 25th percentile at $327 to the 90th percentile at $1,525. The median tax bill in the area stands at $570, which is significantly lower than the national median property tax rate of 0.99%. These property tax bills impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated can help homeowners budget accordingly and potentially seek exemptions or appeals if they believe their assessment is incorrect.
Average Park Hills Tax Bill
$570
Average St. Francois County Tax Bill
$732
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Park Hills, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63601 | $144 | $327 | $570 | $985 | $1,525 |
Source: Ownwell