Ballwin, Missouri Property Taxes
The median property tax rate in Ballwin, MO is 1.25%, notably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Ballwin, the typical annual property tax bill reaches $4,130, exceeding the national median of $2,690. Property taxes in Ballwin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ballwin'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 Ballwin 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
Ballwin, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$4,050
Ownwell’s BALLWIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BALLWIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BALLWIN 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 Ballwin, Missouri
Property taxes in Ballwin, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ballwin is 1.25%, higher than the U.S. national median of 0.99%. Local government entities within Ballwin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ballwin 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 Ballwin's effective property tax rate to other areas in St. Louis County and the national median. For comparison, the 63021 zip code has the highest median property tax rate of 1.32%, while the 63011 zip code has the lowest median tax rate of 1.25%. Understanding how these areas compare with Ballwin provides valuable insights into the varying tax landscape across St. Louis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ballwin Tax Rate
1.25%
Average St. Louis County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ballwin, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63011 | 1.21% | 1.21% | 1.25% | 1.33% | 1.33% |
| 63021 | 1.21% | 1.24% | 1.32% | 1.33% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Ballwin, Missouri
In Ballwin, 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. Louis 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 Ballwin, 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 Ballwin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ballwin is $4,366 in zip code 63011, while the lowest median tax bill is $3,898 in zip code 63021.
Average Ballwin Assessed Value
$324,000
Average St. Louis County Assessed Value
$226,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ballwin, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63011 | $220,600 | $296,175 | $348,550 | $401,725 | $498,000 |
| 63021 | $176,700 | $247,600 | $303,000 | $416,825 | $515,200 |
Source: Ownwell
Property Tax Bills Across Ballwin, Missouri
In Ballwin, St. Louis County, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, which is then subject to the tax rate set by local authorities. For example, with a median home price of $324,000, the tax bill can vary significantly. The 25th percentile tax bill is around $3,320, while the 75th percentile tax bill reaches approximately $5,182, and the 90th percentile can be as high as $6,511. These variations are influenced by factors such as property location, home value, and any applicable exemptions. The highest median tax bill in the area is $4,366 in the 63011 zip code, while the lowest is $3,898 in the 63021 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Ballwin may experience a range of tax impacts, affecting their annual financial planning and overall home affordability.
Average Ballwin Tax Bill
$4,130
Average St. Louis County Tax Bill
$3,143
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ballwin, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63011 | $2,915 | $3,708 | $4,366 | $5,034 | $6,374 |
| 63021 | $2,317 | $3,171 | $3,898 | $5,306 | $6,584 |
Source: Ownwell