Hazelwood, Missouri Property Taxes
The median property tax rate in Hazelwood, MO is 1.57%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Hazelwood at $138,300, the typical annual property tax bill reaches $2,165, exceeding the national median of $2,690. Property taxes in Hazelwood 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 Hazelwood'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 Hazelwood 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
Hazelwood, 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 Hazelwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hazelwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hazelwood 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 Hazelwood, Missouri
Property taxes in Hazelwood, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hazelwood is 1.57%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hazelwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hazelwood 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 Hazelwood's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63042 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Hazelwood 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 Hazelwood Tax Rate
1.57%
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 Hazelwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63042 | 1.33% | 1.56% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Hazelwood, Missouri
In Hazelwood, 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 Hazelwood, 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 Hazelwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63042 has both the highest and lowest median tax bill at $2165.
Average Hazelwood Assessed Value
$138,300
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 Hazelwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63042 | $55,400 | $114,400 | $138,300 | $159,300 | $189,600 |
Source: Ownwell
Property Tax Bills Across Hazelwood, Missouri
In Hazelwood, located in St. Louis County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county's assessor determines this value, and it is then multiplied by the local tax rate to calculate the tax bill. For example, with a median home price of $138,300, homeowners can expect varying tax bills depending on the assessed value and specific tax rates applied. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. The tax bill can significantly impact homeowners, with the 25th percentile tax bill around $1,797 and the 75th percentile reaching up to $2,493. For those in the 90th percentile, tax bills can be as high as $2,972. Comparing these figures to the national median property tax rate of 0.99%, Hazelwood's rates reflect the local economic conditions and public service funding needs, influencing the overall cost of homeownership in the area.
Average Hazelwood Tax Bill
$2,165
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 Hazelwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63042 | $739 | $1,797 | $2,165 | $2,493 | $2,972 |
Source: Ownwell