Maryland Heights, Missouri Property Taxes
The median property tax rate in Maryland Heights, MO is 1.46%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Maryland Heights at $206,600, the typical annual property tax bill reaches $2,988, exceeding the national median of $2,690. Property taxes in Maryland Heights 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 Maryland Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Maryland Heights 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
Maryland Heights, 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 Maryland Heights Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Maryland Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maryland Heights to provide an estimate of 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. Louis County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Maryland Heights, Missouri
Property taxes in Maryland Heights, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maryland Heights is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Maryland Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maryland Heights 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 Maryland Heights' effective property tax rate to other areas in St. Louis County and the national median. For comparison, the 63043 zip code has the highest median property tax rate of 1.46%, while the same zip code also represents the lowest median tax rate of 1.46%. Understanding how these cities compare with Maryland Heights 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 Maryland Heights Tax Rate
1.46%
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 Maryland Heights, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63043 | 1.35% | 1.43% | 1.46% | 1.46% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Maryland Heights, Missouri
In Maryland Heights, 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's Office 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 Maryland Heights, 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. The median home price here is $206,600, with tax bills ranging from $2,655 at the 25th percentile to $4,180 at the 90th percentile. The highest and lowest median tax bills in the area are both $2,988 in the 63043 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Maryland Heights, Missouri
Source: Ownwell
$45,100
$756,500
$1,467,900
Average Maryland Heights Assessed Value
$206,600
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 Maryland Heights, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63043 | $154,000 | $182,100 | $206,600 | $240,600 | $294,400 |
Source: Ownwell
Property Tax Bills Across Maryland Heights, Missouri
In Maryland Heights, located in St. Louis County, MO, property tax bills are determined by a combination of the assessed value of the home and the local tax rate. The assessed value is a percentage of the property's market value, which in this area has a median home price of $206,600. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Maryland Heights, property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $2,655, while at the 75th percentile, it rises to $3,449. At the 90th percentile, it reaches $4,180, reflecting the variability in property values and tax rates within the region. These property taxes fund essential local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Maryland Heights may find their property tax bills to be relatively higher, impacting their annual financial planning and homeownership costs.
Average Maryland Heights Tax Bill
$2,988
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 Maryland Heights, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63043 | $2,286 | $2,655 | $2,988 | $3,449 | $4,180 |
Source: Ownwell