Wildwood, Missouri Property Taxes
The median property tax rate in Wildwood, MO is 1.32%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Wildwood at $454,000, the typical annual property tax bill reaches $5,992, exceeding the national median of $2,690. Property taxes in Wildwood 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 Wildwood'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 Wildwood 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
Wildwood, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$5,993
Ownwell’s Wildwood Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wildwood with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Wildwood to provide an estimate of your property tax bill. This practical tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value, determined by St. Louis County, plays a crucial role in these calculations, considering any applicable exemptions.
Property Tax Rates Across Wildwood, Missouri
Property taxes in Wildwood, Missouri, are fundamental in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wildwood is 1.32%, higher than the U.S. national median of 0.99%. Local government entities within Wildwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wildwood 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 Wildwood's effective property tax rate to other areas in St. Louis County and the national median. For comparison, the 63025 zip code has the highest median property tax rate of 1.37%, while the 63069 zip code has the lowest median tax rate of 1.30%. Understanding how these cities compare with Wildwood 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 Wildwood Tax Rate
1.32%
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 Wildwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | 1.29% | 1.31% | 1.31% | 1.31% | 1.32% |
| 63011 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
| 63021 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
| 63025 | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
| 63038 | 1.30% | 1.30% | 1.31% | 1.32% | 1.32% |
| 63040 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
| 63069 | 1.30% | 1.30% | 1.30% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Wildwood, Missouri
In Wildwood, 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. 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. For example, the median home price in Wildwood is $454,000, with tax bills ranging from $4,845 at the 25th percentile to $9,680 at the 90th percentile. The highest median tax bill is $8,196 in the 63005 zip code, while the lowest is $5,113 in the 63040 zip code. Understanding these valuation processes helps property owners identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wildwood Assessed Value
$454,000
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 Wildwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | $414,320 | $523,600 | $624,900 | $778,200 | $956,260 |
| 63011 | $301,500 | $346,700 | $409,500 | $480,950 | $554,900 |
| 63021 | $421,940 | $489,550 | $543,900 | $636,450 | $742,360 |
| 63025 | $367,300 | $449,600 | $518,700 | $594,300 | $734,860 |
| 63038 | $179,220 | $384,850 | $502,200 | $626,000 | $761,230 |
| 63040 | $198,800 | $329,150 | $387,250 | $439,375 | $515,700 |
| 63069 | $298,040 | $375,850 | $455,600 | $603,400 | $786,060 |
Source: Ownwell
Property Tax Bills Across Wildwood, Missouri
In Wildwood, property tax bills are calculated based on the assessed value of a home, which is determined by the St. Louis County Assessor's Office. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the tax bill. Several factors influence the assessed value, including the home's market price, location, and any improvements made to the property. For example, the median home price in Wildwood is $454,000. Homeowners in the 25th percentile can expect a tax bill of around $4,845, while those in the 75th percentile might see a bill of approximately $7,638. At the higher end, the 90th percentile tax bill can reach up to $9,680. The highest median tax bill in the area is $8,196 in the 63005 zip code, whereas the lowest is $5,113 in the 63040 zip code. These property taxes significantly impact homeowners by influencing their annual expenses and potentially affecting their long-term financial planning.
Average Wildwood Tax Bill
$5,992
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 Wildwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | $5,421 | $6,866 | $8,196 | $10,187 | $12,510 |
| 63011 | $3,985 | $4,575 | $5,409 | $6,352 | $7,325 |
| 63021 | $5,570 | $6,465 | $7,180 | $8,404 | $9,800 |
| 63025 | $5,241 | $6,173 | $7,107 | $8,136 | $9,953 |
| 63038 | $2,436 | $5,065 | $6,596 | $8,205 | $9,935 |
| 63040 | $2,633 | $4,347 | $5,113 | $5,801 | $6,807 |
| 63069 | $3,909 | $4,972 | $6,061 | $7,983 | $10,230 |
Source: Ownwell