Fredericktown, Missouri Property Taxes
The median property tax rate in Fredericktown, MO is 1.01%, slightly above the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $110,045, the typical annual property tax bill in Fredericktown is $1,105, which is below the national median of $2,690. Property taxes in Fredericktown are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fredericktown'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 Fredericktown 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
Fredericktown, 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 Fredericktown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredericktown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredericktown 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 Fredericktown, Missouri
Property taxes in Fredericktown, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredericktown is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Fredericktown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredericktown 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 Fredericktown's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63645 zip code has the highest median property tax rate of 1.01%, while the 63645 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Fredericktown provides valuable insights into the varying tax landscape across Ste. Genevieve County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredericktown Tax Rate
1.01%
Average Ste. Genevieve County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredericktown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63645 | 0.87% | 0.94% | 1.01% | 1.02% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Fredericktown, Missouri
In Fredericktown, 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 Ste. Genevieve 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 Fredericktown, 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 instance, the median home price in Fredericktown is $110,045, with tax bills ranging from $594 at the 25th percentile to $1,838 at the 90th percentile. 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 Fredericktown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fredericktown Assessed Value
$110,045
Average Ste. Genevieve County Assessed Value
$98,970
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredericktown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63645 | $39,995 | $60,910 | $110,045 | $143,398 | $240,561 |
Source: Ownwell
Property Tax Bills Across Fredericktown, Missouri
In Fredericktown, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. Homeowners in Ste. Genevieve County typically see their tax bills falling within a specific range, influenced by various factors such as the property's location, size, and improvements. For instance, the median home price in Fredericktown is $110,045, and the property tax rate in this area is calculated to yield tax bills that range from $594 at the 25th percentile to $1,838 at the 90th percentile. Compared to the national median property tax rate of 0.99%, Fredericktown’s rates result in relatively moderate tax bills. The highest median tax bill recorded in the area is $1,105, indicating a consistent tax burden across different properties. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners. Understanding these factors can help homeowners anticipate their annual property tax expenses and plan their finances accordingly.
Average Fredericktown Tax Bill
$1,105
Average Ste. Genevieve County Tax Bill
$853
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredericktown, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63645 | $385 | $594 | $1,105 | $1,388 | $1,838 |
Source: Ownwell