Irondale, Missouri Property Taxes
The median property tax rate in Irondale, MO is 1.18%, slightly higher than the national median of 0.99% but just below the Missouri state median of 1.20%. With a median home value of $38,040 in Irondale, the typical annual property tax bill is $431, significantly lower than the national median of $2,690. Property taxes in Irondale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Irondale'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 Irondale 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
Irondale, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$449
Ownwell’s Irondale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irondale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irondale 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 Irondale, Missouri
Property taxes in Irondale, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Irondale is 1.18%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Irondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irondale 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 Irondale's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63648 has both the highest and lowest median property tax rate of 1.18%. Understanding how these cities compare with Irondale provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Irondale Tax Rate
1.18%
Average Washington County Tax Rate
0.96%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irondale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63648 | 1.01% | 1.11% | 1.18% | 1.28% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Irondale, Missouri
In Irondale, 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 Washington County Appraisal District 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 Irondale, 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 Irondale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Irondale is $38,040, with tax bills ranging from $248 at the 25th percentile to $1,299 at the 90th percentile. The highest and lowest median tax bills in the area are both $431, found in zip code 63648.
Average Irondale Assessed Value
$38,040
Average Washington County Assessed Value
$37,210
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Irondale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63648 | $11,998 | $21,270 | $38,040 | $66,880 | $121,346 |
Source: Ownwell
Property Tax Bills Across Irondale, Missouri
Property tax bills in Irondale, Washington County, MO, are determined by assessing the value of a property and applying the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $38,040, homeowners can expect their property tax bills to vary across a wide range. At the 25th percentile, the tax bill is around $248, while it reaches $766 at the 75th percentile and can go up to $1,299 at the 90th percentile. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. The highest and lowest median tax bills in the area are both $431, indicating a relatively uniform tax rate within the zip code 63648. Compared to the national median property tax rate of 0.99%, Irondale's tax rates can significantly impact homeowners, especially those with properties on the higher end of the value spectrum. Understanding these factors helps homeowners anticipate their annual financial obligations.
Average Irondale Tax Bill
$431
Average Washington County Tax Bill
$361
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Irondale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63648 | $142 | $248 | $431 | $766 | $1,299 |
Source: Ownwell