Sturgeon, Missouri Property Taxes
The median property tax rate in Sturgeon, MO is 1.26%, notably higher than both the national median of 0.99% and Missouri's state median of 1.20%. With a median home value of $62,233 in Sturgeon, the typical annual property tax bill amounts to $769, which is below the national median of $2,690. Property taxes in Sturgeon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Sturgeon'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 Sturgeon 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
Sturgeon, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$784
Ownwell’s Sturgeon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sturgeon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sturgeon 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 Sturgeon, Missouri
Property taxes in Sturgeon, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sturgeon is 1.26%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Sturgeon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sturgeon 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 Sturgeon's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65284 zip code has the highest median property tax rate of 1.26%, while the 65284 zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Sturgeon provides valuable insights into the varying tax landscape across Audrain County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sturgeon Tax Rate
1.26%
Average Audrain County Tax Rate
1.20%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sturgeon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65284 | 1.08% | 1.16% | 1.26% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Sturgeon, Missouri
In Sturgeon, 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 Audrain 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 Sturgeon, 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. The median home price in Sturgeon is $62,233, with tax bills ranging from $483 at the 25th percentile to $1,305 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 65284, at $769. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sturgeon Assessed Value
$62,233
Average Audrain County Assessed Value
$51,626
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sturgeon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65284 | $38,118 | $56,878 | $62,233 | $87,480 | $106,732 |
Source: Ownwell
Property Tax Bills Across Sturgeon, Missouri
In Sturgeon, MO, located in Audrain County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Sturgeon see a variety of tax bills, with the 25th percentile at $483 and the 75th percentile at $1,113. The highest median tax bill in the area is $769, found in the 65284 zip code. Factors that influence the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, homes with a median price of $62,233 will have their taxes calculated based on the assessed value, which impacts the final tax bill. Compared to the national median property tax rate of 0.99%, Sturgeon’s property tax rates can be seen as relatively moderate, affecting homeowners by contributing to local services like schools and infrastructure, while also reflecting the economic conditions of the region.
Average Sturgeon Tax Bill
$769
Average Audrain County Tax Bill
$587
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sturgeon, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65284 | $446 | $483 | $769 | $1,113 | $1,305 |
Source: Ownwell