Kingston, Missouri Property Taxes
The median property tax rate in Kingston, Missouri is 1.16%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Kingston at $78,590, the typical annual property tax bill reaches $852, falling below the national median of $2,690. Property taxes in Kingston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kingston'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 Kingston 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
Kingston, 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 Kingston Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Kingston. By simply entering your property's estimated assessed value, the calculator leverages the median tax rate in Kingston to provide an accurate estimate of your property tax bill. This makes it easier for you to understand and plan for potential tax liabilities. For those interested in more granular insights, additional localized information is available below. Your property's assessed value is determined by the county for tax purposes and includes any applicable exemptions. Use this tool to stay informed and make better financial decisions regarding your property investments.
Property Tax Rates Across Kingston, Missouri
Property taxes in Kingston, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingston is 1.15%, notably higher than the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Kingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingston 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 Kingston's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64650 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Kingston provides valuable insights into the varying tax landscape across Caldwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingston Tax Rate
1.16%
Average Caldwell County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64650 | 0.88% | 1.04% | 1.16% | 1.25% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Kingston, Missouri
In Kingston, 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 Caldwell 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 Kingston, 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 Kingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kingston, both at $852.00, are found in the 64650 zip code.
Average Kingston Assessed Value
$78,590
Average Caldwell County Assessed Value
$73,285
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64650 | $14,270 | $38,405 | $78,590 | $132,440 | $194,778 |
Source: Ownwell
Property Tax Bills Across Kingston, Missouri
In Kingston, located in Caldwell County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property, and this percentage can vary. Homeowners in Kingston see a range of property tax bills, with the 25th percentile at $432 and the 75th percentile reaching $1503. The highest property tax bill in the area is $2116. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Kingston is $78,590, and with the national median property tax rate at 0.99%, Kingston's tax rates reflect local economic conditions and municipal funding needs. For homeowners, understanding these factors is crucial for financial planning and managing annual expenses. Accurate assessment and awareness of local tax rates can significantly impact a homeowner's budget and long-term investment in their property.
Average Kingston Tax Bill
$852
Average Caldwell County Tax Bill
$850
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingston, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64650 | $167 | $432 | $852 | $1,503 | $2,116 |
Source: Ownwell