Williamsburg, Callaway County, Missouri Property Taxes
The median property tax rate in Williamsburg, MO is 1.10%, which is slightly above the national median of 0.99% but below the Missouri state median of 1.20%. With the median home value in Williamsburg at $68,030, the typical annual property tax bill amounts to $691, significantly less than the national median of $2,690. Property taxes in Williamsburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Williamsburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Williamsburg or another part of Callaway County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Williamsburg, Callaway County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$748
$694
Ownwell’s Williamsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamsburg 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 Williamsburg, Callaway County, Missouri
Property taxes in Williamsburg, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamsburg is 1.10%, notably higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Williamsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamsburg 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 Williamsburg's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63388 has both the highest and lowest median property tax rate of 1.10%. Understanding how these cities compare with Williamsburg provides valuable insights into the varying tax landscape across Callaway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Williamsburg Tax Rate
1.10%
Average Callaway County Tax Rate
1.19%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Williamsburg, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63388 | 0.74% | 0.86% | 1.10% | 1.20% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Williamsburg, Callaway County, Missouri
In Williamsburg, 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 Callaway 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 Williamsburg, 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 Williamsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $691 in the 63388 zip code, which also has the lowest median tax bill at $691.
Property Tax Assessment Values Across Williamsburg, Callaway County, Missouri
Source: Ownwell
$41,010
$92,250
$143,490
Average Williamsburg Assessed Value
$68,030
Average Callaway County Assessed Value
$118,130
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Williamsburg, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63388 | $15,274 | $28,445 | $68,030 | $125,610 | $183,112 |
Source: Ownwell
Property Tax Bills Across Williamsburg, Callaway County, Missouri
In Williamsburg, located in Callaway County, MO, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Williamsburg is $68,030. Property tax rates are applied to this assessed value to calculate the tax bill. Various factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners in Williamsburg, the property tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $284, while at the 75th percentile, it reaches $1,378. At the 90th percentile, the tax bill can be as high as $2,023. These figures reflect the range of property tax burdens homeowners may face. Compared to the national median property tax rate of 0.99%, Williamsburg's property tax bills can seem relatively moderate, providing some relief to homeowners while still funding essential local services and infrastructure.
Average Williamsburg Tax Bill
$691
Average Callaway County Tax Bill
$1,342
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamsburg, Callaway County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63388 | $156 | $284 | $691 | $1,378 | $2,023 |
Source: Ownwell