Chestnutridge, Missouri Property Taxes
The median property tax rate in Chestnut Ridge, MO is 0.96%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $327,000 in Chestnut Ridge, the typical annual property tax bill amounts to $2,547, which is less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Chestnut Ridge'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 Chestnut Ridge 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
Chestnutridge, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$3,139
-$32,899
Ownwell’s Chestnut Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chestnut Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chestnut Ridge 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 Chestnutridge, Missouri
Property taxes in Chestnut Ridge, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chestnut Ridge is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Chestnut Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chestnut Ridge 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. Understanding how these cities compare with Chestnut Ridge provides valuable insights into the varying tax landscape across Christian County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chestnutridge Tax Rate
0.96%
Average Christian County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chestnutridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65630 | 0.60% | 0.79% | 0.96% | 1.11% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Chestnutridge, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chestnutridge, Missouri. 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 Christian 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 Chestnutridge, 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 Chestnutridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Chestnutridge is $2,547, with the highest and lowest median tax bills both found in the 65630 zip code.
Average Chestnutridge Assessed Value
$327,000
Average Christian County Assessed Value
$157,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chestnutridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65630 | $98,300 | $162,400 | $327,000 | $467,600 | $596,300 |
Source: Ownwell
Property Tax Bills Across Chestnutridge, Missouri
In Chestnut Ridge, located in Christian County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property’s location, size, and any improvements made. The median home price in Chestnut Ridge is $327,000. Homeowners in the 25th percentile can expect to pay around $1,029 in property taxes, while those in the 75th percentile might pay up to $4,357. The 90th percentile tax bill can reach as high as $5,920. These figures illustrate the range of property tax burdens within the city, significantly impacting homeowners' financial planning. Compared to the national median property tax rate of 0.99%, Chestnut Ridge's tax rates can vary, influencing the overall affordability and cost of homeownership in the area. Understanding these factors is crucial for homeowners when budgeting for annual expenses.
Average Chestnutridge Tax Bill
$2,547
Average Christian County Tax Bill
$1,599
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Chestnutridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65630 | $392 | $1,029 | $2,547 | $4,357 | $5,920 |
Source: Ownwell