Stanton, Franklin County, Missouri Property Taxes
The median property tax rate in Stanton, MO is 1.02%, slightly above the national median of 0.99% but lower than the Missouri state median of 1.20%. With a median home value of $94,900 in Stanton, the typical annual property tax bill amounts to $989, which is below the national median of $2,690. Property taxes in Stanton are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Grasping Stanton'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 Stanton or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanton, Franklin County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$968
$898
Ownwell’s Stanton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Stanton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Stanton to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-specific trends, scroll down for more localized information. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Stanton, Franklin County, Missouri
Property taxes in Stanton, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanton is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Stanton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanton 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 Stanton's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63079 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Stanton provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanton Tax Rate
1.02%
Average Franklin County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanton, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63079 | 0.94% | 0.98% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Stanton, Franklin County, Missouri
In Stanton, 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 Franklin 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 Stanton, 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 Stanton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 63079, both at $989.
Property Tax Assessment Values Across Stanton, Franklin County, Missouri
Source: Ownwell
$94,900
$354,785
$614,670
Average Stanton Assessed Value
$94,900
Average Franklin County Assessed Value
$143,800
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanton, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63079 | $19,774 | $66,030 | $94,900 | $145,270 | $213,102 |
Source: Ownwell
Property Tax Bills Across Stanton, Franklin County, Missouri
In Stanton, property tax bills are calculated based on the assessed value of your home, which is determined by the Franklin County assessor. The assessed value is typically a percentage of the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the median home price in Stanton is $94,900. Homeowners in the 25th percentile can expect a tax bill of approximately $773, while those in the 75th percentile might see a bill around $1,672. At the 90th percentile, the tax bill can reach up to $2,094. These property taxes directly impact homeowners by contributing to public services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Stanton's property tax rates can vary significantly, reflecting the local economic conditions and public service needs.
Average Stanton Tax Bill
$989
Average Franklin County Tax Bill
$1,687
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanton, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63079 | $604 | $773 | $989 | $1,672 | $2,094 |
Source: Ownwell