Union, Franklin County, Missouri Property Taxes

Name: Property Tax Bills Across Union, Franklin County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Union, MO effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Union, MO home value: $146,355
Median annual Union, MO tax bill: $1,675, $725 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

Property taxes in Union, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Union’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Union, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Union, Franklin County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$1,668

$1,548

Ownwell’s Union Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Union with just two data points. By entering your property's estimated assessed value, our calculator applies Union’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Union, Franklin County, Missouri

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In UNION, located in Franklin County, MO, property tax rates are a key consideration for homeowners. UNION's effective property tax rate is an important metric for residents to understand, especially when compared to other cities in Missouri. Missouri's median property tax rate is 1.14%, slightly above the national median rate of 1.02%. Understanding these rates can help property owners anticipate their annual tax bills, which are crucial for financial planning.

By comparing UNION’s rates to the national and state medians, residents can better appreciate their local tax environment. This knowledge empowers homeowners to make informed decisions about property ownership and tax appeals, potentially leading to savings and more effective financial management.

Property Tax Rates Across Union, Franklin County, Missouri

Source: Ownwell

0.93%

1.18%

1.42%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Union Tax Rate

1.14%

Median Effective Franklin County Tax Rate

1.08%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Union, Franklin County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
63084	1.01%	1.01%	1.14%	1.14%	1.14%

Source: Ownwell

Property Tax Assessment Values Across Union, Franklin County, Missouri

When examining property taxes in Union, Missouri, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Union.

For example, the median home price in Union is $146,355, with tax bills ranging significantly across the county. Zip code 63084 has the highest median home price at $146,355.

Property Tax Assessment Values Across Union, Franklin County, Missouri

Source: Ownwell

$94,900

$354,785

$614,670

Median Union Market Value

$146,355

Median Franklin County Market Value

$143,800

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Union, Franklin County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
63084	$43,510	$99,392	$146,355	$193,418	$250,879

Source: Ownwell

Property Tax Bills Across Union, Franklin County, Missouri

In Union, located in Franklin County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value, impacting the final tax bill. In Union, the median property tax bill is $1,675, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,227 and the 90th percentile reaching $2,672. For homeowners, these taxes can represent a substantial annual expense. Ownwell offers services to help homeowners potentially reduce their property tax bills by appealing inaccurate assessments, ensuring exemptions are applied, and providing expert guidance through the appeal process. By leveraging Ownwell’s expertise, homeowners in Union can achieve significant savings, making property ownership more affordable and manageable.

Property Tax Bills Across Union, Franklin County, Missouri

Source: Ownwell

$989

$4,350

$7,711

Median Union Tax Bill

$1,675

Median Franklin County Tax Bill

$1,687

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Union, Franklin County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
63084	$821	$1,227	$1,675	$2,130	$2,672

Source: Ownwell