Villa Ridge, Missouri Property Taxes
The median property tax rate in Villa Ridge, MO is 1.35%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Villa Ridge at $152,100, the typical annual property tax bill reaches $2,183, which is below the national median of $2,690. Property taxes in Villa Ridge are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Villa 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 Villa 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
Villa Ridge, 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 Villa Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Villa Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Villa 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 Villa Ridge, Missouri
Property taxes in Villa Ridge, Missouri, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Villa Ridge is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Villa Ridge set these rates annually, and they can vary across different neighborhoods. Each year, Villa 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. The data below compares Villa Ridge's effective property tax rate to other areas in Franklin County and the national median. For comparison, the zip code 63089 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these areas compare with Villa Ridge 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 Villa Ridge Tax Rate
1.35%
Average Franklin County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Villa Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63089 | 1.05% | 1.33% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Villa Ridge, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Villa Ridge, 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 Franklin 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. 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 Villa Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $2,183, found in zip code 63089.
Average Villa Ridge Assessed Value
$152,100
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 Villa Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63089 | $11,740 | $72,070 | $152,100 | $215,150 | $276,598 |
Source: Ownwell
Property Tax Bills Across Villa Ridge, Missouri
In Villa Ridge, located in Franklin County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $152,100, the tax bills can vary significantly. At the 25th percentile, homeowners might pay around $1,552, while those at the 75th percentile could see bills as high as $2,944. The 90th percentile tax bill reaches up to $3,618. Several factors influence these bills, including changes in property values and local government budget needs. Higher property values or increased tax rates can lead to higher tax bills, impacting homeowners by increasing their annual expenses. This financial burden can be particularly significant when compared to the national median property tax rate of 0.99%, emphasizing the importance of understanding local tax dynamics.
Average Villa Ridge Tax Bill
$2,183
Average Franklin County Tax Bill
$1,687
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Villa Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63089 | $838 | $1,552 | $2,183 | $2,944 | $3,618 |
Source: Ownwell