Wildwood, Missouri Property Taxes
The median property tax rate in Wildwood, MO is 1.25%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Wildwood at $305,605, the typical annual property tax bill reaches $3,768, exceeding the national median of $2,690. Property taxes in Wildwood 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 Wildwood'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 Wildwood 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
Wildwood, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$3,820
Ownwell’s Wildwood Property Tax Bill Calculator empowers homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Wildwood with just two inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Wildwood to provide an accurate property tax estimate. This valuable tool helps you comprehend potential tax obligations. For those curious about neighborhood-specific trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and considers any applicable exemptions.
Property Tax Rates Across Wildwood, Missouri
Property taxes in Wildwood, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wildwood is 1.25%, which is higher than the U.S. national median of 0.99%. Local government entities within Wildwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wildwood 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 Wildwood's effective property tax rate to other areas in Franklin County and the national median. For comparison, the 63005 zip code has the highest median property tax rate of 1.25%, while the 63069 zip code has the lowest median tax rate of 1.24%. Understanding how these cities compare with Wildwood 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 Wildwood Tax Rate
1.25%
Average Franklin County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wildwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | 1.22% | 1.23% | 1.25% | 1.25% | 1.25% |
| 63069 | 1.11% | 1.13% | 1.24% | 1.25% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Wildwood, Missouri
In Wildwood, 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 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 Wildwood, 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. For example, the highest median tax bill in Wildwood is $3,899 in the 63005 zip code, while the lowest is $3,037 in the 63069 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wildwood Assessed Value
$305,605
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 Wildwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | $296,644 | $305,605 | $320,540 | $321,870 | $322,668 |
| 63069 | $78,650 | $146,210 | $268,750 | $357,340 | $398,662 |
Source: Ownwell
Property Tax Bills Across Wildwood, Missouri
In Wildwood, MO, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. For instance, with a median home price of $305,605, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $2,731, while those in the 75th percentile might see bills closer to $4,275. At the 90th percentile, the tax bill can reach up to $5,148. Several factors influence these tax bills, including the property's location within different zip codes. For example, the highest median tax bill in the area is $3,899 in the 63005 zip code, whereas the lowest is $3,037 in the 63069 zip code. These taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Wildwood residents. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Wildwood Tax Bill
$3,768
Average Franklin County Tax Bill
$1,687
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wildwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | $3,689 | $3,768 | $3,899 | $3,955 | $3,988 |
| 63069 | $948 | $1,814 | $3,037 | $5,068 | $5,227 |
Source: Ownwell