Byrnes Mill, Jefferson County, Missouri Property Taxes
The median property tax rate in Byrnes Mill, MO is 1.37%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Byrnes Mill at $197,250, the typical annual property tax bill reaches $2,663, just below the national median of $2,690. Property taxes in Byrnes Mill 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 Byrnes Mill'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 Byrnes Mill 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
Byrnes Mill, Jefferson County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$2,702
$2,508
Ownwell’s Byrnes Mill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Byrnes Mill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Byrnes Mill 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 Byrnes Mill, Jefferson County, Missouri
Property taxes in Byrnes Mill, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Byrnes Mill is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Byrnes Mill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Byrnes Mill 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 Byrnes Mill's effective property tax rate to other areas in Jefferson County and the national median. For comparison, the 63049 zip code has the highest median property tax rate of 1.37%, while the 63051 zip code has the lowest median tax rate of 1.37%. Understanding how these areas compare with Byrnes Mill provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Byrnes Mill Tax Rate
1.37%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Byrnes Mill, Jefferson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63025 | 1.37% | 1.37% | 1.37% | 1.37% | 1.38% |
| 63049 | 1.37% | 1.37% | 1.37% | 1.37% | 1.38% |
| 63051 | 1.29% | 1.37% | 1.37% | 1.37% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Byrnes Mill, Jefferson County, Missouri
In Byrnes Mill, 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 Jefferson 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. For example, the zip code with the highest median tax bill is 63049 at $4,190, while the lowest is 63051 at $2,352. 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 Byrnes Mill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Byrnes Mill, Jefferson County, Missouri
Source: Ownwell
$92,850
$198,900
$304,950
Average Byrnes Mill Assessed Value
$197,250
Average Jefferson County Assessed Value
$133,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Byrnes Mill, Jefferson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63025 | $101,360 | $231,800 | $251,200 | $280,900 | $309,600 |
| 63049 | $280,280 | $290,900 | $304,950 | $346,450 | $361,260 |
| 63051 | $80,300 | $116,700 | $171,400 | $249,800 | $284,500 |
Source: Ownwell
Property Tax Bills Across Byrnes Mill, Jefferson County, Missouri
In Byrnes Mill, 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. Several factors influence this calculation, including the home's location within Jefferson County, the property's market value, and any applicable exemptions or deductions. For homeowners in Byrnes Mill, the median home price stands at $197,250. Property tax bills can vary significantly, with the 25th percentile at $1,673 and the 75th percentile reaching $3,529. Those in the 90th percentile face tax bills as high as $4,088. Comparatively, the highest median tax bill in the area is $4,190, found in the 63049 zip code, while the lowest is $2,352 in the 63051 zip code. These property taxes have a notable impact on homeowners, influencing their overall cost of living and potentially affecting their long-term financial planning. With the national median property tax rate at 0.99%, Byrnes Mill's rates can be seen as relatively moderate to high depending on the specific property and location within Jefferson County.
Average Byrnes Mill Tax Bill
$2,663
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Byrnes Mill, Jefferson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63025 | $1,357 | $3,119 | $3,444 | $3,842 | $4,229 |
| 63049 | $3,848 | $3,996 | $4,190 | $4,734 | $4,965 |
| 63051 | $1,100 | $1,596 | $2,352 | $3,289 | $3,779 |
Source: Ownwell