Catawissa, Jefferson County, Missouri Property Taxes
The median property tax rate in Catawissa, MO is 1.43%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Catawissa at $161,900, the typical annual property tax bill reaches $2,279, slightly below the national median of $2,690. Property taxes in Catawissa 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 Catawissa'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 Catawissa or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Catawissa, Jefferson County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,315
$2,148
Ownwell’s Catawissa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Catawissa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Catawissa 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 Catawissa, Jefferson County, Missouri
Property taxes in Catawissa, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Catawissa is 1.43%, notably higher than the U.S. national median of 0.99%. Local government entities within Catawissa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Catawissa 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 Catawissa's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63015 zip code has the highest median property tax rate of 1.43%, while the same zip code also represents the lowest median tax rate of 1.43%. Understanding how these areas compare with Catawissa 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 Catawissa Tax Rate
1.43%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Catawissa, Jefferson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63015 | 1.36% | 1.42% | 1.43% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Catawissa, Jefferson County, Missouri
In Catawissa, 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 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 Catawissa, 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 Catawissa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2279 in the 63015 zip code, which is also the lowest median tax bill, indicating a consistent tax rate across the region.
Property Tax Assessment Values Across Catawissa, Jefferson County, Missouri
Source: Ownwell
$92,850
$198,900
$304,950
Average Catawissa Assessed Value
$161,900
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 Catawissa, Jefferson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63015 | $46,850 | $108,625 | $161,900 | $241,975 | $309,290 |
Source: Ownwell
Property Tax Bills Across Catawissa, Jefferson County, Missouri
In Catawissa, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. For instance, if the median home price is $161,900, the assessed value is determined by local assessment rates. The tax rate is then applied to this assessed value to calculate the annual tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Catawissa can expect tax bills that vary significantly. The 25th percentile tax bill is around $1,509, while those in the 75th percentile might pay approximately $3,305. For the top 10% of properties, tax bills can reach up to $4,420. Comparatively, the national median property tax rate is 0.99%, making Catawissa's rates relatively moderate. These property taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Catawissa Tax Bill
$2,279
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Catawissa, Jefferson County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63015 | $658 | $1,509 | $2,279 | $3,305 | $4,420 |
Source: Ownwell