House Springs, Missouri Property Taxes
The median property tax rate in House Springs, MO is 1.36%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in House Springs at $113,250, the typical annual property tax bill reaches $1,538, exceeding the national median of $2,690. Property taxes in House Springs 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 House Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of House Springs 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
House Springs, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,540
Ownwell’s HOUSE SPRINGS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOUSE SPRINGS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOUSE SPRINGS 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 House Springs, Missouri
Property taxes in House Springs, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in House Springs is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within House Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, House Springs 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 House Springs' effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63051 has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these cities compare with House Springs 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 House Springs Tax Rate
1.36%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across House Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63051 | 1.29% | 1.36% | 1.36% | 1.37% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across House Springs, Missouri
In HOUSE SPRINGS, 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. In HOUSE SPRINGS, 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 HOUSE SPRINGS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1538, as observed in zip code 63051.
Average House Springs Assessed Value
$113,250
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 House Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63051 | $34,500 | $78,200 | $113,250 | $168,900 | $243,110 |
Source: Ownwell
Property Tax Bills Across House Springs, Missouri
In HOUSE SPRINGS, located in Jefferson County, MO, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. With a median home price of $113,250, homeowners can expect their tax bill to be influenced by various factors such as property location, improvements, and comparable property values. The tax bill in this area can range significantly, with the 25th percentile at $1,060 and the 75th percentile reaching $2,313. For those in the 90th percentile, tax bills can be as high as $3,190. The highest median tax bill recorded in the 63051 zip code stands at $1,538, which is notably above the national median property tax rate of 0.99%. These tax bills directly impact homeowners by influencing their annual housing costs and potentially affecting their budget for other expenses. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average House Springs Tax Bill
$1,538
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across House Springs, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63051 | $467 | $1,060 | $1,538 | $2,313 | $3,190 |
Source: Ownwell