Imperial, Missouri Property Taxes
The median property tax rate in Imperial, 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 Imperial at $169,350, the typical annual property tax bill reaches $2,296, slightly below the national median of $2,690. Property taxes in Imperial 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 Imperial'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 Imperial 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
Imperial, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,286
Ownwell’s Imperial Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Imperial with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Imperial 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 Imperial, Missouri
Property taxes in Imperial, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Imperial is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Imperial set these rates annually, and they can vary significantly across different neighborhoods. Each year, Imperial 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 Imperial's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63052 has both the highest and lowest median property tax rate of 1.35%. Understanding how these areas compare with Imperial 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 Imperial Tax Rate
1.35%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Imperial, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63052 | 1.27% | 1.29% | 1.35% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Imperial, Missouri
In Imperial, 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's Office 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 Imperial, 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 Imperial helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 63052 has the highest and lowest median tax bill, both at $2,296.
Average Imperial Assessed Value
$169,350
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 Imperial, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63052 | $85,900 | $117,175 | $169,350 | $242,000 | $298,600 |
Source: Ownwell
Property Tax Bills Across Imperial, Missouri
In Imperial, located in Jefferson County, MO, property tax bills are calculated based on the assessed value of your home. The assessed value is a percentage of the market value of your property, which is determined by local assessors. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence this calculation, including the market value of the property, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Imperial is $169,350, and the property tax bills can range significantly. Homeowners in the 25th percentile pay around $1,603 annually, while those in the 75th percentile may see bills as high as $3,189. In some cases, the tax bill can reach up to $3,927 for those in the 90th percentile. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in Imperial.
Average Imperial Tax Bill
$2,296
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Imperial, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63052 | $1,169 | $1,603 | $2,296 | $3,189 | $3,927 |
Source: Ownwell