Kimmswick, Missouri Property Taxes
The median property tax rate in Kimmswick, MO is 1.39%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Kimmswick at $64,000, the typical annual property tax bill reaches $887, which is still below the national median of $2,690. Property taxes in Kimmswick 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 Kimmswick'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 Kimmswick 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
Kimmswick, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$890
Ownwell’s Kimmswick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kimmswick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kimmswick 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 Kimmswick, Missouri
Property taxes in Kimmswick, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kimmswick is 1.39%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Kimmswick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kimmswick 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 Kimmswick's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63053 has both the highest and lowest median property tax rate of 1.39%. Understanding how these areas compare with Kimmswick 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 Kimmswick Tax Rate
1.39%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kimmswick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63053 | 1.25% | 1.30% | 1.39% | 1.41% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Kimmswick, Missouri
In Kimmswick, 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 Kimmswick, 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 Kimmswick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63053 has the highest and lowest median tax bill of $887.
Average Kimmswick Assessed Value
$64,000
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 Kimmswick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63053 | $52,400 | $56,750 | $64,000 | $87,300 | $101,280 |
Source: Ownwell
Property Tax Bills Across Kimmswick, Missouri
In Kimmswick, located in Jefferson County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $64,000, homeowners can expect their property tax bills to vary. The tax bill at the 25th percentile is around $746, while at the 75th percentile, it rises to approximately $1241. At the 90th percentile, the tax bill can reach up to $1454. The highest and lowest median tax bills in the area are both $887, indicating some consistency in tax assessments within the zip code 63053. These property taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Kimmswick's tax rates reflect localized factors and priorities, influencing the financial responsibilities of homeowners in the region.
Average Kimmswick Tax Bill
$887
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Kimmswick, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63053 | $660 | $746 | $887 | $1,241 | $1,454 |
Source: Ownwell