Pevely, Missouri Property Taxes
The median property tax rate in Pevely, MO is 1.29%, notably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Pevely at $121,000, the typical annual property tax bill amounts to $1,605, which is below the national median of $2,690. Property taxes in Pevely are calculated based on the assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pevely'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 Pevely 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
Pevely, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Pevely Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pevely with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Pevely to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed information, you can explore trends at a neighborhood level by scrolling down. Your property’s assessed value is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Pevely, Missouri
Property taxes in Pevely, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pevely is 1.29%, higher than the U.S. national median of 0.99%. Local government entities within Pevely set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pevely 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 Pevely's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63070 zip code has the highest median property tax rate of 1.29%, while the lowest median tax rate is also 1.29%. Understanding how these areas compare with Pevely 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 Pevely Tax Rate
1.29%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pevely, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63070 | 1.15% | 1.25% | 1.29% | 1.38% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Pevely, Missouri
In Pevely, 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 Pevely, 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 Pevely helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $121,000, with median tax bills ranging from $1,076 at the 25th percentile to $3,766 at the 90th percentile. The highest and lowest median tax bills are both $1,605 in the 63070 zip code.
Average Pevely Assessed Value
$121,000
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 Pevely, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63070 | $64,000 | $80,800 | $121,000 | $211,700 | $293,700 |
Source: Ownwell
Property Tax Bills Across Pevely, Missouri
In Pevely, located in Jefferson County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. For instance, with a median home price of $121,000, the assessed value forms the basis for calculating the property tax. The tax rate is then applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including the property's location within Pevely, any applicable exemptions, and the specific tax rates set by local taxing authorities. Homeowners in Pevely can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is $1,076, while the 75th percentile tax bill is $2,708, and the 90th percentile tax bill can reach up to $3,766. These property taxes have a direct impact on homeowners, influencing their overall housing costs and potentially affecting their ability to invest in other areas. With the highest and lowest median tax bills in the zip code 63070 both at $1,605, Pevely's property taxes are a crucial consideration for residents.
Average Pevely Tax Bill
$1,605
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pevely, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63070 | $822 | $1,076 | $1,605 | $2,708 | $3,766 |
Source: Ownwell