Valles Mines, Missouri Property Taxes
The median property tax rate in Valles Mines, MO is 1.32%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Valles Mines at $157,800, the typical annual property tax bill reaches $1,860, which is below the national median of $2,690. Property taxes in Valles Mines 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 Valles Mines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Valles Mines 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
Valles Mines, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$2,083
Ownwell’s Valles Mines Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Valles Mines with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Valles Mines to project your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by Jefferson County for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Valles Mines, Missouri
Property taxes in Valles Mines, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valles Mines is 1.32%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Valles Mines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valles Mines 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 Valles Mines' effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63087 has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these areas compare with Valles Mines 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 Valles Mines Tax Rate
1.32%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valles Mines, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63087 | 1.20% | 1.28% | 1.32% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Valles Mines, Missouri
In Valles Mines, 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 Valles Mines, 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. The median home price in Valles Mines is $157,800, with tax bills ranging from $1,531 at the 25th percentile to $2,949 at the 75th percentile. The highest and lowest median tax bills are both $1,860, located in zip code 63087. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Valles Mines Assessed Value
$157,800
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 Valles Mines, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63087 | $84,630 | $117,650 | $157,800 | $225,950 | $296,420 |
Source: Ownwell
Property Tax Bills Across Valles Mines, Missouri
In Valles Mines, located in Jefferson County, MO, property tax bills are calculated based on the assessed value of the property. The assessed value is a percentage of the market value, which is determined by the county assessor. Factors such as property size, location, and condition play significant roles in this valuation process. Homeowners in Valles Mines face a median property tax bill of around $1,860, which is considerably lower than the national median property tax rate of 0.99%. For instance, properties in the 25th percentile have tax bills around $1,531, while those in the 75th percentile can see tax bills as high as $2,949. At the 90th percentile, tax bills can reach up to $3,526. These figures illustrate how property taxes can vary widely depending on the assessed value and specific characteristics of the property. Homeowners must budget for these taxes as they can significantly impact annual expenses, particularly for those with higher-valued properties.
Average Valles Mines Tax Bill
$1,860
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Valles Mines, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63087 | $1,101 | $1,531 | $1,860 | $2,949 | $3,526 |
Source: Ownwell