Foristell, Lincoln County, Missouri Property Taxes
The median property tax rate in Foristell, MO is 1.14%, slightly higher than the national median of 0.99% but below Missouri's state median of 1.20%. With the median home value in Foristell at $58,580, the typical annual property tax bill amounts to $661, which is considerably lower than the national median of $2,690. Property taxes in Foristell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Foristell'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 Foristell 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
Foristell, Lincoln County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$668
$620
Ownwell’s Foristell Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Foristell with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Foristell to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. If you're interested in observing trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is the figure assigned by Lincoln County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Foristell, Lincoln County, Missouri
Property taxes in Foristell, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Foristell is 1.14%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Foristell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Foristell 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 Foristell's effective property tax rate to other areas in Lincoln County and the national median. For comparison, the zip code 63348 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Foristell provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Foristell Tax Rate
1.14%
Average Lincoln County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Foristell, Lincoln County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63348 | 1.13% | 1.14% | 1.14% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Foristell, Lincoln County, Missouri
In Foristell, 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 Lincoln 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 Foristell, 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 Foristell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 63348, with a median bill of $661.
Property Tax Assessment Values Across Foristell, Lincoln County, Missouri
Source: Ownwell
$21,050
$97,970
$174,890
Average Foristell Assessed Value
$58,580
Average Lincoln County Assessed Value
$149,220
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Foristell, Lincoln County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63348 | $16,000 | $24,000 | $58,580 | $221,620 | $283,122 |
Source: Ownwell
Property Tax Bills Across Foristell, Lincoln County, Missouri
In Foristell, located in Lincoln County, MO, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local assessor's office and typically represents a percentage of the property's market value. Homeowners in Foristell can expect their property tax bills to vary significantly depending on their property's assessed value and the local tax rate. The median home price in Foristell is $58,580, which influences the overall tax bill. For instance, homeowners at the 25th percentile pay around $274, while those at the 75th percentile face a tax bill of approximately $2,435. At the 90th percentile, the tax bill can reach up to $3,141. The highest median tax bill in the area is $661, observed in the zip code 63348. These tax bills directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay helps residents anticipate their financial responsibilities and plan accordingly.
Average Foristell Tax Bill
$661
Average Lincoln County Tax Bill
$1,734
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Foristell, Lincoln County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63348 | $182 | $274 | $661 | $2,435 | $3,141 |
Source: Ownwell