Saint Catharine, Linn County, Missouri Property Taxes
The median property tax rate in Saint Catharine, MO is 1.12%, which is higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Saint Catharine at $66,650, the typical annual property tax bill reaches $757, falling below the national median of $2,690. Property taxes in Saint Catharine 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 Saint Catharine'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 Saint Catharine 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
Saint Catharine, Linn County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$746
$693
Ownwell’s Saint Catharine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Catharine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Catharine 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 Saint Catharine, Linn County, Missouri
Property taxes in Saint Catharine, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Catharine is 1.12%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Saint Catharine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Catharine 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 Saint Catharine's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64628 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Saint Catharine provides valuable insights into the varying tax landscape across Linn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Catharine Tax Rate
1.12%
Average Linn County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Catharine, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64628 | 0.82% | 1.02% | 1.12% | 1.22% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Saint Catharine, Linn County, Missouri
In Saint Catharine, 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 Linn 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 Saint Catharine, 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. For instance, the median home price is $66,650, with tax bills ranging from $411 at the 25th percentile to $1,966 at the 90th percentile. The highest median tax bill is $757 in zip code 64628. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Catharine, Linn County, Missouri
Source: Ownwell
$9,900
$40,150
$70,400
Average Saint Catharine Assessed Value
$66,650
Average Linn County Assessed Value
$25,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Catharine, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64628 | $8,190 | $29,675 | $66,650 | $106,000 | $161,500 |
Source: Ownwell
Property Tax Bills Across Saint Catharine, Linn County, Missouri
In Saint Catharine, located in Linn County, MO, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $66,650, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors such as property size, location, and improvements significantly influence the assessed value. In Saint Catharine, the tax bill at the 25th percentile is around $411, while at the 75th percentile, it rises to $1,184. The tax bill at the 90th percentile reaches $1,966. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Saint Catharine may find their tax obligations relatively manageable or burdensome depending on their specific circumstances. This variability in tax bills underscores the importance of understanding local assessments and tax rates.
Average Saint Catharine Tax Bill
$757
Average Linn County Tax Bill
$264
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Catharine, Linn County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64628 | $141 | $411 | $757 | $1,184 | $1,966 |
Source: Ownwell