Wheeling, Livingston County, Missouri Property Taxes
The median property tax rate in Wheeling, MO is 1.23%, which is higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Wheeling at $47,210, the typical annual property tax bill amounts to $569, which is significantly lower than the national median of $2,690. Property taxes in Wheeling are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Wheeling'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 Wheeling 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
Wheeling, Livingston County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$581
$539
Ownwell’s Wheeling Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wheeling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wheeling 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 Wheeling, Livingston County, Missouri
Property taxes in Wheeling, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wheeling is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Wheeling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wheeling 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 Wheeling's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 64688 has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these areas compare with Wheeling provides valuable insights into the varying tax landscape across Livingston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wheeling Tax Rate
1.23%
Average Livingston County Tax Rate
1.26%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wheeling, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64688 | 0.83% | 0.99% | 1.23% | 1.37% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Wheeling, Livingston County, Missouri
In Wheeling, 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 Livingston 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 Wheeling, 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 Wheeling helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 64688, with a median tax bill of $569.
Property Tax Assessment Values Across Wheeling, Livingston County, Missouri
Source: Ownwell
$32,280
$62,643
$93,005
Average Wheeling Assessed Value
$47,210
Average Livingston County Assessed Value
$65,985
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wheeling, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64688 | $9,852 | $23,320 | $47,210 | $95,805 | $152,004 |
Source: Ownwell
Property Tax Bills Across Wheeling, Livingston County, Missouri
In Wheeling, located in Livingston County, MO, property tax bills are calculated based on the assessed value of the home. The assessed value is a percentage of the market value, which is determined by the county assessor. For example, with a median home price of $47,210, the assessed value forms the basis for calculating the property tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. In Wheeling, the property tax bills vary significantly, with the 25th percentile at $305 and the 75th percentile at $963. At the higher end, the 90th percentile sees tax bills around $1,686. These figures suggest a range of tax burdens that homeowners may face, depending on their property’s assessed value and any exemptions they qualify for. Compared to the national median property tax rate of 0.99%, Wheeling's property tax rates can be seen as moderate, offering some relief to homeowners in terms of property tax obligations. This varied tax landscape significantly impacts homeowners, influencing their financial planning and long-term investment in their properties.
Average Wheeling Tax Bill
$569
Average Livingston County Tax Bill
$794
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wheeling, Livingston County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64688 | $118 | $305 | $569 | $963 | $1,686 |
Source: Ownwell