Bridgeton, Missouri Property Taxes
The median property tax rate in Bridgeton, MO is 0.90%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $52,600 in Bridgeton, the typical annual property tax bill amounts to $420, significantly less than the national median of $2,690. Property taxes in Bridgeton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bridgeton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bridgeton or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bridgeton, 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 Bridgeton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bridgeton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bridgeton 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 Bridgeton, Missouri
Property taxes in Bridgeton, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bridgeton is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Bridgeton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgeton 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 Bridgeton's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63044 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Bridgeton provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bridgeton Tax Rate
0.90%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bridgeton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63044 | 0.79% | 0.83% | 0.90% | 1.18% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeton, Missouri
In Bridgeton, 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 Morgan 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 Bridgeton, 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. The zip code with the highest median tax bill is 63044 at $420, while the lowest is also 63044 at $420. Being aware of these valuation processes in Bridgeton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bridgeton Assessed Value
$52,600
Average Morgan County Assessed Value
$49,350
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bridgeton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63044 | $7,200 | $14,375 | $52,600 | $145,575 | $182,950 |
Source: Ownwell
Property Tax Bills Across Bridgeton, Missouri
In Bridgeton, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically represents a percentage of the home's market value. Homeowners in Bridgeton can expect property tax rates to be influenced by various factors, including the local government's budgetary needs and public service funding requirements. The median home price in Bridgeton is $52,600, with property tax bills varying significantly. For instance, the 25th percentile tax bill is $136, while the 75th percentile reaches $1,259, and the 90th percentile climbs to $1,652. The highest median tax bill in the area is $420, registered in the 63044 zip code. These tax bills can impact homeowners by influencing their monthly housing costs and overall affordability of homeownership. Comparing this to the national median property tax rate of 0.99%, Bridgeton's tax rates can be seen as relatively modest or burdensome, depending on the specific assessed value and tax rate applied.
Average Bridgeton Tax Bill
$420
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Bridgeton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63044 | $91 | $136 | $420 | $1,259 | $1,652 |
Source: Ownwell