High Ridge, Missouri Property Taxes
The median property tax rate in High Ridge, MO is 0.92%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With the median home value in High Ridge at $86,000, the typical annual property tax bill is around $800, which is considerably less than the national median of $2,690. Property taxes in High Ridge are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding High Ridge'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 High Ridge or another part of the city, being informed about the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
High Ridge, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$791
Ownwell’s High Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in High Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High Ridge 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 High Ridge, Missouri
Property taxes in High Ridge, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in High Ridge is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within High Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, High Ridge 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 High Ridge's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63049 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these areas compare with High Ridge 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 High Ridge Tax Rate
0.92%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across High Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63049 | 0.90% | 0.90% | 0.92% | 1.09% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across High Ridge, Missouri
In High Ridge, 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 local 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 High Ridge, 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 High Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 63049, with a median tax bill of $800.
Average High Ridge Assessed Value
$86,000
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 High Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63049 | $14,410 | $30,025 | $86,000 | $150,125 | $180,410 |
Source: Ownwell
Property Tax Bills Across High Ridge, Missouri
In High Ridge, Morgan County, MO, property tax bills are calculated based on the assessed value of the home, which is determined by a percentage of the market value. For example, with a median home price of $86,000, the assessed value is calculated, and then the local tax rate is applied. The tax rate in High Ridge is influenced by various factors, including local government budgets and public service funding needs. Homeowners in High Ridge typically see a range of tax bills. The 25th percentile tax bill stands at $277, while the 75th percentile reaches $1,390, and the 90th percentile can go up to $1,640. These figures indicate a significant variation based on property values and assessments. The highest and lowest median tax bills in the area both clock in at $800, reflecting a consistent rate for properties within the same valuation bracket. Comparatively, the national median property tax rate is 0.99%, suggesting that High Ridge homeowners might experience differing financial impacts based on their specific property assessments and local tax rates.
Average High Ridge Tax Bill
$800
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across High Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63049 | $148 | $277 | $800 | $1,390 | $1,640 |
Source: Ownwell