Maryland Heights, Missouri Property Taxes
The median property tax rate in Maryland Heights, MO is 0.90%, slightly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Maryland Heights being $21,950, the typical annual property tax bill amounts to $198, which is significantly below the national median of $2,690. Property taxes in Maryland Heights 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 Maryland Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Maryland Heights or elsewhere in the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maryland Heights, 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 Maryland Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maryland Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maryland Heights 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 Maryland Heights, Missouri
Property taxes in Maryland Heights, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maryland Heights is 0.90%, slightly below the U.S. national median of 0.99%. Local government entities within Maryland Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maryland Heights 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 Maryland Heights' effective property tax rate to other counties in Missouri and the national median. For comparison, the 63043 zip code has the highest median property tax rate of 0.90%, while the same 63043 zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Maryland Heights provides valuable insights into the varying tax landscape across St. Louis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maryland Heights 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 Maryland Heights, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63043 | 0.88% | 0.90% | 0.90% | 0.92% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Maryland Heights, Missouri
In Maryland Heights, 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 assessment authorities 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 Maryland Heights, 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 Maryland Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $198.00, found in zip code 63043.
Property Tax Assessment Values Across Maryland Heights, Missouri
Source: Ownwell
$1,100
$177,225
$353,350
Average Maryland Heights Assessed Value
$21,950
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 Maryland Heights, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63043 | $2,630 | $3,950 | $21,950 | $82,225 | $155,920 |
Source: Ownwell
Property Tax Bills Across Maryland Heights, Missouri
In Maryland Heights, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and represents a percentage of the property's market value. Factors such as property size, location, and improvements can impact this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For instance, if the assessed value of a home is $21,950, the tax bill can range significantly. Homeowners in Maryland Heights experience a wide range of tax bills, from the 25th percentile at $36 to the 90th percentile at $1,365. The median tax bill in the area is consistent at $198, as observed in the zip code 63043. These property taxes fund essential services such as schools, public safety, and infrastructure, directly affecting homeowners by contributing to the quality of life and community resources. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Maryland Heights Tax Bill
$198
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Maryland Heights, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63043 | $27 | $36 | $198 | $765 | $1,365 |
Source: Ownwell