St Anne, Missouri Property Taxes
The median property tax rate in St. Anne, MO is 0.92%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in St. Anne at $118,700, the typical annual property tax bill is $1,096, significantly below the national median of $2,690. Property taxes in St. Anne are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding St. Anne'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 St. Anne or another part of Morgan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
St Anne, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,092
Ownwell’s St. Anne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in St. Anne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in St. Anne 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 St Anne, Missouri
Property taxes in St. Anne, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in St. Anne is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within St. Anne set these rates annually, and they can vary significantly across different neighborhoods. Each year, St. Anne 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 St. Anne's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63074 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 cities compare with St. Anne 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 St Anne 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 St Anne, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63074 | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across St Anne, Missouri
In St Anne, 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 St Anne, 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 St Anne 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 $1,096, found in the 63074 zip code.
Average St Anne Assessed Value
$118,700
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 St Anne, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63074 | $118,700 | $118,700 | $118,700 | $118,700 | $118,700 |
Source: Ownwell
Property Tax Bills Across St Anne, Missouri
In St. Anne, located in Morgan County, MO, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and represents a percentage of the property's market value. Once the assessed value is established, the local tax rate, which is applied per $1,000 of assessed value, is used to calculate the tax bill. Several factors influence the final tax bill, including the property's location, its assessed value, and applicable exemptions or deductions. For instance, the median home price in St. Anne is $118,700, and the median tax bill stands at $1,096, which is higher than the national median property tax rate of 0.99%. Homeowners in St. Anne can expect their property tax bills to affect their annual budgeting significantly. The tax bill impacts the overall cost of owning a home, influencing decisions related to home purchases, refinancing, and long-term financial planning. By understanding how these factors interplay, homeowners can better anticipate and manage their property tax obligations.
Average St Anne Tax Bill
$1,096
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across St Anne, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63074 | $1,096 | $1,096 | $1,096 | $1,096 | $1,096 |
Source: Ownwell