Warrenton, Missouri Property Taxes
The median property tax rate in Warrenton, MO is 2.11%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Warrenton, the typical annual property tax bill reaches $44, which is significantly lower than the national median of $2,690. Property taxes in Warrenton are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Warrenton'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 Warrenton 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
Warrenton, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$44
Ownwell’s Warrenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warrenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warrenton 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 Warrenton, Missouri
Property taxes in Warrenton, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warrenton is 0.97%, slightly lower than both the Missouri state median of 1.00% and the U.S. national median of 0.99%. Local government entities within Warrenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warrenton 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 Warrenton's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63383 zip code has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with Warrenton 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 Warrenton Tax Rate
2.11%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warrenton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63383 | 2.11% | 2.11% | 2.11% | 2.11% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Warrenton, Missouri
In Warrenton, 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 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 Warrenton, 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 Warrenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, in Warrenton, the 25th percentile tax bill is around $44, while the 90th percentile tax bill is also around $44, reflecting a relatively narrow range in property tax bills.
Average Warrenton Assessed Value
$2,100
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 Warrenton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63383 | $2,100 | $2,100 | $2,100 | $2,100 | $2,100 |
Source: Ownwell
Property Tax Bills Across Warrenton, Missouri
In Warrenton, located in Morgan County, MO, property tax bills are determined based on the assessed value of the property. The assessed value is a percentage of the market value, which is calculated by the county assessor. This assessed value is then multiplied by the local tax rate to determine the final tax bill. Several factors influence the assessed value, including property size, location, and condition. Homeowners in Warrenton can expect their tax bills to reflect these considerations. For example, the median home price in the area is around $2,100, and tax bills typically range from the 25th percentile at $44 to the 90th percentile, which remains consistent at $44. Compared to the national median property tax rate of 0.99%, Warrenton's property tax rate can significantly impact homeowners, providing a relatively predictable and stable tax bill. This stability can be beneficial for budgeting and financial planning, ensuring homeowners are well-prepared for their annual property tax obligations.
Average Warrenton Tax Bill
$44
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Warrenton, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63383 | $44 | $44 | $44 | $44 | $44 |
Source: Ownwell