Wentzville, Missouri Property Taxes
The median property tax rate in Wentzville, MO is 1.21%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Wentzville, the typical annual property tax bill reaches $104, which is significantly lower than the national median of $2,690. Property taxes in Wentzville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wentzville'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 Wentzville 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
Wentzville, 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 Wentzville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wentzville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wentzville 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 Wentzville, Missouri
Property taxes in Wentzville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wentzville is 1.21%, which is higher than the U.S. national median of 0.99%. Local government entities within Wentzville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wentzville 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 Wentzville's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63385 zip code has the highest median property tax rate of 1.21%, while the 63385 zip code also has the lowest median tax rate of 1.21%. Understanding how these areas compare with Wentzville 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 Wentzville Tax Rate
1.21%
Average Morgan County Tax Rate
0.87%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wentzville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63385 | 0.83% | 0.92% | 1.21% | 1.82% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Wentzville, Missouri
In Wentzville, 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 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 Wentzville, 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 Wentzville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Wentzville is $104.00 in the 63385 zip code, while the lowest median tax bill is also $104.00 in the same zip code.
Average Wentzville Assessed Value
$7,200
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 Wentzville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63385 | $3,300 | $4,200 | $7,200 | $8,600 | $75,380 |
Source: Ownwell
Property Tax Bills Across Wentzville, Missouri
In Wentzville, located in Morgan County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Wentzville can expect a range of property tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is around $49, while at the 75th percentile, it's approximately $136. The highest median tax bill in the area is $104, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the home's market value, local tax rates, and any applicable exemptions. These tax bills fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. For homeowners, understanding these factors is crucial as they navigate their financial responsibilities and contribute to the community's well-being.
Average Wentzville Tax Bill
$104
Average Morgan County Tax Bill
$420
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wentzville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63385 | $39 | $49 | $104 | $136 | $719 |
Source: Ownwell