Friedheim, Missouri Property Taxes
The median property tax rate in Friedheim, MO is 0.82%, 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 Friedheim at $291,684, the typical annual property tax bill comes to $2,380, falling below the national median of $2,690. Property taxes in Friedheim are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Friedheim'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 Friedheim or another part of Perry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Friedheim, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$2,392
Ownwell’s Friedheim Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Friedheim with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Friedheim to provide an estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the figure assigned by Perry County for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Friedheim, Missouri
Property taxes in Friedheim, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Friedheim is 0.82%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Friedheim set these rates annually, and they can vary significantly across different neighborhoods. Each year, Friedheim 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 Friedheim's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63747 in Perry County has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Friedheim provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Friedheim Tax Rate
0.82%
Average Perry County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Friedheim, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63747 | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Friedheim, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Friedheim, Missouri. The market value represents 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 local authorities in Perry County 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 Friedheim, 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 Friedheim helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Friedheim is $291,684. The zip code 63747 has the highest and lowest median tax bill of $2,380. By understanding these details, homeowners can make informed decisions about their property taxes.
Average Friedheim Assessed Value
$291,684
Average Perry County Assessed Value
$121,185
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Friedheim, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63747 | $291,684 | $291,684 | $291,684 | $291,684 | $291,684 |
Source: Ownwell
Property Tax Bills Across Friedheim, Missouri
In Friedheim, located in Perry County, MO, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Friedheim stands at $291,684, which serves as the basis for calculating property taxes. The assessed value is a percentage of this market value, and local tax rates are then applied to this assessed value to determine the final tax bill. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Friedheim can expect a median property tax bill of $2,380, which is consistent across various percentiles, indicating a stable tax environment. This amount is notably higher than the national median property tax rate of 0.99%, reflecting the specific fiscal needs and policies of the area. For homeowners, understanding these components is crucial as they directly impact annual financial planning. High property taxes can affect affordability and long-term investment decisions, making it essential to stay informed about local tax policies.
Average Friedheim Tax Bill
$2,380
Average Perry County Tax Bill
$1,096
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Friedheim, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63747 | $2,380 | $2,380 | $2,380 | $2,380 | $2,380 |
Source: Ownwell