Saint Mary, Missouri Property Taxes
The median property tax rate in Saint Mary, MO is 0.84%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $131,192 in Saint Mary, the typical annual property tax bill amounts to $1,054, which is below the national median of $2,690. Property taxes in Saint Mary are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Saint Mary'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 Saint Mary or another part of Perry County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Mary, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,102
Ownwell’s Saint Mary Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Mary with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Mary 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 Saint Mary, Missouri
Property taxes in Saint Mary, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Mary is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Mary set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Mary 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 Saint Mary's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63673 in Perry County has the same median property tax rate of 0.84%. Understanding how these areas compare with Saint Mary 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 Saint Mary Tax Rate
0.84%
Average Perry County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Mary, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63673 | 0.74% | 0.80% | 0.84% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Saint Mary, Missouri
In Saint Mary, 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 Perry County Assessor 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 Saint Mary, 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. The median home price in Saint Mary is $131,192, with tax bills ranging from $674 at the 25th percentile to $1,877 at the 90th percentile. The highest and lowest median tax bills are both $1,054, found in the 63673 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Mary Assessed Value
$131,192
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 Saint Mary, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63673 | $37,973 | $83,251 | $131,192 | $178,963 | $224,856 |
Source: Ownwell
Property Tax Bills Across Saint Mary, Missouri
In Saint Mary, located in Perry County, MO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in this area is $131,192. To determine the tax bill, the assessed value is multiplied by the local tax rate. Various factors influence the final tax bill, including property size, location, and any applicable exemptions. For homeowners, the property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $674, while at the 75th percentile, it reaches $1483. At the 90th percentile, it can go as high as $1877. These variations highlight how individual property characteristics and local tax rates impact the overall tax burden. When compared to the national median property tax rate of 0.99%, Saint Mary's tax bills reflect the specific economic and property value conditions of the area. Homeowners must consider these factors when budgeting for annual property taxes, as they directly affect homeownership costs.
Average Saint Mary Tax Bill
$1,054
Average Perry County Tax Bill
$1,096
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Mary, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63673 | $315 | $674 | $1,054 | $1,483 | $1,877 |
Source: Ownwell