St Peters, Missouri Property Taxes
The median property tax rate in St. Peters, MO is 1.23%, considerably higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in St. Peters at $80,039, the typical annual property tax bill reaches $873, which is still below the national median of $2,690. Property taxes in St. Peters 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 St. Peters' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of St. Peters 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
St Peters, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$984
Ownwell’s ST PETERS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ST PETERS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ST PETERS 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 Peters, Missouri
Property taxes in ST PETERS, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ST PETERS is 1.23%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within ST PETERS set these rates annually, and they can vary significantly across different neighborhoods. Each year, ST PETERS 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 PETERS's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63376 zip code has the highest median property tax rate of 1.23%, while the same 63376 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with ST PETERS provides valuable insights into the varying tax landscape across St. Charles County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average St Peters Tax Rate
1.23%
Average St. Charles County Tax Rate
1.08%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across St Peters, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63376 | 1.09% | 1.16% | 1.23% | 1.31% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across St Peters, Missouri
In St. Peters, 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 St. Charles 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 St. Peters, 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. Peters helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the 63376 zip code are both $873.
Average St Peters Assessed Value
$80,039
Average St. Charles County Assessed Value
$293,699
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across St Peters, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63376 | $8,235 | $22,468 | $80,039 | $261,897 | $341,428 |
Source: Ownwell
Property Tax Bills Across St Peters, Missouri
In St. Peters, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $80,039. To determine the tax bill, local authorities apply the tax rate to the assessed value. Factors such as the property's location, improvements, and exemptions can influence the assessed value. Homeowners in St. Peters can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $310, while at the 75th percentile, it rises to $2,877. The 90th percentile sees tax bills as high as $3,698. This variation depends on the home’s assessed value and applicable exemptions. The median property tax rate in St. Peters is considerably lower than the national median of 0.99%. Homeowners benefit from relatively lower tax burdens, making the area more affordable compared to other regions. However, understanding how these taxes are calculated can help homeowners manage their finances better and potentially appeal their tax assessments.
Average St Peters Tax Bill
$873
Average St. Charles County Tax Bill
$3,174
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across St Peters, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63376 | $109 | $310 | $873 | $2,877 | $3,698 |
Source: Ownwell