Weldon Spring, Missouri Property Taxes
The median property tax rate in Weldon Spring, MO is 1.03%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $489,381 in Weldon Spring, the typical annual property tax bill reaches $4,952, surpassing the national median of $2,690. Property taxes in Weldon Spring are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Weldon Spring'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 Weldon Spring 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
Weldon Spring, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$5,041
Ownwell’s Weldon Spring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weldon Spring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weldon Spring 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 Weldon Spring, Missouri
Property taxes in Weldon Spring, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weldon Spring is 1.03%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Weldon Spring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weldon Spring 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 Weldon Spring's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63304 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Weldon Spring 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 Weldon Spring Tax Rate
1.03%
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 Weldon Spring, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63304 | 0.95% | 0.98% | 1.03% | 1.06% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Weldon Spring, Missouri
In Weldon Spring, 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 Weldon Spring, 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 Weldon Spring helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63304 has the same highest and lowest median tax bill at $4,952, reflecting the uniformity in property tax assessments within the area.
Average Weldon Spring Assessed Value
$489,381
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 Weldon Spring, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63304 | $227,230 | $376,111 | $489,381 | $645,866 | $803,543 |
Source: Ownwell
Property Tax Bills Across Weldon Spring, Missouri
In Weldon Spring, located in St. Charles County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property location, home size, and market conditions are considered in the assessment process. Homeowners in Weldon Spring can expect varying tax bills. For example, the tax bill at the 25th percentile is $3,670, while at the 75th percentile, it is $6,578. At the 90th percentile, it reaches $8,312. The highest median tax bill in the area stands at $4,952, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential community services such as public schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners better manage their finances and anticipate annual expenses.
Average Weldon Spring Tax Bill
$4,952
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 Weldon Spring, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63304 | $2,309 | $3,670 | $4,952 | $6,578 | $8,312 |
Source: Ownwell