Rockville, Missouri Property Taxes
The median property tax rate in Rockville, MO is 0.96%, slightly below the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Rockville at $109,100, the typical annual property tax bill reaches $1,194, which is lower than the national median of $2,690. Property taxes in Rockville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Rockville'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 Rockville or another part of St. Clair County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rockville, 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 Rockville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockville 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 Rockville, Missouri
Property taxes in Rockville, Missouri, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockville is 0.96%, which is lower than the U.S. national median of 0.99%. Local government entities within Rockville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockville 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. Understanding how Rockville's effective property tax rate compares to other areas in St. Clair County provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rockville Tax Rate
0.96%
Average St. Clair County Tax Rate
1.03%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64780 | 0.81% | 0.88% | 0.96% | 1.07% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Rockville, Missouri
In Rockville, 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. Clair 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 Rockville, 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 Rockville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 64780, with a median bill of $1194, while the lowest is also 64780, with the same median bill of $1194.
Average Rockville Assessed Value
$109,100
Average St. Clair County Assessed Value
$27,650
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rockville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64780 | $13,950 | $34,475 | $109,100 | $195,125 | $285,750 |
Source: Ownwell
Property Tax Bills Across Rockville, Missouri
In Rockville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $109,100, the tax bill can vary significantly. The 25th percentile tax bill stands at $329, while the 75th percentile tax bill reaches $1,777, and the 90th percentile can go up to $2,782. These variations depend on factors like property location within the city, property size, and any applicable exemptions or deductions. The assessed value is multiplied by the local tax rate to determine the tax bill. In St. Clair County, where Rockville is located, homeowners might face different tax rates depending on specific municipal requirements. Compared to the national median property tax rate of 0.99%, Rockville's rates can be relatively high or low, impacting homeowners' annual expenses. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Rockville Tax Bill
$1,194
Average St. Clair County Tax Bill
$244
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64780 | $172 | $329 | $1,194 | $1,777 | $2,782 |
Source: Ownwell