Irondale, Missouri Property Taxes
The median property tax rate in Irondale, MO is 1.08%, which is higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $84,290, the typical annual property tax bill in Irondale amounts to $895, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural land. Navigating Irondale's property tax system, exploring available exemptions, and identifying potential reductions can yield significant annual savings. Whether you're located in the heart of Irondale or its surrounding areas, gaining a thorough understanding of the local property tax system can greatly benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Irondale, 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 Irondale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irondale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irondale 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 Irondale, Missouri
Property taxes in Irondale, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Irondale is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Irondale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irondale 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 Irondale's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63648 has both the highest and lowest median property tax rate of 1.08%. Understanding how these areas compare with Irondale provides valuable insights into the varying tax landscape across St. Francois County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Irondale Tax Rate
1.08%
Average St. Francois County Tax Rate
1.00%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irondale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63648 | 0.99% | 1.04% | 1.08% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Irondale, Missouri
Understanding the difference between "market value" and "assessed value" in Irondale, Missouri, 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. Francois County Appraisal District 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 Irondale, 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 Irondale is $84,290, with tax bills ranging from $471 at the 25th percentile to $1,984 at the 90th percentile. Notably, the zip code with the highest median tax bill is 63648, amounting to $895. 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 their tax burden.
Average Irondale Assessed Value
$84,290
Average St. Francois County Assessed Value
$72,730
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Irondale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63648 | $16,608 | $49,215 | $84,290 | $134,005 | $187,988 |
Source: Ownwell
Property Tax Bills Across Irondale, Missouri
Property tax bills in Irondale, nestled in St. Francois County, MO, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Irondale stands at $84,290. Local tax authorities apply the appropriate tax rate to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including property size, location, and any applicable exemptions. For homeowners, this means that their tax bills can vary significantly. For instance, in Irondale, tax bills at the 25th percentile are around $471, while those at the 75th percentile reach approximately $1,411. At the 90th percentile, homeowners might see tax bills as high as $1,984. This variation significantly impacts household budgets, making it essential for homeowners to understand their property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Irondale offers a relatively affordable tax environment, which can be beneficial for both current and prospective homeowners.
Average Irondale Tax Bill
$895
Average St. Francois County Tax Bill
$732
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Irondale, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63648 | $151 | $471 | $895 | $1,411 | $1,984 |
Source: Ownwell