Berkeley, Missouri Property Taxes
The median property tax rate in Berkeley, MO is 1.46%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Berkeley, the typical annual property tax bill reaches $825, which is significantly lower than the national median of $2,690. Property taxes in Berkeley 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 Berkeley'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 Berkeley 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
Berkeley, 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 Berkeley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Berkeley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Berkeley 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 Berkeley, Missouri
Property taxes in Berkeley, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Berkeley is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Berkeley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berkeley 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 Berkeley's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63134 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Berkeley provides valuable insights into the varying tax landscape across St. Louis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berkeley Tax Rate
1.46%
Average St. Louis County Tax Rate
1.35%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berkeley, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63134 | 1.45% | 1.45% | 1.46% | 1.47% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Berkeley, Missouri
In Berkeley, 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. Louis 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 Berkeley, 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 Berkeley is $56,500, with tax bills ranging from $658 at the 25th percentile to $1,035 at the 90th percentile. The highest and lowest median tax bills are both $825 in the 63134 zip code. 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 Berkeley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Berkeley Assessed Value
$56,500
Average St. Louis County Assessed Value
$226,500
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berkeley, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63134 | $39,140 | $45,100 | $56,500 | $63,700 | $71,460 |
Source: Ownwell
Property Tax Bills Across Berkeley, Missouri
In Berkeley, located in St. Louis County, MO, property tax bills are calculated based on the assessed value of a property. The assessed value is a percentage of the property's market value, which in Berkeley has a median home price of $56,500. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property improvements, location, and market conditions influence the assessed value, while local government budgets and voter-approved levies affect the tax rate. For homeowners in Berkeley, the property tax bill can vary significantly. The 25th percentile tax bill is $658, while the 75th percentile reaches $925, and the 90th percentile can go up to $1,035. This range indicates how different factors can impact what homeowners owe. Compared to the national median property tax rate of 0.99%, Berkeley's tax rates reflect the local economic and governmental landscape, directly affecting homeowners' annual financial obligations. Understanding these factors can help homeowners better anticipate and manage their property tax expenses.
Average Berkeley Tax Bill
$825
Average St. Louis County Tax Bill
$3,143
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Berkeley, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63134 | $565 | $658 | $825 | $925 | $1,035 |
Source: Ownwell