Brentwood, Missouri Property Taxes
The median property tax rate in Brentwood, MO is 1.28%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Brentwood at $246,500, the typical annual property tax bill reaches $3,161, exceeding the national median of $2,690. Property taxes in Brentwood 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 Brentwood'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 Brentwood 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
Brentwood, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$3,155
Ownwell’s Brentwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brentwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brentwood 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 Brentwood, Missouri
Property taxes in Brentwood, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brentwood is 1.28%, higher than the U.S. national median of 0.99%. Local government entities within Brentwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brentwood 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 Brentwood's effective property tax rate to other counties in the nation and the national median. For comparison, the zip code 63144 has both the highest and lowest median property tax rate of 1.28%. Understanding how these areas compare with Brentwood 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 Brentwood Tax Rate
1.28%
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 Brentwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63144 | 1.27% | 1.28% | 1.28% | 1.28% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Brentwood, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brentwood, Missouri. 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 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. Assessment notices in Brentwood 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 Brentwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest and lowest median tax bill is 63144 at $3,161.
Average Brentwood Assessed Value
$246,500
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 Brentwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63144 | $214,740 | $225,400 | $246,500 | $372,600 | $485,920 |
Source: Ownwell
Property Tax Bills Across Brentwood, Missouri
In Brentwood, located in St. Louis County, MO, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, if the median home price is $246,500, the assessed value would be a fraction of this amount, determined by local assessment rates. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's location within specific zip codes, local tax levies, and any applicable exemptions. Homeowners in Brentwood can expect tax bills that vary significantly. At the 25th percentile, the tax bill is around $2,895, while at the 75th percentile, it reaches $4,752. For those in the 90th percentile, it can go as high as $6,182. The highest median tax bill in the area is $3,161, which is considerably higher than the national median property tax rate of 0.99%. These taxes directly impact homeowners by influencing their overall cost of living and potentially affecting their decisions regarding property investments and homeownership.
Average Brentwood Tax Bill
$3,161
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 Brentwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63144 | $2,760 | $2,895 | $3,161 | $4,752 | $6,182 |
Source: Ownwell