Fenton, St. Louis County, Missouri Property Taxes
The median property tax rate in Fenton, MO is 1.41%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Fenton, the typical annual property tax bill reaches $4,320, exceeding the national median of $2,690. Property taxes in Fenton 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 Fenton'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 Fenton 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
Fenton, St. Louis County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$4,350
$4,037
Ownwell’s Fenton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Fenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fenton to provide an estimated 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 Fenton, St. Louis County, Missouri
Property taxes in Fenton, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fenton is 1.41%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Fenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fenton 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 these cities compare with Fenton 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 Fenton Tax Rate
1.41%
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 Fenton, St. Louis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63026 | 1.35% | 1.41% | 1.41% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Fenton, St. Louis County, Missouri
In Fenton, 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 Fenton, 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 Fenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 63026 has the highest median tax bill at $4,320.
Property Tax Assessment Values Across Fenton, St. Louis County, Missouri
Source: Ownwell
$54,800
$761,350
$1,467,900
Average Fenton Assessed Value
$308,500
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 Fenton, St. Louis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63026 | $201,000 | $230,100 | $308,500 | $392,600 | $494,580 |
Source: Ownwell
Property Tax Bills Across Fenton, St. Louis County, Missouri
In Fenton, located in St. Louis County, MO, property tax bills are calculated based on the assessed value of a home. This value is typically a percentage of the property's market value, which is determined by the county assessor. The local tax rate is then applied to this assessed value to determine the final tax bill. Homeowners in Fenton can expect tax bills that vary significantly. For instance, the 25th percentile tax bill is about $3,241, while the 75th percentile reaches $5,497, and the 90th percentile can be as high as $6,914. These figures illustrate the variation in property tax burdens across different properties within the city. Compared to the national median property tax rate of 0.99%, Fenton’s property tax rates can be relatively high, impacting homeowners' annual expenses. The highest and lowest median tax bills in the 63026 zip code both stand at $4,320, indicating a consistent tax rate across different homes in this area. Understanding these factors helps homeowners anticipate their financial obligations and manage their budgets effectively.
Average Fenton Tax Bill
$4,320
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 Fenton, St. Louis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63026 | $2,841 | $3,241 | $4,320 | $5,497 | $6,914 |
Source: Ownwell