High Ridge, Missouri Property Taxes
The median property tax rate in High Ridge, 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 High Ridge, the typical annual property tax bill reaches $7,239, exceeding the national median of $2,690. Property taxes in High Ridge 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 High Ridge'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 High Ridge 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
High Ridge, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$7,215
Ownwell’s High Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in High Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in High Ridge 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 High Ridge, Missouri
Property taxes in High Ridge, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in High Ridge is 1.41%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within High Ridge set these rates annually, and they can vary across different neighborhoods. Each year, High Ridge 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 High Ridge's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63049 zip code has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with High Ridge 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 High Ridge 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 High Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63049 | 1.41% | 1.41% | 1.41% | 1.41% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across High Ridge, Missouri
In High Ridge, 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 High Ridge, 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. For instance, the highest median tax bill in High Ridge is $7,239 in the 63049 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average High Ridge Assessed Value
$511,700
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 High Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63049 | $411,680 | $460,900 | $511,700 | $579,725 | $659,680 |
Source: Ownwell
Property Tax Bills Across High Ridge, Missouri
In High Ridge, located in St. Louis County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, this means that their tax liability is directly influenced by the market value of their property. The median home price in High Ridge stands at $511,700. Property tax rates in this area are crucial, as they can significantly impact annual expenses. The tax bill for homeowners in High Ridge varies widely. At the 25th percentile, the tax bill is around $6,526, while at the 75th percentile, it rises to approximately $8,189. For those at the 90th percentile, tax bills can reach up to $9,487. These figures highlight the range of property tax burdens within the community. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how local rates and assessed values can affect their overall tax obligations.
Average High Ridge Tax Bill
$7,239
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 High Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63049 | $5,819 | $6,526 | $7,239 | $8,189 | $9,487 |
Source: Ownwell