Kirkwood, Missouri Property Taxes
The median property tax rate in Kirkwood, MO is 1.17%, slightly higher than the national median of 0.99% but just below the Missouri state median of 1.20%. With a median home value of $420,600, the typical annual property tax bill in Kirkwood reaches $5,046, significantly exceeding the national median of $2,690. Property taxes in Kirkwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kirkwood'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 Kirkwood 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
Kirkwood, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$4,921
Ownwell’s Kirkwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kirkwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kirkwood 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 Kirkwood, Missouri
Property taxes in Kirkwood, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirkwood is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kirkwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirkwood 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 Kirkwood's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63122 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Kirkwood 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 Kirkwood Tax Rate
1.17%
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 Kirkwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63122 | 1.16% | 1.17% | 1.17% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Kirkwood, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kirkwood, 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. In Kirkwood, 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 example, the highest median tax bill in Kirkwood is $5,046 in the 63122 zip code, while the lowest is also $5,046 in the same 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 Kirkwood Assessed Value
$420,600
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 Kirkwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63122 | $244,540 | $309,850 | $420,600 | $645,975 | $854,820 |
Source: Ownwell
Property Tax Bills Across Kirkwood, Missouri
Property tax bills in Kirkwood, located in St. Louis County, Missouri, are calculated based on the assessed value of a property. The process begins with the local assessor determining the market value of a home, which is then adjusted to an assessed value by applying the state's assessment ratio. In Missouri, the assessment ratio for residential properties is typically 19%. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, market value, and any applicable exemptions or deductions. In Kirkwood, the median home price is $420,600, resulting in varying tax bills. For instance, the 25th percentile tax bill is $3,671, while the 75th percentile reaches $7,721, and the 90th percentile climbs to $10,299. The highest median tax bill in the area is $5,046. These taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting homeowners and their community.
Average Kirkwood Tax Bill
$5,046
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 Kirkwood, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63122 | $2,943 | $3,671 | $5,046 | $7,721 | $10,299 |
Source: Ownwell