Webster Groves, Missouri Property Taxes
The median property tax rate in Webster Groves, MO is 1.32%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Webster Groves at $361,800, the typical annual property tax bill reaches $4,766, exceeding the national median of $2,690. Property taxes in Webster Groves 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 Webster Groves' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Webster Groves 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
Webster Groves, 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 Webster Groves Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Webster Groves with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Webster Groves 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 Webster Groves, Missouri
Property taxes in Webster Groves, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Webster Groves is 1.32%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Webster Groves set these rates annually, and they can vary significantly across different neighborhoods. Each year, Webster Groves 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 Webster Groves' effective property tax rate to other areas in Missouri and the national median. For comparison, the 63119 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Webster Groves 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 Webster Groves Tax Rate
1.32%
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 Webster Groves, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63119 | 1.31% | 1.31% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Webster Groves, Missouri
In Webster Groves, 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 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 Webster Groves, 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 Webster Groves helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Webster Groves is $4,766, with the highest and lowest median tax bills both found in the 63119 zip code. This is significantly higher than the national median property tax rate of 0.99%. By understanding these nuances, homeowners can take proactive steps to ensure they are not overpaying on their property taxes.
Property Tax Assessment Values Across Webster Groves, Missouri
Source: Ownwell
$45,100
$756,500
$1,467,900
Average Webster Groves Assessed Value
$361,800
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 Webster Groves, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63119 | $239,220 | $297,000 | $361,800 | $479,500 | $575,880 |
Source: Ownwell
Property Tax Bills Across Webster Groves, Missouri
In Webster Groves, located in St. Louis County, MO, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For instance, with a median home price of $361,800, homeowners can expect their property tax bills to vary significantly. The tax bill for homes in the 25th percentile is around $3,921, while those in the 75th percentile face bills of approximately $6,298. High-value properties can see tax bills reaching up to $7,555 at the 90th percentile. Compared to the national median property tax rate of 0.99%, Webster Groves' property taxes are relatively high, reflecting the area's higher property values. These taxes fund essential local services such as schools, public safety, and infrastructure. Consequently, homeowners in Webster Groves need to budget for these expenses, which can significantly impact their overall financial planning and homeownership costs.
Average Webster Groves Tax Bill
$4,766
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 Webster Groves, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63119 | $3,167 | $3,921 | $4,766 | $6,298 | $7,555 |
Source: Ownwell