French Village, Missouri Property Taxes
The median property tax rate in French Village, MO is 0.84%, which is lower than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in French Village at $109,680, the typical annual property tax bill is about $876, significantly below the national median of $2,690. Property taxes in French Village are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding French Village'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 French Village 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
French Village, 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 French Village Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in French Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in French Village 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 Ste. Genevieve County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across French Village, Missouri
Property taxes in French Village, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in French Village is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within French Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, French Village 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 French Village's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63036 has both the highest and lowest median property tax rate of 0.84%. Understanding how these areas compare with French Village provides valuable insights into the varying tax landscape across Ste. Genevieve County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average French Village Tax Rate
0.84%
Average Ste. Genevieve County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across French Village, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63036 | 0.77% | 0.81% | 0.84% | 0.85% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across French Village, Missouri
In French Village, 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 Ste. Genevieve 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 French Village, 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 French Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $876, found in zip code 63036.
Property Tax Assessment Values Across French Village, Missouri
Source: Ownwell
$76,010
$114,808
$153,605
Average French Village Assessed Value
$109,680
Average Ste. Genevieve County Assessed Value
$98,970
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across French Village, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63036 | $5,540 | $45,860 | $109,680 | $144,500 | $186,390 |
Source: Ownwell
Property Tax Bills Across French Village, Missouri
In French Village, Ste. Genevieve County, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the property's market value. Homeowners in French Village can expect varying tax bills depending on several factors, including the property's assessed value and the local tax rate. The median home price in French Village is $109,680, and the median property tax bill is $876.00, which is below the national median property tax rate of 0.99%. Homeowners in the area might see tax bills as low as $369 at the 25th percentile or as high as $1454 at the 90th percentile. These variations are influenced by the property's assessed value and any applicable exemptions or deductions. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly. The property tax system in French Village aims to distribute the tax burden fairly while funding essential community services.
Average French Village Tax Bill
$876
Average Ste. Genevieve County Tax Bill
$853
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across French Village, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63036 | $42 | $369 | $876 | $1,192 | $1,454 |
Source: Ownwell