Saint Louis, Missouri Property Taxes
The median property tax rate in Saint Louis, MO is 0.93%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $31,900 in Saint Louis, the typical annual property tax bill is around $296, which is considerably less than the national median of $2,690. Property taxes in Saint Louis are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding the intricacies of Saint Louis's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Saint Louis or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Louis, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$297
Ownwell’s Saint Louis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Louis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Louis 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 Saint Louis, Missouri
Property taxes in Saint Louis, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Louis is 0.93%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Saint Louis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Louis 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 Saint Louis's effective property tax rate to other areas in Missouri and the national median. For comparison, the 63104 zip code has the highest median property tax rate of 0.93%, while the 63105 zip code has the lowest median tax rate of 0.93%. Understanding how these areas compare with Saint Louis provides valuable insights into the varying tax landscape across Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Louis Tax Rate
0.93%
Average Stone County Tax Rate
0.93%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63104 | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% |
| 63105 | 0.93% | 0.93% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Saint Louis, Missouri
In Saint Louis, 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 Stone 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 Saint Louis, 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. The median home price in Saint Louis is $31,900, with tax bills ranging from $223 at the 25th percentile to $415 at the 90th percentile. The highest median tax bill is $444 in the 63105 zip code, while the lowest median tax bill is $149 in the 63104 zip code. By understanding 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 Saint Louis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Louis Assessed Value
$31,900
Average Stone County Assessed Value
$50,150
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63104 | $16,000 | $16,000 | $16,000 | $16,000 | $16,000 |
| 63105 | $47,800 | $47,800 | $47,800 | $47,800 | $47,800 |
Source: Ownwell
Property Tax Bills Across Saint Louis, Missouri
In Saint Louis, Stone County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value. For homeowners, this means that the tax bill is directly influenced by the market conditions and the specific characteristics of their property. Several factors are considered when determining the tax bill, including the property's location, size, and condition. For example, the median home price in Saint Louis is $31,900. Homeowners in the 25th percentile can expect a tax bill of around $223, while those in the 75th percentile might see a bill closer to $370. The highest median tax bill in the area is $444, found in zip code 63105, whereas the lowest is $149 in zip code 63104. These property taxes fund essential local services such as schools, public safety, and infrastructure, making timely payment crucial for maintaining community standards.
Average Saint Louis Tax Bill
$296
Average Stone County Tax Bill
$460
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Louis, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63104 | $149 | $149 | $149 | $149 | $149 |
| 63105 | $444 | $444 | $444 | $444 | $444 |
Source: Ownwell