Wright City, Warren County, Missouri Property Taxes
The median property tax rate in Wright City, MO is 1.19%, slightly higher than the national median of 0.99% but just below Missouri's state median of 1.20%. With the median home value in Wright City at $138,886, the typical annual property tax bill is $1,666, which is lower than the national median of $2,690. Property taxes in Wright City 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 Wright City'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 Wright City 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
Wright City, Warren County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,653
$1,534
Ownwell’s Wright City Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Wright City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wright City 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 Wright City, Warren County, Missouri
Property taxes in Wright City, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wright City is 1.19%, which is higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Wright City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wright City 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 Wright City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 63390 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Wright City provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wright City Tax Rate
1.19%
Average Warren County Tax Rate
1.14%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wright City, Warren County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63390 | 1.12% | 1.14% | 1.19% | 1.19% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Wright City, Warren County, Missouri
In Wright City, 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 Warren 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 Wright City, 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 Wright City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $138,886, with tax bills ranging from $947 at the 25th percentile to $3,399 at the 90th percentile. The highest and lowest median tax bill, both at $1,666, are found in the 63390 zip code.
Property Tax Assessment Values Across Wright City, Warren County, Missouri
Source: Ownwell
$37,757
$106,561
$175,365
Average Wright City Assessed Value
$138,886
Average Warren County Assessed Value
$120,064
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wright City, Warren County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63390 | $40,739 | $81,302 | $138,886 | $193,784 | $291,833 |
Source: Ownwell
Property Tax Bills Across Wright City, Warren County, Missouri
In Wright City, located in Warren County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the home's location, size, and condition play a significant role in its assessed value. For homeowners in Wright City, the median home price stands at $138,886. Tax bills can vary widely, with the 25th percentile at $947 and the 75th percentile reaching $2,327. At the 90th percentile, tax bills can be as high as $3,399. These figures indicate that while some homeowners may pay less, others could face substantially higher property tax bills. Compared to the national median property tax rate of 0.99%, Wright City's tax bills reflect a diverse range, impacting homeowners differently based on their property's assessed value. This variability underscores the importance of understanding local property tax dynamics to better manage financial planning.
Average Wright City Tax Bill
$1,666
Average Warren County Tax Bill
$1,370
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wright City, Warren County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63390 | $479 | $947 | $1,666 | $2,327 | $3,399 |
Source: Ownwell