Cadet, Washington County, Missouri Property Taxes
The median property tax rate in Cadet, MO is 1.02%, slightly above the national median of 0.99% but below Missouri's state median of 1.20%. With a median home value of $38,660 in Cadet, the typical annual property tax bill amounts to $384, which is significantly lower than the national median of $2,690. Property taxes in Cadet are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Cadet'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 Cadet or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cadet, Washington County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$394
$366
Ownwell’s CADET Property Tax Bill Calculator provides a simple way for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in CADET with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CADET 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 Cadet, Washington County, Missouri
Property taxes in Cadet, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cadet is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Cadet set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cadet 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 Cadet's effective property tax rate to other areas within Washington County and the national median. For comparison, the zip code 63630 has both the highest and lowest median property tax rate in the area, at 1.02%. Understanding how these areas compare with Cadet provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cadet Tax Rate
1.02%
Average Washington County Tax Rate
0.96%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cadet, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63630 | 0.90% | 0.99% | 1.02% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Cadet, Washington County, Missouri
In Cadet, 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 Washington 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 Cadet, 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 Cadet helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both occur in the 63630 zip code, with a median tax bill of $384.
Property Tax Assessment Values Across Cadet, Washington County, Missouri
Source: Ownwell
$14,300
$48,465
$82,630
Average Cadet Assessed Value
$38,660
Average Washington County Assessed Value
$37,210
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cadet, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63630 | $14,934 | $22,720 | $38,660 | $69,388 | $116,040 |
Source: Ownwell
Property Tax Bills Across Cadet, Washington County, Missouri
In CADET, Washington County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Several factors influence this value, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in CADET, the median home price stands at $38,660. The tax bill can vary significantly, with the 25th percentile at $224 and the 75th percentile at $672. At the 90th percentile, homeowners might see a tax bill as high as $1,170. These figures illustrate the range of possible tax burdens, reflecting differences in property values and specific circumstances. Compared to the national median property tax rate of 0.99%, CADET's tax rates can be seen as relatively moderate, providing a balanced approach to funding local services while maintaining affordability for homeowners.
Average Cadet Tax Bill
$384
Average Washington County Tax Bill
$361
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Cadet, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63630 | $149 | $224 | $384 | $672 | $1,170 |
Source: Ownwell