Sullivan, Washington County, Missouri Property Taxes
The median property tax rate in Sullivan, MO is 1.12%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $14,300 in Sullivan, the typical annual property tax bill is $152, which is significantly below the national median of $2,690. Property taxes in Sullivan are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Sullivan'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 Sullivan or another part of Washington County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sullivan, Washington County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$160
$149
Ownwell’s Sullivan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sullivan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sullivan 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 Sullivan, Washington County, Missouri
Property taxes in Sullivan, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sullivan is 1.12%, which is higher than the U.S. national median of 0.99%. Local government entities within Sullivan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sullivan 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. Understanding how Sullivan's effective property tax rate compares to other areas 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 Sullivan Tax Rate
1.12%
Average Washington County Tax Rate
0.96%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sullivan, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63080 | 0.87% | 1.07% | 1.12% | 1.13% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Sullivan, Washington County, Missouri
In Sullivan, 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 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 Sullivan, 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 Sullivan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sullivan are both $152.00, found in the zip code 63080. This highlights the uniformity in property tax bills within this area, making it essential for property owners to stay informed and proactive in managing their property taxes.
Property Tax Assessment Values Across Sullivan, Washington County, Missouri
Source: Ownwell
$14,300
$48,465
$82,630
Average Sullivan Assessed Value
$14,300
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 Sullivan, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63080 | $3,170 | $5,250 | $14,300 | $44,890 | $90,750 |
Source: Ownwell
Property Tax Bills Across Sullivan, Washington County, Missouri
In Sullivan, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which is determined by county assessors. Factors such as property size, location, and condition are considered. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in Sullivan, the median property tax bill is $152.00, significantly lower than the national median property tax rate of 0.99%. This lower tax rate can provide substantial savings for homeowners. The 25th percentile tax bill is $56, while the 75th percentile tax bill is $479, indicating a range of possible tax amounts depending on property value and other factors. At the 90th percentile, the tax bill can reach up to $911. Understanding these factors can help homeowners in Sullivan anticipate their annual property tax obligations and plan their finances accordingly.
Average Sullivan Tax Bill
$152
Average Washington County Tax Bill
$361
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sullivan, Washington County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63080 | $34 | $56 | $152 | $479 | $911 |
Source: Ownwell