Chesterfield, Franklin County, Missouri Property Taxes
Median Chesterfield, MO effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Chesterfield, MO home value: $274,770
Median annual Chesterfield, MO tax bill: $3,438, $1,038 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in Chesterfield, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Chesterfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chesterfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chesterfield, Franklin County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.25%
Estimate Property Tax Bill
$3,435
$3,187
Property Tax Rates Across Chesterfield, Franklin County, Missouri
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Chesterfield, located in St. Louis County, Missouri, the effective property tax rate is a crucial factor for homeowners. Chesterfield's effective property tax rate is 1.25%, which is higher than the national median property tax rate of 1.02%. Compared to other cities in Missouri, Chesterfield stands out with a consistent rate across its jurisdiction.
For homeowners in Chesterfield, understanding how these rates compare to both state and national figures can provide valuable insight into their property tax obligations. With the national median property tax bill at $2,400, Chesterfield residents might find their tax bills reflecting the higher rate, impacting their annual financial planning. Whether you are a current homeowner or considering a move to Chesterfield, being informed about these rates can help you make more strategic decisions regarding your property investments.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Chesterfield Tax Rate
1.25%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Franklin County Tax Rate
1.08%
Median Effective Missouri Tax Rate
1.20%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chesterfield, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | 1.22% | 1.25% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Chesterfield, Franklin County, Missouri
When examining property taxes in Chesterfield, Missouri, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Chesterfield.
For example, the median home price in Chesterfield is $274,770, with tax bills ranging significantly across the county. Zip code 63005 has the highest median home price at $274,770.
Property Tax Assessment Values Across Chesterfield, Franklin County, Missouri
Source: Ownwell
$94,900
$354,785
$614,670
Median Chesterfield Market Value
$274,770
Median Franklin County Market Value
$143,800
Median Missouri Market Value
$129,505
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chesterfield, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | $209,082 | $223,595 | $274,770 | $367,295 | $473,122 |
Source: Ownwell
Property Tax Bills Across Chesterfield, Franklin County, Missouri
In Chesterfield, 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. In Chesterfield, the median property tax bill is notably higher than the national median, reflecting the area's higher home values. Factors such as home improvements and changes in market conditions can affect a home's assessed value, leading to fluctuations in tax bills. Homeowners in Chesterfield often face tax bills ranging from $2,798 to $5,920, depending on their property's value and location.
Ownwell assists homeowners by identifying potential savings through property tax appeals. Our team of experts reviews property assessments to ensure they are fair and accurate. If discrepancies are found, we work to appeal the assessment, potentially lowering the tax bill. This service can be particularly beneficial in areas like Chesterfield, where property tax bills are higher than the national average, offering homeowners a chance to reduce their financial burden.
Median Chesterfield Tax Bill
$3,438
Median Franklin County Tax Bill
$1,687
Median Missouri Tax Bill
$1,606
Median United States Tax Bill
$2,400
Property Tax Bills Across Chesterfield, Franklin County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63005 | $2,616 | $2,798 | $3,438 | $4,596 | $5,920 |
Source: Ownwell