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Sullivan, Franklin County, Missouri Property Taxes

Median Sullivan, MO effective property tax rate: 1.10%, slightly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%. Median Sullivan, MO home value: $120,860. Median annual Sullivan, MO tax bill: $1,308, $1,092 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin County calculated?

Property taxes in Sullivan, 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 Sullivan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sullivan, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sullivan, Franklin County, Missouri Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$1,338

$1,242

Ownwell’s Sullivan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sullivan with just two data points. By entering your property's estimated assessed value, our calculator applies Sullivan’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sullivan, Franklin County, Missouri

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process. In Sullivan, located in Franklin County, Missouri, the effective property tax rate stands at 1.10%, which is higher than the national median of 1.02%. This places Sullivan among the cities with the highest median property tax rates in Missouri. When compared to the national median property tax bill of $2400, property owners in Sullivan may find their tax bills higher, reflecting the region's higher tax rate. Understanding these differences can help property owners anticipate their tax obligations and explore potential savings through appeals and exemptions.

Property Tax Rates Across Sullivan, Franklin County, Missouri

Source: Ownwell

0.91%

1.17%

1.43%

Our median effective property tax rate (tax bill Ă· 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 Sullivan Tax Rate

1.10%

Our median effective property tax rate (tax bill Ă· 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

1.09%

Median Effective Missouri Tax Rate

1.25%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sullivan, Franklin County, Missouri

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
630800.98%1.02%1.10%1.10%1.10%

Source: Ownwell

Property Tax Assessment Values Across Sullivan, Franklin County, Missouri

When examining property taxes in Sullivan, MO, 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 appraisal district 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 April. 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 Sullivan. For example, the median home price in Sullivan is $120,860, with tax bills ranging significantly across the county. 63080 has the highest median home price at $120,860.

Property Tax Assessment Values Across Sullivan, Franklin County, Missouri

Source: Ownwell

$80,560

$347,615

$614,670

Median Sullivan Market Value

$121,660

Median Franklin County Market Value

$144,980

Median Missouri Market Value

$136,526

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sullivan, Franklin County, Missouri

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
63080$51,299$82,312$121,660$172,432$233,371

Source: Ownwell

Property Tax Bills Across Sullivan, Franklin County, Missouri

In Sullivan, located in Franklin County, MO, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is typically a percentage of the market value, which can fluctuate based on various factors including property improvements and market conditions. Homeowners in Sullivan face a median property tax bill of $1,308, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $932 and the 75th percentile at $1,825. This variation underscores the importance of ensuring your property is assessed fairly. For homeowners, an over-assessment can lead to unnecessarily high tax bills, affecting household budgets. Ownwell can assist by reviewing your property's assessed value and identifying potential savings. Our experts analyze local market data and assessment practices to ensure you are not overpaying. By appealing incorrect assessments, Ownwell can help reduce your property tax bill, providing financial relief and peace of mind.

Property Tax Bills Across Sullivan, Franklin County, Missouri

Source: Ownwell

$904

$4,459

$8,013

Median Sullivan Tax Bill

$1,325

Median Franklin County Tax Bill

$1,730

Median Missouri Tax Bill

$1,684

Median United States Tax Bill

$2,400

Property Tax Bills Across Sullivan, Franklin County, Missouri

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
63080$652$943$1,325$1,847$2,443

Source: Ownwell

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