Fredericktown, Madison County, Missouri Property Taxes

Name: Property Tax Bills Across Fredericktown, Madison County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fredericktown, MO effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Fredericktown, MO home value: $52,535
Median annual Fredericktown, MO tax bill: $542, $1,858 lower than the national median property tax bill of $2,400.

How are property taxes in Madison County calculated?

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

Last Updated March 1, 2025

Fredericktown, Madison County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$573

$531

Ownwell’s Fredericktown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fredericktown with just two data points. By entering your property's estimated assessed value, our calculator applies Fredericktown’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 Madison County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fredericktown, Madison County, Missouri

Local government entities establish tax rates, which can significantly differ within a state. This variation arises because each county annually estimates its necessary budget to deliver services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the essence of the yearly process. You can compare Fredericktown’s effective property tax rate to other cities in Missouri and the median property tax rates in Missouri and the U.S. Fredericktown, located in Madison County, has a median property tax rate of 1.09%, which aligns with the highest and lowest rates in the region. This rate is slightly above the national median property tax rate of 1.02%. When considering property tax bills, the national median stands at $2,400. Understanding these rates can help property owners in Fredericktown make informed decisions about property tax appeals and exemptions, ensuring they are not overpaying compared to the national and state averages.

Property Tax Rates Across Fredericktown, Madison County, Missouri

Source: Ownwell

0.89%

0.99%

1.09%

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 Fredericktown Tax Rate

1.09%

Median Effective Madison County Tax Rate

1.09%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fredericktown, Madison County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
63645	0.97%	1.06%	1.09%	1.20%	1.20%

Source: Ownwell

Property Tax Assessment Values Across Fredericktown, Madison County, Missouri

When examining property taxes in Fredericktown, 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 Madison County 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. In Madison 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 Fredericktown. For example, the median home price in Fredericktown is $52,535, with tax bills ranging significantly across the county. 63645 has the highest median home price at $52,535.

Property Tax Assessment Values Across Fredericktown, Madison County, Missouri

Source: Ownwell

$36,190

$50,060

$63,930

Median Fredericktown Market Value

$52,535

Median Madison County Market Value

$49,890

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fredericktown, Madison County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
63645	$3,414	$20,930	$52,535	$95,085	$145,856

Source: Ownwell

Property Tax Bills Across Fredericktown, Madison County, Missouri

In Fredericktown, located in Madison County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the tax bill. Factors such as local government budgets and school funding needs influence the tax rate, impacting the final bill amount. For homeowners in Fredericktown, the median property tax bill is notably lower than the national median of $2,400, with the highest median tax bill recorded at $542 in the 63645 zip code. This lower tax burden can be a relief, but there is still potential for savings. Ownwell helps homeowners by reviewing their property tax assessments and identifying opportunities for appeals or exemptions. By leveraging local market data and expertise, Ownwell ensures homeowners are not overpaying, potentially saving them significant amounts on their property tax bills. This service is particularly valuable in keeping housing costs manageable in Fredericktown.

Property Tax Bills Across Fredericktown, Madison County, Missouri

Source: Ownwell

$197

$370

$542

Median Fredericktown Tax Bill

$542

Median Madison County Tax Bill

$502

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Fredericktown, Madison County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
63645	$33	$216	$542	$930	$1,395

Source: Ownwell