Mineral Point, Washington County, Missouri Property Taxes

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

Median Mineral Point, MO effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Mineral Point, MO home value: $33,140
Median annual Mineral Point, MO tax bill: $303, $2,097 lower than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

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

Last Updated March 1, 2025

Mineral Point, Washington County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$302

$280

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

Property Tax Rates Across Mineral Point, Washington County, Missouri

Local government entities set tax rates, leading to significant variations within a state. Annually, each county, including Washington County, estimates its required budget to provide essential services. This budget is then divided by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Mineral Point, located in Washington County, the effective property tax rate is reflective of this process. When comparing Mineral Point's rate to other cities in Missouri, it provides insight into local tax burdens. Missouri's median property tax rate is below the national median of 1.02%, offering a relatively affordable tax environment. This contrasts with the national landscape, where the median property tax bill is $2,400. Understanding these differences is crucial for property owners and potential buyers in Missouri, as it impacts overall affordability and financial planning.

Property Tax Rates Across Mineral Point, Washington County, Missouri

Source: Ownwell

0.91%

1.04%

1.18%

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 Mineral Point Tax Rate

0.91%

Median Effective Washington County Tax Rate

0.96%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mineral Point, Washington County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
63660	0.87%	0.90%	0.91%	0.91%	0.92%
63648	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mineral Point, Washington County, Missouri

When examining property taxes in Mineral Point, 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 Washington County Assessor's Office 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 Washington County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Mineral Point. For example, the median home price in Mineral Point is $33,140, with tax bills ranging significantly across the county. 63660 has the highest median home price at $33,200.

Property Tax Assessment Values Across Mineral Point, Washington County, Missouri

Source: Ownwell

$14,300

$48,465

$82,630

Median Mineral Point Market Value

$33,140

Median Washington County Market Value

$37,210

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mineral Point, Washington County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
63660	$11,163	$18,472	$33,200	$62,790	$110,180
63648	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mineral Point, Washington County, Missouri

In Mineral Point, Washington County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $33,140, homeowners in this area might expect their tax bills to be lower than the national median property tax bill of $2,400. In fact, the highest median tax bill in the area is $303, significantly below the national median. Factors such as property improvements, changes in the local tax rate, and reassessments can influence a homeowner's tax bill. High property taxes can be a burden, but Ownwell can help. By providing professional property tax appeal services, Ownwell assists homeowners in potentially reducing their assessed values, ensuring they aren't overpaying. This can lead to substantial savings, providing financial relief and peace of mind for homeowners.

Property Tax Bills Across Mineral Point, Washington County, Missouri

Source: Ownwell

$152

$493

$834

Median Mineral Point Tax Bill

$303

Median Washington County Tax Bill

$361

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Mineral Point, Washington County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
63660	$105	$173	$303	$579	$1,030
63648	N/A	N/A	N/A	N/A	N/A

Source: Ownwell