When considering a move to the Midwest, many homebuyers are drawn by the charm, affordability, and top-tier amenities that these regions offer. One particularly appealing feature of some Midwest city is their property tax rates—or lack thereof. In this article, we will explore property tax in these Midwest cities, where you might be surprised to find a 0% property tax rate.
Ballwin, Missouri: A Tax-Free Midwest City
Ballwin, MO, stands out as a prime example of a city with no municipal property tax. Since 1987, this suburb of St. Louis has not levied any property taxes on its residents. Despite this, the city continues to thrive, offering excellent public services and a high quality of life, all funded through alternative revenue streams like sales taxes, utility taxes, and recreational revenues.
Located just 30 minutes from St. Louis, Ballwin has become an attractive destination for homebuyers. It ranked second on the Realtor.com® Hottest ZIP Codes of 2024 list, and for good reason. With a median home list price of $409,000—significantly lower than the national average—and a highly rated school system, Ballwin offers both affordability and quality living.
Exploring Other Hot Midwest Cities
While Ballwin may top the list for its 0% property tax, other Midwest cities are also drawing attention for their appealing living conditions. Highland, IN, for instance, has become a popular choice for those looking to live near Chicago. With its affordable housing market and excellent amenities, Highland provides a great balance of suburban tranquility and urban accessibility.
Similarly, Macungie, PA, located near Allentown, offers a blend of small-town charm with proximity to larger cities. These cities, along with others like Gahanna, OH (Columbus, OH), are part of the reason why the Midwest continues to attract homebuyers.
The Impact of 0% Property Tax on Homebuyers
For many homebuyers, the absence of a property tax can be a game-changer. Retirees on fixed incomes, in particular, find Ballwin’s 0% property tax especially appealing. With no additional tax burden, residents can afford to purchase larger or more desirable homes within their budgets. This financial advantage, coupled with Ballwin’s robust economy and low unemployment rates, makes the city an ideal place to live.
The lack of property tax has not hindered the city’s growth or its ability to provide essential services. Ballwin’s local government has cleverly utilized other revenue sources, ensuring that residents do not miss out on any amenities or services. From well-maintained parks to excellent recreational facilities, Ballwin continues to offer a high standard of living.
Why More Buyers Are Moving to the Midwest
The appeal of Midwest cities like Ballwin extends beyond just the property tax benefits. The region’s blend of small-town charm, affordability, and proximity to major urban centers makes it a hot spot for homebuyers. Ballwin, with its zero property tax, stands out as a unique example, but it is not the only city in the Midwest offering such advantages.
Other cities on the Realtor.com® Hottest ZIP Codes of 2024 list, such as Highland, IN, and Gahanna, OH, exemplify the Midwest’s draw. These cities, along with others like Salem, MA (Boston, MA), Rochester, NY, and Basking Ridge, NJ (New York, NY), are all part of the growing trend of homebuyers choosing the Midwest for its unique blend of affordability and quality of life.
As companies increasingly return to in-office work, cities like Ballwin, which offer a commutable distance to major hubs like St. Louis, are becoming even more desirable. The combination of economic opportunities, low living costs, and excellent amenities makes the Midwest an attractive option for buyers from across the country.
Consider the Midwest for Your Next Move
If you’re in the market for a new home, exploring property tax in these Midwest cities could reveal some unexpected benefits. Cities like Ballwin, MO, offer a rare opportunity to live in a thriving community without the burden of property taxes. With the added appeal of affordability, excellent amenities, and a welcoming community, the Midwest might just be the best place for your next move.
