Gravois Mills, Missouri Property Taxes
The median property tax rate in Gravois Mills, MO is 0.84%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Gravois Mills being $76,606, the typical annual property tax bill is $642, which is well below the national median of $2,690. Property taxes in Gravois Mills are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Gravois Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Gravois Mills or another part of Camden County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gravois Mills, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$643
Ownwell’s Gravois Mills Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Gravois Mills to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan your finances accordingly. Scroll down to explore more localized information and trends in your neighborhood. Your property’s assessed value, determined by Camden County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Gravois Mills, Missouri
Property taxes in Gravois Mills, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gravois Mills is 0.84%, slightly lower than the U.S. national median of 0.99%. Local government entities within Gravois Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gravois Mills estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Gravois Mills' effective property tax rate to other counties in Missouri and the national median. For comparison, the 65037 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Gravois Mills provides valuable insights into the varying tax landscape across Camden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gravois Mills Tax Rate
0.84%
Average Camden County Tax Rate
0.84%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gravois Mills, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65037 | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Gravois Mills, Missouri
In Gravois Mills, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Camden County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Gravois Mills, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Gravois Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Gravois Mills is $76,606, with the highest median tax bill recorded at $642 in zip code 65037.
Average Gravois Mills Assessed Value
$76,606
Average Camden County Assessed Value
$77,579
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gravois Mills, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65037 | $3,390 | $16,052 | $76,606 | $130,908 | $193,547 |
Source: Ownwell
Property Tax Bills Across Gravois Mills, Missouri
In Gravois Mills, located in Camden County, MO, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which in this region is determined by the Camden County Assessor's office. For a median home price of $76,606, the property tax rate plays a crucial role in determining the final tax bill. Various factors influence the tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. Homeowners in Gravois Mills can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $133, while the 75th percentile tax bill can be as high as $1,099, and the 90th percentile tax bill reaches $1,630. This variability can significantly impact homeowners' financial planning and budgeting. Comparatively, the property tax rate in Gravois Mills is lower than the national median property tax rate of 0.99%, making it a relatively affordable location for homeowners. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their finances accordingly.
Average Gravois Mills Tax Bill
$642
Average Camden County Tax Bill
$645
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Gravois Mills, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65037 | $28 | $133 | $642 | $1,099 | $1,630 |
Source: Ownwell