Pilot Grove, Missouri Property Taxes
The median property tax rate in Pilot Grove, MO is 1.24%, higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Pilot Grove at $73,700, the typical annual property tax bill reaches $946, which is below the national median of $2,690. Property taxes in Pilot Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pilot Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pilot Grove or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pilot Grove, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Pilot Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pilot Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pilot Grove to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pilot Grove, Missouri
Property taxes in Pilot Grove, Missouri, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pilot Grove is 0.87%, which is lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Pilot Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pilot Grove 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 Pilot Grove's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in Cooper County is 1.24%, while the lowest median tax rate is also 1.24%. Understanding how these cities compare with Pilot Grove provides valuable insights into the varying tax landscape across Cooper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pilot Grove Tax Rate
1.24%
Average Cooper County Tax Rate
1.38%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pilot Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65276 | 0.97% | 1.11% | 1.24% | 1.40% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Pilot Grove, Missouri
In Pilot Grove, 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 Cooper County Assessor 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 Pilot Grove, 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 Pilot Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $946 in the 65276 zip code, which is also the lowest.
Average Pilot Grove Assessed Value
$73,700
Average Cooper County Assessed Value
$83,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pilot Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65276 | $33,400 | $48,400 | $73,700 | $126,400 | $184,500 |
Source: Ownwell
Property Tax Bills Across Pilot Grove, Missouri
Property tax bills in Pilot Grove, located in Cooper County, MO, are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. In Pilot Grove, the median home price is $73,700, which provides a baseline for tax calculations. Homeowners in this region can expect their tax bills to vary widely, with the 25th percentile tax bill at $610 and the 75th percentile reaching $1,519. At the 90th percentile, tax bills can go up to $2,231. These calculations are influenced by multiple factors including property improvements, changes in market conditions, and local tax rates. The median property tax rate in Pilot Grove is aligned with the national median rate of 0.99%, making it a significant consideration for homeowners when budgeting for annual expenses. Understanding how these factors come into play can help homeowners anticipate their property tax obligations and plan accordingly.
Average Pilot Grove Tax Bill
$946
Average Cooper County Tax Bill
$1,092
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Pilot Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65276 | $424 | $610 | $946 | $1,519 | $2,231 |
Source: Ownwell