Grandview, Missouri Property Taxes
The median property tax rate in Grandview, MO is 1.63%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Grandview, the typical annual property tax bill reaches $1,795, still below the national median of $2,690. Property taxes in Grandview are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grandview'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 Grandview or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grandview, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$1,760
Ownwell’s Grandview Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grandview with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grandview 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 Grandview, Missouri
Property taxes in Grandview, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grandview is 1.63%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Grandview set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grandview 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 Grandview's effective property tax rate to other counties in Missouri and the national median. For comparison, the 64030 zip code has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Grandview provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grandview Tax Rate
1.63%
Average Jackson County Tax Rate
1.56%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grandview, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64030 | 1.63% | 1.63% | 1.63% | 1.63% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Grandview, Missouri
In Grandview, 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 Jackson County Assessment Department 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 Grandview, 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 Grandview helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Grandview are both $1,795, found in the 64030 zip code.
Average Grandview Assessed Value
$108,000
Average Jackson County Assessed Value
$127,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grandview, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64030 | $60,000 | $81,000 | $108,000 | $142,000 | $184,520 |
Source: Ownwell
Property Tax Bills Across Grandview, Missouri
In Grandview, Jackson County, MO, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $108,000, homeowners can expect different tax bills depending on their property's specific assessed value and the applicable tax rate. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions. The tax bill in Grandview varies significantly, with the 25th percentile at $1,338 and the 75th percentile at $2,366. For those at the 90th percentile, the tax bill can reach up to $3,100. Compared to the national median property tax rate of 0.99%, homeowners in Grandview face a diverse range of tax bills, affecting their annual financial planning. Understanding these factors can help homeowners anticipate their tax obligations and budget accordingly.
Average Grandview Tax Bill
$1,795
Average Jackson County Tax Bill
$2,070
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Grandview, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64030 | $979 | $1,338 | $1,795 | $2,366 | $3,100 |
Source: Ownwell