Green Ridge, Missouri Property Taxes
The median property tax rate in Green Ridge, MO is 0.72%, considerably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Green Ridge, the typical annual property tax bill reaches $190, far below the national median of $2,690. Property taxes in Green Ridge 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 Green Ridge'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 Green Ridge 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
Green Ridge, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$189
Ownwell’s GREEN RIDGE Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in GREEN RIDGE with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in GREEN RIDGE to estimate your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Green Ridge, Missouri
Property taxes in Green Ridge, Missouri, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Ridge is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Green Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green Ridge 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 Green Ridge's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 65332 has both the highest and lowest median property tax rate of 0.72%. Understanding how these areas compare with Green Ridge provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Ridge Tax Rate
0.72%
Average Johnson County Tax Rate
1.24%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65332 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Green Ridge, Missouri
In Green Ridge, 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 Johnson 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 Green Ridge, 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 Green Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $190, found in the 65332 zip code.
Average Green Ridge Assessed Value
$26,242
Average Johnson County Assessed Value
$74,883
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65332 | $26,242 | $26,242 | $26,242 | $26,242 | $26,242 |
Source: Ownwell
Property Tax Bills Across Green Ridge, Missouri
In Green Ridge, located in Johnson County, MO, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in this area is $26,242. The tax rate is applied to this assessed value to determine the annual tax bill. For Green Ridge, the property tax bills tend to be quite uniform, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $190. This consistency suggests a stable taxation environment for homeowners, providing predictability in annual expenses. Several factors influence these tax bills, including local government budgets, school funding needs, and public services. For homeowners, understanding how these elements interact can help in planning and budgeting. Compared to the national median property tax rate of 0.99%, Green Ridge offers relatively low property taxes, which can be a significant advantage for residents, particularly those on fixed incomes or with limited financial flexibility.
Average Green Ridge Tax Bill
$190
Average Johnson County Tax Bill
$947
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Green Ridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65332 | $190 | $190 | $190 | $190 | $190 |
Source: Ownwell