Green Ridge, Missouri Property Taxes
The median property tax rate in Green Ridge, MO is 0.96%, slightly below the national median of 0.99% and significantly lower than the Missouri state median of 1.20%. With a median home value of $101,120 in Green Ridge, the typical annual property tax bill is approximately $1,029, which is less than the national median of $2,690. Property taxes in Green Ridge are based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Green Ridge's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Green Ridge or another part of the city, grasping 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
0.96%
Estimate Property Tax Bill
$971
Ownwell’s Green Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green Ridge 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 Pettis County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Green Ridge, Missouri
Property taxes in Green Ridge, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Ridge is 0.96%, slightly 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 counties in Missouri and the national median. For comparison, the 65332 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Green Ridge provides valuable insights into the varying tax landscape across Pettis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Ridge Tax Rate
0.96%
Average Pettis County Tax Rate
1.16%
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 | 0.82% | 0.90% | 0.96% | 1.14% | 1.15% |
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 Pettis 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 zip code 65332 has both the highest and lowest median tax bill of $1,029.
Average Green Ridge Assessed Value
$101,120
Average Pettis County Assessed Value
$83,765
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 | $36,260 | $62,695 | $101,120 | $171,255 | $259,010 |
Source: Ownwell
Property Tax Bills Across Green Ridge, Missouri
In Green Ridge, located in Pettis County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners in Green Ridge, the median home price is $101,120. Property taxes are then determined by applying the local tax rate to this assessed value. Various factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Green Ridge can expect their annual tax bills to vary significantly. For instance, the 25th percentile of tax bills is around $633, while those in the 75th percentile pay about $1,608. At the higher end, the 90th percentile sees tax bills reaching up to $2,392. These figures illustrate the range of property tax burdens that residents might face, depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Green Ridge's property tax rates can significantly impact homeowners, influencing their financial planning and overall cost of living.
Average Green Ridge Tax Bill
$1,029
Average Pettis County Tax Bill
$930
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 | $371 | $633 | $1,029 | $1,608 | $2,392 |
Source: Ownwell