Grandin, Missouri Property Taxes
The median property tax rate in Grandin, MO is 0.69%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $32,800 in Grandin, the typical annual property tax bill amounts to $221, which is well below the national median of $2,690. Property taxes in Grandin are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grandin'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 Grandin or another part of Ripley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grandin, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$226
Ownwell’s Grandin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grandin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grandin 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 Grandin, Missouri
Property taxes in Grandin, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grandin is 0.69%, lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Grandin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grandin 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 Grandin's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 63943 has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Grandin provides valuable insights into the varying tax landscape across Ripley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grandin Tax Rate
0.69%
Average Ripley County Tax Rate
0.74%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grandin, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63943 | 0.61% | 0.64% | 0.69% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Grandin, Missouri
In Grandin, 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 Ripley 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 Grandin, 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. The median home price in Grandin is $32,800, with tax bills ranging from $71 at the 25th percentile to $630 at the 90th percentile. The highest median tax bill stands at $221 in the 63943 zip code, which is also the lowest median tax bill. By understanding 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 Grandin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grandin Assessed Value
$32,800
Average Ripley County Assessed Value
$32,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grandin, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63943 | $3,190 | $12,350 | $32,800 | $58,925 | $94,320 |
Source: Ownwell
Property Tax Bills Across Grandin, Missouri
In Grandin, located in Ripley County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Grandin is $32,800. The property tax rate in the area is applied to this assessed value to determine the annual tax bill. For homeowners, the tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $71, whereas at the 75th percentile, it rises to $387, and at the 90th percentile, it reaches $630. These variations are influenced by factors such as property size, location, and any applicable exemptions. The highest and lowest median tax bill in the zip code 63943 is $221. Compared to the national median property tax rate of 0.99%, Grandin's property tax bills can be relatively lower, offering some relief to homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Grandin Tax Bill
$221
Average Ripley County Tax Bill
$258
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Grandin, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63943 | $22 | $71 | $221 | $387 | $630 |
Source: Ownwell