Grand Pass, Missouri Property Taxes
The median property tax rate in Grand Pass, MO is 1.32%, considerably higher than both the national median of 0.99% and Missouri's state median of 1.20%. With the median home value in Grand Pass at $67,310, the typical annual property tax bill reaches $888, which is below the national median of $2,690. Property taxes in Grand Pass 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 Grand Pass'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 Grand Pass 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
Grand Pass, 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 Grand Pass Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grand Pass with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Grand Pass to provide an estimated property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Grand Pass, Missouri
Property taxes in Grand Pass, Missouri, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Pass is 0.98%, which is lower than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Grand Pass set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Pass 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 Grand Pass's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65339 has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Grand Pass provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grand Pass Tax Rate
1.32%
Average Saline County Tax Rate
1.17%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Pass, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65339 | 0.83% | 1.32% | 1.32% | 1.32% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Grand Pass, Missouri
In Grand Pass, 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 Saline 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 Grand Pass, 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. The median home price in Grand Pass is $67,310, with tax bills ranging from $437 at the 25th percentile to $2,861 at the 90th percentile. The zip code 65339 has the highest and lowest median tax bill at $888. Being aware of these valuation processes in Grand Pass helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grand Pass Assessed Value
$67,310
Average Saline County Assessed Value
$78,621
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grand Pass, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65339 | $17,743 | $34,042 | $67,310 | $91,528 | $211,661 |
Source: Ownwell
Property Tax Bills Across Grand Pass, Missouri
In Grand Pass, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, if a home is valued at the median home price of $67,310, the assessed value will be determined by local assessment practices. Tax rates are then applied to this assessed value to calculate the annual property tax bill. Various factors, such as property location, improvements, and local tax levies, influence the final amount. Homeowners in Grand Pass can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $437, while the 75th percentile reaches up to $1,257, and the 90th percentile can be as high as $2,861. Compared to the national median property tax rate of 0.99%, Grand Pass residents experience a range of tax burdens, impacting their overall cost of homeownership. This variation underscores the importance of understanding local property tax calculations and how they affect individual financial planning.
Average Grand Pass Tax Bill
$888
Average Saline County Tax Bill
$974
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Pass, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65339 | $235 | $437 | $888 | $1,257 | $2,861 |
Source: Ownwell