Grayridge, Missouri Property Taxes
The median property tax rate in Grayridge, MO is 1.00%, slightly above the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Grayridge at $55,200, the typical annual property tax bill amounts to $614, which is significantly less than the national median of $2,690. Property taxes in Grayridge are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Grayridge'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 Grayridge or another part of Stoddard County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grayridge, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$552
Ownwell’s GRAYRIDGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in GRAYRIDGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in GRAYRIDGE 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 Grayridge, Missouri
Property taxes in Grayridge, Missouri, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Grayridge is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Grayridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grayridge 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 Grayridge's effective property tax rate to other areas in Missouri and the national median. For comparison, the zip code 63850 has both the highest and lowest median property tax rate in the region, at 1.00%. Understanding how these areas compare with Grayridge provides valuable insights into the varying tax landscape across Stoddard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grayridge Tax Rate
1.00%
Average Stoddard County Tax Rate
0.85%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grayridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63850 | 0.84% | 0.94% | 1.00% | 1.00% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Grayridge, Missouri
In Grayridge, 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 Stoddard 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 Grayridge, 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 Grayridge stands at $55,200, with tax bills ranging from $295 at the 25th percentile to $1,251 at the 90th percentile. Interestingly, the zip code 63850 holds both the highest and lowest median tax bill at $614. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grayridge Assessed Value
$55,200
Average Stoddard County Assessed Value
$85,450
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grayridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63850 | $3,420 | $10,800 | $55,200 | $86,200 | $110,580 |
Source: Ownwell
Property Tax Bills Across Grayridge, Missouri
In Grayridge, located in Stoddard County, MO, calculating property tax bills involves assessing the property's value and applying the local tax rate. Homeowners' tax bills are primarily determined by the assessed value of their property, which is a percentage of the market value. For Grayridge, the median home price stands at $55,200. Various factors influence the final tax bill, including property improvements, location, and changes in the real estate market. Homeowners in Grayridge can expect tax bills ranging from the 25th percentile at $295 to the 90th percentile at $1,251, demonstrating significant variation based on property value and other factors. Compared to the national median property tax rate of 0.99%, Grayridge offers relatively affordable property taxes. However, the impact on homeowners can still be substantial, particularly for those with higher-valued properties. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Grayridge Tax Bill
$614
Average Stoddard County Tax Bill
$758
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Grayridge, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63850 | $29 | $295 | $614 | $762 | $1,251 |
Source: Ownwell