Green City, Missouri Property Taxes
The median property tax rate in Green City, MO is 0.40%, significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Green City, the typical annual property tax bill is $402, well below the national median of $2,690. Property taxes in Green City 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 City'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 City or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Green City, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$383
Ownwell’s Green City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green City 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 Green City, Missouri
Property taxes in Green City, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green City is 0.85%, which is lower than the Missouri state median of 0.97% but still below the U.S. national median of 0.99%. Local government entities within Green City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green City 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 City's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65201 zip code has the highest median property tax rate of 1.25%, while the 65202 zip code has the lowest median tax rate of 0.60%. Understanding how these cities compare with Green City provides valuable insights into the varying tax landscape across 29211 County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green City Tax Rate
0.40%
Average Sullivan County Tax Rate
0.37%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63545 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Green City, Missouri
In Green City, 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 Sullivan 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 City, 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 City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills, both $402.00, are found in the 63545 zip code.
Average Green City Assessed Value
$95,855
Average Sullivan County Assessed Value
$82,754
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63545 | $12,118 | $44,422 | $96,520 | $159,410 | $248,862 |
Source: Ownwell
Property Tax Bills Across Green City, Missouri
In Green City, located in Sullivan County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area experience property tax bills that vary significantly depending on the assessed value of their property and the local tax rate. For example, the median home price in Green City is $95,855. Factors influencing the tax bill include the assessed value, local tax rates, and any applicable exemptions. The tax bill can range from the 25th percentile at $200 to the 75th percentile at $641, with some homeowners facing bills as high as the 90th percentile at $998. Comparatively, the national median property tax rate is 0.99%, making Green City's rates relatively moderate. Understanding these factors helps homeowners anticipate their annual property tax responsibilities and plan their finances accordingly.
Average Green City Tax Bill
$402
Average Sullivan County Tax Bill
$330
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Green City, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63545 | $62 | $200 | $402 | $641 | $998 |
Source: Ownwell