Raymondville, Missouri Property Taxes
The median property tax rate in Raymondville, MO is 0.80%, which is lower than both the national median of 0.99% and the Missouri state median of 1.20%. With a median home value of $63,990 in Raymondville, the typical annual property tax bill is $507, significantly below the national median of $2,690. Property taxes in Raymondville are calculated based on the assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Raymondville'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 Raymondville or another part of Texas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Raymondville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$512
Ownwell’s Raymondville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Raymondville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Raymondville 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 Raymondville, Missouri
Property taxes in Raymondville, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Raymondville is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Raymondville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Raymondville 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 Raymondville's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 65555 has both the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Raymondville provides valuable insights into the varying tax landscape across Texas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Raymondville Tax Rate
0.80%
Average Texas County Tax Rate
0.70%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Raymondville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65555 | 0.71% | 0.77% | 0.80% | 0.88% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Raymondville, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Raymondville, Texas County, Missouri. 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 local 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. 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 in Raymondville can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Raymondville is $63,990, with tax bills ranging from $285 at the 25th percentile to $1,180 at the 90th percentile. The highest and lowest median tax bill is $507 in the 65555 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Raymondville Assessed Value
$63,990
Average Texas County Assessed Value
$74,330
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Raymondville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65555 | $18,312 | $33,600 | $63,990 | $103,460 | $155,486 |
Source: Ownwell
Property Tax Bills Across Raymondville, Missouri
In Raymondville, Missouri, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Raymondville is $63,990. Property tax rates in this area can significantly impact homeowners, as they are used to fund essential services such as schools, roads, and emergency services. In Texas County, the median property tax bill stands at $507, which is considerably lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect to pay around $285, while those in the 75th percentile might see bills closer to $793. For properties in the 90th percentile, tax bills can reach up to $1,180. These figures highlight the range of property tax burdens that homeowners might face, depending on their property's assessed value. Understanding these factors is crucial for homeowners as they plan their finances and consider the long-term costs associated with property ownership in Raymondville.
Average Raymondville Tax Bill
$507
Average Texas County Tax Bill
$521
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Raymondville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65555 | $155 | $285 | $507 | $793 | $1,180 |
Source: Ownwell