Wayne County Property Taxes
The median property tax rate in Wayne County is 0.77%, which is significantly lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Wayne County, the typical annual property tax bill reaches $122, far below the national median of $2,690. Property taxes in Wayne County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Wayne County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Greenville or another part of Wayne County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wayne County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$123
Ownwell’s Wayne County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wayne County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wayne County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wayne County, Missouri
Property taxes in Wayne County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wayne County is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Wayne County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wayne County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Wayne County's effective property tax rate with other counties in Missouri and the national median. For comparison, the city of Patterson has one of the higher property tax rates in Missouri at 0.81%, while the city of Mc Gee boasts one of the lowest at 0.69%. Analyzing how Wayne County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wayne County Tax Rate
0.77%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wayne County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cascade | 0.62% | 0.67% | 0.73% | 0.75% | 0.76% |
| Clubb | 0.68% | 0.73% | 0.75% | 0.75% | 0.76% |
| Ellsinore | 0.68% | 0.71% | 0.76% | 0.78% | 0.79% |
| Greenville | 0.70% | 0.75% | 0.75% | 0.75% | 0.76% |
| Lodi | 0.67% | 0.69% | 0.75% | 0.75% | 0.75% |
| Lowndes | N/A | N/A | N/A | N/A | N/A |
| Marquand | 0.72% | 0.75% | 0.75% | 0.76% | 0.76% |
| Mc Gee | 0.61% | 0.65% | 0.69% | 0.70% | 0.70% |
| Mill Spring | N/A | N/A | N/A | N/A | N/A |
| Patterson | 0.74% | 0.78% | 0.81% | 0.82% | 0.82% |
| Piedmont | N/A | N/A | N/A | N/A | N/A |
| Silva | 0.67% | 0.73% | 0.75% | 0.75% | 0.76% |
| Wappapello | 0.75% | 0.78% | 0.79% | 0.79% | 0.79% |
| Williamsville | 0.74% | 0.75% | 0.75% | 0.75% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Wayne County, Missouri
In Wayne County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Wayne County Appraisal District. The assessed value, however, 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 in Wayne County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The cities with the highest and lowest median tax bills in Wayne County are Ellsinore at $363.00 and Marquand at $105.00, respectively. Being aware of these valuation processes in Wayne County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Wayne County Assessed Value
$16,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wayne County, Missouri
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cascade | $3,350 | $9,175 | $18,600 | $89,850 | $115,790 |
| Clubb | $2,100 | $7,550 | $19,300 | $44,125 | $83,000 |
| Ellsinore | $5,690 | $13,475 | $36,400 | $58,600 | $65,080 |
| Greenville | $1,300 | $3,800 | $19,000 | $39,600 | $69,380 |
| Lodi | $3,750 | $8,625 | $13,900 | $39,875 | $64,980 |
| Lowndes | N/A | N/A | N/A | N/A | N/A |
| Marquand | $1,100 | $1,100 | $14,000 | $50,200 | $58,500 |
| Mc Gee | $2,100 | $8,350 | $25,300 | $67,975 | $96,670 |
| Mill Spring | N/A | N/A | N/A | N/A | N/A |
| Patterson | $2,500 | $9,125 | $34,600 | $65,350 | $108,170 |
| Piedmont | N/A | N/A | N/A | N/A | N/A |
| Silva | $1,840 | $7,950 | $23,600 | $51,900 | $81,780 |
| Wappapello | $1,600 | $3,300 | $9,800 | $33,350 | $69,500 |
| Williamsville | $1,150 | $3,525 | $18,700 | $41,075 | $79,750 |
Source: Ownwell
Property Tax Bills Across Wayne County, Missouri
In Wayne County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county uses an assessment ratio to determine this value, and then applies the local tax rate to calculate the tax bill. Various factors are considered in this process, including the property's location, size, and any improvements made. Homeowners in Wayne County experience a wide range of property tax bills. For example, the 25th percentile tax bill is around $25, while the 75th percentile reaches $332. At the higher end, the 90th percentile tax bill climbs to $617. In comparison, the national median property tax rate is 0.99%, making Wayne County's tax bills relatively modest. The impact on homeowners varies significantly within the county. In Ellsinore, the highest median tax bill is $363, whereas in Marquand, the lowest median tax bill is $105. This variation underscores the importance of understanding local property tax assessments and their implications on overall housing costs.
Average Wayne County Tax Bill
$122
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Wayne County, Missouri
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cascade | $25 | $65 | $130 | $663 | $819 |
| Clubb | $16 | $55 | $155 | $324 | $610 |
| Ellsinore | $76 | $183 | $363 | $445 | $494 |
| Greenville | $10 | $29 | $138 | $292 | $499 |
| Lodi | $27 | $56 | $147 | $307 | $538 |
| Lowndes | N/A | N/A | N/A | N/A | N/A |
| Marquand | $8 | $8 | $105 | $372 | $441 |
| Mc Gee | $15 | $52 | $158 | $455 | $624 |
| Mill Spring | N/A | N/A | N/A | N/A | N/A |
| Patterson | $20 | $76 | $282 | $527 | $863 |
| Piedmont | N/A | N/A | N/A | N/A | N/A |
| Silva | $13 | $59 | $178 | $376 | $561 |
| Wappapello | $12 | $25 | $76 | $265 | $539 |
| Williamsville | $8 | $25 | $140 | $308 | $605 |
Source: Ownwell
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