South Greenfield, Missouri Property Taxes
The median property tax rate in South Greenfield, MO is 1.04%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With a median home value of $48,530 in South Greenfield, the typical annual property tax bill is around $508, well below the national median of $2,690. Property taxes in South Greenfield are calculated based on the tax assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding South Greenfield'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 South Greenfield or another part of Dade County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Greenfield, 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 South Greenfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Greenfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Greenfield 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 South Greenfield, Missouri
Property taxes in South Greenfield, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Greenfield is 1.04%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within South Greenfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Greenfield 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 South Greenfield's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65752 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with South Greenfield provides valuable insights into the varying tax landscape across Dade County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Greenfield Tax Rate
1.04%
Average Dade County Tax Rate
1.05%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Greenfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65752 | 0.84% | 0.95% | 1.04% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across South Greenfield, Missouri
In South Greenfield, 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 Dade 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 South Greenfield, 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 South Greenfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $48,530, with the highest median tax bill recorded at $508 in the 65752 zip code.
Property Tax Assessment Values Across South Greenfield, Missouri
Source: Ownwell
$39,360
$58,765
$78,170
Average South Greenfield Assessed Value
$48,530
Average Dade County Assessed Value
$50,295
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Greenfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65752 | $2,404 | $16,680 | $48,530 | $99,110 | $194,484 |
Source: Ownwell
Property Tax Bills Across South Greenfield, Missouri
In South Greenfield, located in Dade County, MO, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and represents a percentage of the property's market value. Various factors influence this assessment, including the property's size, location, and condition. The local tax rate is then applied to this assessed value to calculate the final tax bill. For homeowners in South Greenfield, property tax bills can vary significantly. The 25th percentile tax bill is around $171, while the 75th percentile reaches up to $950, and the 90th percentile can be as high as $1799. The median home price in the area is $48,530. Compared to the national median property tax rate of 0.99%, South Greenfield's tax bills reflect a more localized approach to property valuation and taxation. These taxes fund essential public services, impacting homeowners by contributing to community resources like schools, infrastructure, and emergency services.
Average South Greenfield Tax Bill
$508
Average Dade County Tax Bill
$544
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across South Greenfield, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65752 | $28 | $171 | $508 | $950 | $1,799 |
Source: Ownwell