Ash Grove, Missouri Property Taxes
The median property tax rate in Ash Grove, MO is 1.02%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With the median home value in Ash Grove at $104,050, the typical annual property tax bill amounts to $1,001, which is below the national median of $2,690. Property taxes in Ash Grove are based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Ash Grove'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 Ash Grove or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ash Grove, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,061
Ownwell’s Ash Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ash Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ash Grove 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 Ash Grove, Missouri
Property taxes in Ash Grove, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ash Grove is 1.02%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Ash Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ash Grove 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 Ash Grove's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65604 zip code has the highest median property tax rate of 1.02%, while the 65604 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Ash Grove provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ash Grove Tax Rate
1.02%
Average Greene County Tax Rate
1.01%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ash Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65604 | 0.88% | 0.92% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Ash Grove, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ash Grove, Missouri. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Greene County Assessor 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 Ash Grove, 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 Ash Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 65604 has a median tax bill of $1001, highlighting the variability in tax obligations within the region.
Average Ash Grove Assessed Value
$104,050
Average Greene County Assessed Value
$140,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ash Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65604 | $37,190 | $64,500 | $104,050 | $158,675 | $228,030 |
Source: Ownwell
Property Tax Bills Across Ash Grove, Missouri
In Ash Grove, located in Greene County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $104,050, the assessed value is determined by local assessment rates. The tax rate is then applied to this assessed value to calculate the annual property tax bill. Factors such as property location, market trends, and local government budgets influence these rates. In Ash Grove, property tax bills can vary significantly. Homeowners at the 25th percentile pay around $653 annually, while those at the 75th percentile face bills of approximately $1,533. At the 90th percentile, the tax bill can reach up to $2,113. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Ash Grove's rates are reflective of the local economic landscape and government funding needs.
Average Ash Grove Tax Bill
$1,001
Average Greene County Tax Bill
$1,465
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Ash Grove, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65604 | $386 | $653 | $1,001 | $1,533 | $2,113 |
Source: Ownwell