Grubville, Missouri Property Taxes
The median property tax rate in Grubville, MO is 1.43%, considerably higher than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Grubville at $92,850, the typical annual property tax bill reaches $1,211, which is below the national median of $2,690. Property taxes in Grubville 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 Grubville'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 Grubville 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
Grubville, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$1,328
Ownwell’s Grubville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grubville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grubville 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 Grubville, Missouri
Property taxes in Grubville, Missouri, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Grubville is 1.43%, significantly higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Grubville set these rates annually, and they can vary across different neighborhoods. Each year, Grubville 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 Grubville's effective property tax rate to other regions in Missouri and the national median. For comparison, the zip code 63041 has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these figures compare with Grubville provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grubville Tax Rate
1.43%
Average Jefferson County Tax Rate
1.33%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grubville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63041 | 1.42% | 1.43% | 1.43% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Grubville, Missouri
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Grubville, 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 Jefferson 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 Grubville, 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. In Grubville, the median home price is $92,850, with tax bills varying significantly. The 25th percentile tax bill is $607, while the 75th percentile reaches $1,637. The highest median tax bill, found in zip code 63041, is $1,211. By being aware of these valuation processes, homeowners can identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Grubville Assessed Value
$92,850
Average Jefferson County Assessed Value
$133,600
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grubville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63041 | $35,450 | $43,675 | $92,850 | $115,075 | $127,350 |
Source: Ownwell
Property Tax Bills Across Grubville, Missouri
In Grubville, located in Jefferson County, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For instance, if the median home price in Grubville is $92,850, the assessed value would be a fraction of this amount, subject to Missouri's assessment rate. Once the assessed value is determined, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including property location, improvements, and market trends. Homeowners can expect tax bills to vary significantly; the 25th percentile tax bill is around $607, while the 75th percentile tax bill reaches $1,637. At the higher end, the 90th percentile tax bill is approximately $1,788. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Grubville Tax Bill
$1,211
Average Jefferson County Tax Bill
$1,729
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Grubville, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63041 | $457 | $607 | $1,211 | $1,637 | $1,788 |
Source: Ownwell