South Greenfield, Missouri Property Taxes
The median property tax rate in South Greenfield, MO is 0.89%, which is notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in South Greenfield at $78,128, the typical annual property tax bill is $714, significantly below the national median of $2,690. Property taxes in South Greenfield are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding South Greenfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of South Greenfield or another part of Lawrence 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
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$695
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Greenfield is 0.89%, which is below 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 zip code 65752 has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with South Greenfield provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Greenfield Tax Rate
0.89%
Average Lawrence County Tax Rate
0.92%
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 | 0.79% | 0.84% | 0.89% | 0.93% | 0.93% |
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 Lawrence 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 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 highest and lowest median tax bills in the area are both $714, found in the 65752 zip code.
Property Tax Assessment Values Across South Greenfield, Missouri
Source: Ownwell
$28,737
$137,257
$245,776
Average South Greenfield Assessed Value
$78,128
Average Lawrence County Assessed Value
$87,220
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 | $24,553 | $48,816 | $78,128 | $100,145 | $132,181 |
Source: Ownwell
Property Tax Bills Across South Greenfield, Missouri
In South Greenfield, located in Lawrence County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area stands at $78,128. Tax rates are applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill, including local government budgets, school funding needs, and public services. For homeowners in South Greenfield, the tax bill can vary significantly. The 25th percentile tax bill is $410, while the 75th percentile reaches $895, and the 90th percentile goes up to $1,230. These variations reflect differences in property values and the specific tax rates applied. The highest and lowest median tax bills in the area are both recorded at $714 in the zip code 65752, indicating a relatively consistent tax rate within that region. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average South Greenfield Tax Bill
$714
Average Lawrence County Tax Bill
$784
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 | $222 | $410 | $714 | $895 | $1,230 |
Source: Ownwell